U.S. imposes wide array of sanctions on Russia for ‘malign’ actions

By Reuters,

The United States on Thursday imposed a broad array of sanctions on Russia, including curbs to its sovereign debt market, to punish it for interfering...

President Joe Biden , President Vladimir Putin , sanctions , U.S Election

Zetech University banks on built capacity to boost digital learning

By Citizen Reporter,

The impact of COVID-19 on higher learning has disrupted the way students access university education globally, with the third wave in Kenya interrupti...

CBK expands list of third-party CRB data providers

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has expanded the list of third-party credit information providers to nearly 2000 entities as part of its role to bolst...

Central Bank of Kenya (CBK) , Credit Reference Bureau Regulations 2020 , credit reference bureaus (CRBs)

Gov’t extends nationwide curfew, ban on public gatherings until May 29

By Ian Omondi,

The government on Wednesday stated that the 10pm-4am nationwide curfew will run until May 29, 2021. Interior Cabinet Secretary Dr. Fred Matiang’i...

CS Fred Matiang’i , curfew

To what extent Kenya is adopting cryptocurrencies

By Agencies,

Kenya is one of the prominent countries on the African continent, and the people of Kenya are getting more aware of the opportunities that might chang...

4 Reasons that will make you want to invest in Bitcoin

By Agencies,

In this world, there are so many different ways to make money but not all are endorsed and appreciated by the big guns in investing and marketing. You...

India bans exports of anti-viral drug Remdesivir as COVID-19 cases surge

By Reuters,

India on Sunday banned the export of anti-viral drug Remdesivir and its active pharmaceutical ingredients as demand rocketed due to a record surge in ...

coronavirus , remdesivir

Uganda, Tanzania, oil firms sign accords to build Ksh.375B pipeline

By Reuters,

Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion (Ksh. 375.5billion) ...

Museveni , suluhu

Two women suspected of drugging, stealing from man in Mwea arrested

By Johnson Muriithi,

Two women accused of drugging a man and robbing him of an unknown amount of money in Mwea, Kirinyaga County have been arrested. Mwea-East police co...

Drugging

Kenya’s debt carrying capacity weakens: IMF report

By Kepha Muiruri,

The International Monetary Fund (IMF) has trimmed Kenya’s ability to carry debt from strong to medium based on weakening growth, export metrics. ...

International Monetary Fund (IMF) , Kenya's debt distress , National Treasury

Charges resume for transactions above Ksh.100 via mobile money wallets: CBK

By Citizen Reporter,

The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above Ksh.100 effected through bank specific (in-house) mobil...

CBK , mobile money wallets , saccos

Database reveals secrets of China’s loans to developing nations, says study

By Reuters,

The terms of China’s loan deals with developing countries are unusually secretive and require borrowers to prioritise repayment of Chinese state-own...

china , debt , loan

AK rallies stakeholders to be part of Athletics Global Conversation

By Gilbert Kiprotich,

Athletics Kenya wants stakeholders to provide suggestions on how to improve athletics nationally and globally, following last week's launch of the Glo...

Athletics Kenya , World Athletics Global Conversation

CBK retains benchmark lending rate at 7% for seventh time

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained its benchmark lending rate unchanged at seven per cent for the seventh straight time. The reserve bank...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , COVID-19

Why is the price of bitcoin higher in Africa than in other countries?

By Agencies,

The whole world perceives Africa as an underdeveloped country suffering from poverty and malnutrition for ages. With all that not-so-good perception a...

bitcoin

To what extent security printing can contribute to blockchain

By Citizen Reporter,

As bitcoin is a digital currency and not backed by any authoritative body like other tangible currencies which include the dollar, Euro, and pound. Fo...

bitcoin , blockchain

Sidian Bank announces its 2020 annual financial results

By Citizen Reporter,

Sidian Bank, a mid-tier bank focusing on SMEs, published its 2020 financial performance for the year ended December 31, 2020, indicating a strong perf...

Sidian Bank

Equity Group Holdings plans Trans-Africa expansion with Ksh.11B loan

By Citizen Reporter,

Equity Group Holdings (EGH) has signed a USD $100 million loan (Ksh 11 Billion) facility to support its expansion across Eastern and Central Africa, e...

AfDB , equity bank

Bitcoin continues to surge: Here’s what you need to know about the cryptocurrency

By Agencies,

The crypto market recently witnessed a vertiginous rise in the value of Bitcoin, which came after the cryptocurrency had been gradually gathering stre...

bitcoin , cryptocurrency

Banks restructure payments on Ksh1.7 trillion customer loans as CBK relief window closes

By Kepha Muiruri,

Commercial banks had restructured an estimated Ksh.1.7 trillion in customer loans at the end of February 2021 representing 57 per cent of the sector's...

COVID-19 , Kenyan banks , loan restructures