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February inflation rises to 5.8 per cent as cost of living soars
By Kepha Muiruri,
1440, February 27, 2021 (EAT)
The rate of inflation in February has risen further to 5.78 per cent from a lower 5.69 per cent in January. This to represent a steady rise in the ...
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Treasury raises 2021 growth forecast to 7 percent
By Kepha Muiruri,
1456, February 15, 2021 (EAT)
The National Treasury expects 2021 growth to bounce back at a higher seven percent from its initial projection of 6.4 per cent in January. The enha...
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Petrol prices jump by Ksh.8, diesel by Ksh.5
By Kepha Muiruri,
1321, February 14, 2021 (EAT)
Petrol users will part with more for fuel with the commodity seeing the greatest jump in costs at Ksh.8.19 in the latest review of maximum pump prices...
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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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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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CBK warns of a tougher and riskier economic outlook
By Kepha Muiruri,
1825, January 28, 2021 (EAT)
The Central Bank of Kenya (CBK) has warned of a much tougher and riskier economic forecast for the 2021 as the Kenyan economy wades uncertain waters. ...
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CBK keeps the benchmark lending rate at 7% for the sixth time
By Kepha Muiruri,
1818, January 27, 2021 (EAT)
The Central Bank of Kenya (CBK) has left the benchmark lending rate at seven per cent at its sixth straight policy meeting on Wednesday. In a state...
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CBK to leave the benchmark rate unchanged at 7 per cent
By Kepha Muiruri,
1821, January 25, 2021 (EAT)
The Central Bank of Kenya (CBK) is expected to largely retain the benchmark lending rate at seven per cent for most of 2021. The reserve bank whose...
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African consumers hit as Asia gobbles up rice supplies
By Reuters,
855, January 21, 2021 (EAT)
Tightening global supplies of basic foodstuffs and disruptions to shipping caused by the coronavirus pandemic are driving up the cost of rice, the mos...
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Diesel prices rise by Ksh.4.57 in latest fuel costs review
By Kepha Muiruri,
1720, January 14, 2021 (EAT)
Users of diesel are expected to see the sharpest increase in costs at the pump effective Friday, January 15 with the price of the commodity going up b...
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Hope for SMEs as Kenyan banks renew risk appetite
By Kepha Muiruri,
1725, January 13, 2021 (EAT)
Small and medium enterprises (SMEs) are set to profit from the greater issuance of credit by commercial banks in 2021 as the lenders expand their thre...
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Co-op joins queue of banks expecting significant profit hits
By Kepha Muiruri,
1543, January 8, 2021 (EAT)
The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Frid...
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Kenyans close the year with emptier pockets as December inflation spikes to 5.6%
By Kepha Muiruri,
1747, December 31, 2020 (EAT)
Kenyans pain at the close of the year has been exacerbated by thinning disposable income with the rate of inflation spiking to 5.6 per cent in Decembe...
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2020 review: On public debt, it’s from the frying pan towards fire
By Kepha Muiruri,
1028, December 31, 2020 (EAT)
In a nutshell, Kenya’s stock of public debt stood at Ksh.1.3 trillion a decade ago, today, this stock has climbed to Ksh.7.1 trillion as of Septembe...
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Cheki Kenya decries reduced car listings in 2020 as it celebrates 10-year anniversary
By Ian Omondi,
1140, December 22, 2020 (EAT)
Leading car marketplace Cheki Kenya on Friday celebrated its 10th anniversary of operating in the country, however decrying a reduced number of vehicl...
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Motorists to pay more as fuel prices go up in latest review
By Kepha Muiruri,
647, December 15, 2020 (EAT)
Motorists will pay more for fuel from midnight on Tuesday as the Energy and Petroleum Regulatory Authority (EPRA) effects higher petroleum costs. T...
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The pinch of a fading shilling
By Kepha Muiruri,
1503, December 5, 2020 (EAT)
On January 2, 2020, Ksh.101.34 would have been enough to get your hands on a US dollar, today, you would require Ksh.110.97 to close the same transact...
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Treasury ends COVID-19 tax relief measures to recover lost revenues
By Kepha Muiruri,
1612, December 4, 2020 (EAT)
The National Treasury has moved to cut off COVID-19 tax relief measures effective from January, 2021 as it seeks to reinstate lost government revenues...
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November inflation shoots to 7-month high 5.5% on higher food costs
By Kepha Muiruri,
1036, December 1, 2020 (EAT)
Kenyans are expected to feel the pinch of greater costs with November inflation shooting to a seven-month high 5.46 per cent from 4.84 per cent in Oct...
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Private firms end eight-month job cuts run as activity hits record high in October
By Kepha Muiruri,
1920, November 4, 2020 (EAT)
Kenya’s private sector halted an eight-month job cuts run to grow their payroll numbers in October as activity touched a new record high. Accordi...
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