Gov’t planning to raise Ksh.50B infrastructure Bond

By Citizen Reporter,

Treasury has lined up a Ksh.50 billion infrastructure bond to be sold locally this month According to the Central Bank of Kenya (CBK), the proceeds...

Safaricom now seeks to increase M-Pesa daily limit

By Dennis Otieno,

Telecommunications giant Safaricom has began talks with the Central Bank of Kenya to review the limit imposed on mobile money transfers. According ...

M-pesa , Safaricom

Brilliant Keitany seals fourth New York Marathon title

By Matthews Mutai,

Mary Keitany won her fourth New York City Marathon title in five years with a dominant performance as she led compatriot Vivian Cheruiyot to a Kenyan ...

Geoffrey Kamworor , Mary Keitany , New York City marathon , Vivian Cheruiyot

KCB appoints Andrew Wambari Kairu as Group Chairman

By Citizen Reporter,

Kenya Commercial Bank, East Africa’s largest commercial bank in asset base has appointed Mr. Andrew Wambari Kairu as the new chair of the Group Boar...

Andrew Wambari Kairu , Joshua Oigara , KCB , Ngeny Biwott

KenolKobil Ksh.35B bid under investigation by CMA

By Reuters,

The Capital Markets Authority has said investigations have been launched into irregular share trades in relation to a takeover offer for KenolKobil b...

De La Rue to invest Ksh.286M in Kenya after ruling on tender row

By Vincent Maruga,

De La Rue is set to invest Ksh.286 million (US$2.9 million) in the expansion of their site in Kenya to strengthen and underpin local operations. Th...

De La Rue

World Bank criticises Kenya’s approach to cutting fiscal deficit

By Reuters,

The World Bank urged Kenya to cut spending on public sector wages and other recurring items to reduce its debt load, instead of slashing development s...

fiscal deficit , World Bank

‘The Profiteers’: Kenyans to protest alleged South Sudan looting

By Ruth Leonorah,

A section of Kenyan citizens have organized a peaceful protest against alleged looting of funds in conflict-prone South Sudan by prominent leaders and...

Boniface Mwangi , Foreign Affairs CS Monica Juma , John Allan Namu , South Sudan citizens in Kenya , South Sudan looting , The Profiteers

New fuel tax pushes Kenya inflation to highest in 11 months

By Reuters,

Kenya inflation rose to its highest rate in nearly a year in September, the statistics office said on Friday, reflecting the impact of a new value add...

Finance Bill 2018. , fuel tax , Kenya inflation

CBK Governor to seek removal of cap on commercial lending rates

By Reuters,

CBK Governor Patrick Njoroge has said he will keep engaging with lawmakers to seek a removal of a cap on commercial lending rates which are "stranglin...

Kenya Central Bank , Patrick Njororge

Ex-Nairobi Deputy Governor Polycarp Igathe now Equity Bank Kenya MD

By Citizen Reporter,

Former Nairobi County Deputy Governor Polycarp Igathe has been named the Managing Director of Equity Bank Kenya just five months after joining financi...

Dr. James Mwangi , equity bank , Polycarp Igathe

Five Kenyan banks fined Ksh.390M for handling NYS loot

By Benjamin Muriuki,

The Central Bank of Kenya has slapped hefty fines on five top banks that are alleged to have been involved in the transactions of the second phase of ...

Central Bank of Kenya , NYS scandal

Duncan back with iconic pick up as 27 drivers flagged off for Nanyuki rally

By Citizen Reporter,

  The seventh round of Kenya National Rally Championship is currently underway in Laikipia County, with  27 drivers having been enlisted for ...

Ian Duncan , Kenya National Rally Championship , Laikipia Count , Nanyuki Loldaiga

BWIRE: Bribery in the private sector is graft, not economic crime

By Victor Bwire,

The ongoing purge on corruption in Kenya now needs to extend to strengthen the legal framework that enhance business integrity, outside the public sec...

Bribery Act , corruption , DPP , EACC , economic crimes

Equity boss calls for regulation of mobile lending apps

By Citizen Team,

The government has been called on to regulate micro lending platforms that have gained popularity in the country. Equity Bank is among lenders push...

Central Bank of Kenya , equity bank , exposure , high default rates , interest rate cap , James Mwangi , lending , micro loans , mobile lending apps , predatory lending , SME

KCB to finalize Imperial Bank deal in September, posts Ksh12bn HY profit

By Reuters,

KCB Group expects to finalize a takeover of smaller rival Imperial Bank by the end of September, Kenya’s biggest bank by assets said on Thursday aft...

Acquisition , Central Bank of Kenya , imperial bank , Joshua Oigara , KCB , Kenya Bankers Association , receivership , robin hood tax

MPs slam Keter for attacking DP Ruto

By Bernard Rotich,

Nandi Hills Member of Parliament Alfred Keter has come under fire from a section of Rift Valley leaders for attacking Deputy President William Ruto at...

2022 politics , Ainamoi MP Sylvanus Maritim , DP William Ruto , MP Alfred Keter , MP Hillary Kosgey , NASA

Central Bank moves to spur lending

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has reviewed its base lending rate to commercial banks by 50 points to nine percent in an attempt to enhance the flow ...

agriculture , banking , benchmark lending rate , Central Bank , economic growth , first quarter growth , KNBS , lending , Manufacturing , patrick njoroge , private sector lending

Central Bank forecasts 6.2pc growth in 2018

By Reuters,

Kenya’s economy is likely to expand by 6.2 percent this year, the central bank’s governor said on Tuesday, offering a rosier outlook than the Fina...

agriculture , banking , economic growth , Henry Rotich , interest cap law , lending , patrick njoroge , tourism , Treasury

Central Bank seeks Imperial Bank receivership extension

By Citizen Reporter,

The Central Bank of Kenya (CBK) will next week move to court to seek an extension on its control of Imperial Bank. Speaking to a section of deposit...

Abdulmalek Jan Mohammed , banking , Central Bank , depositors , imperial bank , KCB Group , patrick njoroge , receivership