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Police officer among five suspects arrested in botched Ksh.28M bank robbery
By Hassan Mugambi,
1258, July 6, 2020 (EAT)
Detectives in Bungoma County on Saturday arrested five suspects including a police officer in a botched bank heist in Busia town. Three suspects we...
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KQ shares suspended from trading on the NSE
By Kepha Muiruri,
2249, July 3, 2020 (EAT)
The shares of carrier Kenya Airways has been suspended from trading on the Nairobi Securities Exchange (NSE) effective Friday. The suspension, a ro...
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Local firms’ foresee an economic rebound on further restrictions ease
By Kepha Muiruri,
947, July 2, 2020 (EAT)
Local enterprises foresee a potential economic rebound should government further ease restriction measures to contain the COVID-19 pandemic. As the...
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Treasury to recapitalize Kenya Airways to the tune of Ksh.7.5 billion
By Kepha Muiruri,
1706, June 26, 2020 (EAT)
The government is expected to pump in additional capital as it seeks to transition Kenya Airways (KQ) into a fully owned State entity. According to...
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Bank relief on loan repayment rises as credit restructures hit Ksh.680 billion
By Kepha Muiruri,
1830, June 25, 2020 (EAT)
The relief by commercial banks on loan repayments to customers has risen significantly as loan restructures hit Ksh.679.6 billion. The new figure r...
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CBK holds the benchmark lending rate at 7 percent
By Kepha Muiruri,
1755, June 25, 2020 (EAT)
The Central Bank of Kenya (CBK) has held its benchmark lending rate for the second time at seven percent, noting continued policy transmission on rece...
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CBK extends free mobile money transactions below Ksh.1000 for the rest of 2020
By Kepha Muiruri,
1609, June 24, 2020 (EAT)
Kenyans will continue enjoying free mobile money transactions below Ksh.1000 for the rest of the year. This follows the Central Bank of Kenya (CBK)...
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Eyes on new-loans growth as CBK stages rate meeting
By Kepha Muiruri,
1505, June 24, 2020 (EAT)
The focus of the Central Bank of Kenya (CBK) is expected to be on the growth of loans to Kenyans when it hosts its policy setting meeting on Thursday....
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Equity Group cancels Ksh.10B Atlas Mara acquisition deal
By Kepha Muiruri,
1322, June 23, 2020 (EAT)
Equity Group has cancelled the proposed transaction for the acquisition of Atlas Mara banking businesses in Rwanda, Tanzania, Zambia and Mozambique. ...
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CBK urged to relax rules to banks on loan defaults
By Kepha Muiruri,
1134, June 16, 2020 (EAT)
The Central Bank of Kenya (CBK) has been urged to relax loan-loss provisioning rules to commercial banks as loan defaults pick up. Analysts at Cyto...
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Banks extend cushioning to customers as loan restructures hit Ksh.360 billion
By Kepha Muiruri,
1115, June 12, 2020 (EAT)
Commercial bank loan restructures to cushion borrowers against the Covid-19 pandemic have increased to top Ksh.360 billion. In his maiden budget st...
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NSE listed corporate bonds fall to 5 as Centum exits
By Kepha Muiruri,
1558, June 8, 2020 (EAT)
The number of listed corporate bonds and commercial paper on the Nairobi Security Exchange (NSE) has fallen to five with Centum Investment retiring it...
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Kenya’s dollar reserves rise to a 9-month high following external funding
By Kepha Muiruri,
1513, June 8, 2020 (EAT)
Kenya’s dollar reserves rose to a nine-month high of Ksh.986.7 billion last week following the receipt of recent external funding. The observed r...
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NCBA shuts down 14 branches in post-merger consolidation
By Kepha Muiruri,
907, June 5, 2020 (EAT)
NCBA bank has closed 14 of its branches in a post-merger exercise to consolidate its operations following its birth in 2019. The birth, arising out...
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75% of Kenyan SMEs stare at total collapse by end of June
By Kepha Muiruri,
1618, May 28, 2020 (EAT)
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 ...
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Kenya’s commercial debt has grown by 750 percent for the last 10 years
By Kepha Muiruri,
1239, May 26, 2020 (EAT)
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...
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Commercial banks stock of bad loans rise to a 13.1 percent high
By Kepha Muiruri,
1519, May 25, 2020 (EAT)
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. ...
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Kenya COVID Fund gets Ksh.3.7B in donations
By Elphas Lagat,
1807, May 23, 2020 (EAT)
The COVID-19 Emergency Response Fund Board has received donations totaling Ksh. 3.7billion. Ksh. 3.2billion was received by the committee in cash w...
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Debt dilemma as Kenya must now spend its way out of Covid-19 pandemic
By Kepha Muiruri,
957, May 21, 2020 (EAT)
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...
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Kenya receives Ksh.107B World Bank loan to strengthen budget
By Kepha Muiruri,
1832, May 20, 2020 (EAT)
The World Bank Board has approved the disbursement of a Ksh. 106.7billion ($1 billion) loan to Kenya from its Development Program Operations (DPO) kit...
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