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Kenyans abroad sent home Ksh.30.5B in January: CBK
By Kepha Muiruri,
658, February 23, 2021 (EAT)
Kenyans abroad sent home Ksh.30.5 billion ($278.4 million) last month marking a continued flow in diaspora remittances at the start of the year. Ac...
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DP Ruto and Senator Gideon Moi rivalry plays out at Hosea Kiplagat burial
By Evans Chumo,
1100, February 20, 2021 (EAT)
Calls for Deputy President William Ruto and Baringo Senator Gideon Moi to unite as brothers for a common cause did not bear any fruits as each one tri...
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DTB to close six branches by end of October 2021
By Kepha Muiruri,
1546, February 19, 2021 (EAT)
Tier I lender Diamond Trust Bank (DTB) is expected to shut six branches by the end of October as part of efforts to consolidate its physical footprint...
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Treasury misses Ksh.18B target on February second bond offer
By Kepha Muiruri,
1401, February 18, 2021 (EAT)
The National Treasury has missed its target of raising Ksh.18 billion from its second-stab in February’s bond sale. Having initially fallen shy o...
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Central Bank of Kenya pays Treasury Ksh.5B ‘dividend’
By Kepha Muiruri,
1355, February 18, 2021 (EAT)
The Central Bank of Kenya (CBK) has transferred Ksh.5 billion to the National Treasury as its substantive dividend covering operations in the year end...
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Kenya & IMF reach agreement on Ksh.262.7 billion 3-year loan
By Kepha Muiruri,
2045, February 15, 2021 (EAT)
Kenyan authorities and the visiting team from the International Monetary Fund (IMF) have reached a staff-level agreement on the disbursement of a Ksh....
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Protests in Kisii over change in Mzee Simeon Nyachae’s funeral venue
By Chrispine Otieno,
2147, February 11, 2021 (EAT)
Residents from Nyanturago in Kisii County on Thursday staged a demonstration against decision to move Mzee Simeon Nyachae's funeral venue. Also Rea...
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Treasury seeks redemption in Ksh.18 billion February bond-tap sale
By Kepha Muiruri,
838, February 11, 2021 (EAT)
The National Treasury has sought Ksh.18 billion in additional borrowing from the domestic market having fallen short of its initial target to raise Ks...
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Retirement schemes assets hit Ksh.952B last year
By Kepha Muiruri,
929, February 11, 2021 (EAT)
Local retirement schemes assets grew by 7.5 per cent to hit Ksh.951.8 billion in 2020 from a lower base of Ksh.885 billion in 2019. This is accordi...
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Flower exporters forecast rosy Valentine’s Day
By Kepha Muiruri,
1453, February 9, 2021 (EAT)
Local flower exporters expect better tidings from this year’s Valentine’s Day sales in contrast to last year. According to the Kenya Flower Cou...
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Nairobi hotels hardest hit in hospitality sector woes
By Kepha Muiruri,
1537, February 5, 2021 (EAT)
Hotels in Nairobi have been hit the hardest as the hospitality sector struggles to crawl out of effects resulting from the COVID-19 pandemic. This ...
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Gov’t urged to reinstate COVID-19 relief measures to aid economy
By Kepha Muiruri,
1308, February 4, 2021 (EAT)
Members of the Institute of Certified Investments and Financial Analysts (ICIFA) have called on the government to reinstate relief measures to cover K...
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Kenya to host first Africa Digital Finance Summit
By Benjamin Muriuki,
1235, February 4, 2021 (EAT)
Kenya is set to host the first Africa Digital Finance Summit (ADFS) from February 18-19, 2021 bringing together experts in the digital and finance spe...
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Private sector activity hits 3-month high on further restrictions ease
By Kepha Muiruri,
1459, February 3, 2021 (EAT)
Activity by Kenya’s private sector hit a three-month high in January as players continue to profit from a further ease to COVID-19 restrictions. ...
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Former Cabinet Minister Simeon Nyachae to be buried on Monday next week
By Ian Omondi,
1336, February 3, 2021 (EAT)
Former Cabinet Minister Simeon Nyachae will be laid to rest at a private ceremony next week on Monday, February 15, 2021 at his home in Nyosia Village...
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Former Cabinet Minister Simeon Nyachae dies at 88
By Citizen Reporter,
1551, February 1, 2021 (EAT)
Former Cabinet Minister Simeon Nyachae has died at 88 years. His family issued a statement on Monday saying he died at the Nairobi Hospital after a...
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January inflation rises to 5.69pc as Kenyans brace for tough times
By Kepha Muiruri,
929, January 30, 2021 (EAT)
The rate of inflation has soared again in January to reach 5.69 per cent from 5.62 per cent in December as the pressure piles on consumer spending. ...
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CMA eyes low costs to boost market activity
By Kepha Muiruri,
1355, January 29, 2021 (EAT)
The Capital Markets Authority (CMA) has set its sights on effecting lower transaction costs to boost trading at the Nairobi Securities Exchange (NSE)....
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Kenya saves Ksh.121B from fall of oil prices last year
By Kepha Muiruri,
1354, January 29, 2021 (EAT)
Kenya save Ksh.121 billion ($1.1 billion) in foreign exchange from the fall of international oil prices across 2020. Kenya’s oil bill, which repr...
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Kenya aims to ‘reconfigure’ external debt, central banker says
By Reuters,
808, January 29, 2021 (EAT)
Kenya’s government aims to “reconfigure” its external debt, its central bank governor said on Thursday, without immediately elaborating. The ...
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