Laikipia becomes fourth county to earn credit ratings

By Kepha Muiruri,

Laikipia has become the fourth County to earn credit ratings as the devolved units continue to gear up for independent borrowing. On Tuesday, the C...

GCR , Laikipia County.

DP Ruto says those pushing BBI Bill ‘are out of touch with reality on the ground’

By DPPS,

Deputy President William Ruto has said those pushing the bill ‘are out of touch with reality on the ground’. Also Read: Uhuru warns of 'cunning...

BBI , ruto

Treasury misses Ksh.18B target on February second bond offer

By Kepha Muiruri,

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...

bond , debt , Treasury

New IMF, World Bank loans trim Kenya’s debt refinancing risks

By Kepha Muiruri,

Kenya’s change of tact to re-integrate cheap financing from the International Monetary Fund (IMF) and the World Bank has served to trim the country�...

2021 MTDS , debt refinancing , National Treasury

Treasury CS Ukur Yatani now goes for Ksh.124 billion Eurobond

By Kepha Muiruri,

National Treasury Cabinet Secretary Ukur Yatani is set to make his debut in the international capital markets with a Ksh.123.5 billion Eurobond in the...

2021 Budget Policy Statement (BPS) , CS Ukur Yatani , Kenya's debt , National Treasury

Equity BCDC unveils new identity in DRC

By Citizen Reporter,

Equity Banque Commercial du Congo (Equity BCDC) has launched its new identity following the successful merger of Equity Bank Congo (EBC) and Banque Co...

Equity BCDC

Absa Bank Kenya pledges more support for SMEs

By Citizen Reporter,

Absa Bank Kenya Plc. on Wednesday celebrated its one-year anniversary in the market with a commitment to significantly invest towards transforming cus...

Absa Bank Kenya

Foreign investors troop back to the NSE

By Kepha Muiruri,

Foreign investors have begun returning to Kenya’s local stock market halting portfolio exits seen largely in 2020. According to new market statis...

Foreign Investors , Nairobi Securities Exchange (NSE)

Kenya adds Ksh.1.2T to debt stock in 2020

By Kepha Muiruri,

Kenya added Ksh.1.2 trillion to its debt portfolio in 2020 as the country’s stock of debt hit Ksh.7.3 trillion in December from Ksh.6 trillion a yea...

coronavirus , debt

Kenya aims to ‘reconfigure’ external debt, central banker says

By Reuters,

Kenya’s government aims to “reconfigure” its external debt, its central bank governor said on Thursday, without immediately elaborating. The ...

CBK , debt

CBK warns of a tougher and riskier economic outlook

By Kepha Muiruri,

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. ...

Central Bank of Kenya (CBK) , Dr. Patrick Njoroge , Kenya's economy

Loan defaults hit a Ksh.432B high even as banks restructure Ksh.1.63T in payments

By Kepha Muiruri,

Loan defaults have hit a high Ksh.432 billion in spite of banks restructuring payments on loans amounting to Ksh.1.63 trillion by the close of 2020. ...

Central Bank of Kenya (CBK) , loan defaulting , non performing loans (NPLs)

Kenya seeks Ksh.154B World Bank, IMF loans

By Kepha Muiruri,

Kenya is hoping to raise Ksh.154 billion in debt from the World Bank and the International Monetary Fund (IMF) before the end of June this year. Th...

International Monetary Fund (IMF) , Kenya debt , World Bank

Kenyan digital insurer Pula raises Ksh.660M in additional capital

By Kepha Muiruri,

Kenyan-based digital insurance Pula has raised Ksh.660 million ($6 million) in additional funding as it seeks to expand its footprint on the African c...

Pula , Rose Goslinga , Thomas Njeru

CBK to leave the benchmark rate unchanged at 7 per cent

By Kepha Muiruri,

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...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

Slum dwellers battle COVID-19 downturn with virtual currency

By Reuters,

Sitting on a low bench at her shop in a Nairobi slum, Grace Wangari sifted through a handful of grains that a waiting customer had just ordered. As...

coronavirus , sarafu

COVID-19 shots to cost Ksh.300 to Ksh.1,000 under African Union vaccine plan

By Reuters,

African countries will pay between $3 and $10 per vaccine dose to access 270 million COVID-19 shots secured this month by the African Union (AU), acco...

COVID-19 shots to cost between Ksh.330 to Ksh.1100 in AU plan

By Reuters,

African countries will pay between Ksh.330 ($3) and Ksh.1100 ($10) per vaccine dose to access 270 million COVID-19 shots secured this month by the Afr...

coronavirus , vaccine

PROFILE: Wavi Mungala redefining her career through integrity, tenacity

By Guest Writer,

By Patience Nyange Wavi Mungala has over 15 years of experience across the hospitality, banking and public sectors in Kenya and the U.S. She is ...

wavi mungala

Hope for SMEs as Kenyan banks renew risk appetite

By Kepha Muiruri,

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...

loans , smes