Kenyan scientist Muthoni Masinde created an app that predicts droughts

By CNN,

An app is combining weather station data with the traditional knowledge of African farmers to predict droughts. To help prepare farmers for the eff...

ITIKI , Muthoni Masinde

75% of Kenyan SMEs stare at total collapse by end of June

By Kepha Muiruri,

Three quarters of all small and medium enterprises (SMEs) are staring at a total collapse by the end of June as cash-flows shrink. Central Bank of ...

Central Bank of Kenya (CBK) , SMEs in Kenya

CBK falls short of goal to switch Treasury bill investors to bonds

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has fallen short of its goal to switch Treasury bill (T-bill) investors to bonds in its quest to relieve pressure of t...

Central Bank of Kenya (CBK) , domestic borrowing , National Treasury

CBK leaves benchmark lending rate at 7 percent

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent breaking the recent cycle of cuts to support the economy. ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

IMF backs dividend withdrawals by banks

By Kepha Muiruri,

The International Monetary Fund (IMF) has backed the halting of dividend payments and share buy backs by banks in response to the Covid-19 pandemic. ...

dividends , International Monetary Fund (IMF)

KCB Mvita branch closed after employee tests positive for Covid-19

By Benjamin Muriuki,

KCB Bank Mvita branch in Mombasa has been temporarily closed after one of the staff members tested positive for Covid-19. In a statement issued on ...

COVID-19 , KCB Mvita branch , Mombasa

Kenya’s commercial debt has grown by 750 percent for the last 10 years

By Kepha Muiruri,

Kenya’s appetite for commercial debt grew by over eight times or an equivalent 750 percent in a decade from June 2010 to March 2020.­ The data con...

Kenya's debt , National Treasury

Commercial banks stock of bad loans rise to a 13.1 percent high

By Kepha Muiruri,

The quality of assets inside Kenyan banks has continued to deteriorate this year with the stock of bad loans held surging to 13.1 percent in April. ...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , non-performing loans

Co-op Bank quarterly profit flat at Ksh.3.6 billion

By Kepha Muiruri,

The Co-operative Bank of Kenya has announced a a flat growth in profit after tax for the first three months of 2020 at Ksh.3.6 billion. Profit in t...

Co-operative Bank of Kenya , Gideon Muriuki

Mobile money transactions soar by 9.4pc on Covid-19 emergency measures

By Kepha Muiruri,

The average number of daily mobile money transactions carried out by Kenyans since emergency measures to support cashless deals has soared by 9.4 perc...

Central Bank of Kenya (CBK) , mobile money

Debt dilemma as Kenya must now spend its way out of Covid-19 pandemic

By Kepha Muiruri,

Kenya could be set for an even higher debt stock as its development partners back additional spending amidst the Covid-19 pandemic. Even as falling...

coronavirus , Kenya's debt , National Treasury

CBK seeks to switch T-bill investors to bonds in Covid-19 led pressure

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has sought to switch Treasury bill (T-bill) investors to bonds with a view to provide relief to exchequer upcoming red...

Central Bank of Kenya (CBK) , Kenya domestic debt

Gov’t in talks with employers on how to cushion workers against Covid-19 effects

By Faizal Ahmed,

The government is in talks with employers to develop measures aimed at mitigating the effects of Covid-19 on jobs. Under an MoU signed between the ...

chelugui , coronavirus , COTU , COVID-19 , Employers , FKE , job losses

Investment banks, CMA pledge Ksh.30million for Covid-19 fund

By Kepha Muiruri,

Capital markets players flanked by their regulator have donated Ksh.30 million to the Covid-19 emergency response fund. The Capital Markets Authori...

coronavirus , Covid-19 emergency fund

Kenyan banks forecast drop in new loans as Covid-19 pandemic impacts sector

By Kepha Muiruri,

Local banks expect new loan accounts to shrink significantly in 2020 as the industry prices in the impact of the Covid-19 pandemic. According to a ...

coronavirus , COVID-19 , KBA

Paxful launches bitcoin donation campaign to support charities in Africa’s response to COVID-19

By Citizen,

In 2017, Paxful launched the #BuiltWithBitcoin charitable initiative to show that bitcoin can help people around the world. With the goal to build ...

Top banks restructure Ksh.176 billion customer loans in cushion against Covid-19

By Kepha Muiruri,

Seven of Kenya’s largest banks have restructured a combined Ksh.176 billion worth of customer loans to cushion clients against the Covid-19 pandemic...

Central Bank of Kenya (CBK) , Covid-19 pandemic

Treasury raises Ksh.21 billion from May bond sale

By Kepha Muiruri,

The National Treasury has raised Ksh.20.8 billion in new borrowing from its five-year bond sale whose auction was completed Tuesday. The sale manag...

Kenya receives Ksh.78 billion IMF loan to address Covid-19 pandemic

By Kepha Muiruri,

The International Monetary Fund (IMF) Executive Board approved the disbursement of Ksh.78.3 billion ($739 million) in emergency funding to Kenya on We...

Covid-19 pandemic , International Monetary Fund (IMF) , Kenya's debt

CBK mulls Ksh.100B plan to cushion SMEs against pandemic

By Kepha Muiruri,

The Central Bank of Kenya (CBK) says it is working with member banks on a scheme to cushion micro, small and medium enterprises (MSMEs) against shocks...

CBK , COVID-19 , smes