China says Africa projects should be sustainable, denounces criticism

By Reuters,

Chinese development projects in Africa must be sustainable, the government’s top diplomat told senior African ministers on Tuesday, as he denounced ...

africa , china , Xi Jinping

Nigeria’s Buhari signals 4 more years much like last

By Reuters,

Nigerian President Muhammadu Buhari promised on Wednesday to repeat in his second term successes from his first four years including an improved econo...

Muhammadu Buhari , Nigeria

Garissa County launches Ksh.150M revolving fund to offer interest-free loans

By Amos Sambu,

Garissa Governor Ali Korane has launched a Ksh.150 million revolving fund that will provide interest-free loans to the youth, women and persons living...

Aki Korane , garissa

‘Public debt is within sustainable levels,’ CS Rotich insists

By Benjamin Muriuki,

The government has maintained that its debt is sustainable and projected to decline. According to Treasury CS Henry Rotich, loans granted to the go...

Budget 2019 , Henry Rotich , Public debt , world bank loan

Digital lenders form self-regulating alliance amid public backlash

By Kepha Muiruri,

Twelve of the estimated 500 digital lenders in Kenya have launched the Digital Lenders Association of Kenya (DLAK), a self-regulating alliance incorpo...

Central Bank of Kenya (CBK) , Digital Lenders Association of Kenya (DLAK) , digital lending apps , Dr. Patrick Njoroge , Robert Masinde.

NBK bounces back to record Ksh.106 million net profit

By Kepha Muiruri,

The National Bank of Kenya (NBK) has announced a Ksh.106.3 million net profit for the period ending March 31, 2019 to effectively end a 15-month dip i...

KCB-NBK acquisition , National Bank of Kenya (NBK) , Wilfred Musau

CBK: Kenya needs to reorganize debt as room for borrowing has shrunk

By Reuters,

Kenya’s headroom for new borrowing has shrunk since it tapped the Eurobond market this month and it is time for the country to begin reorganizing it...

CBK Governor Dr. Patrick Njoroge , Kenya debt

Cheap homes to shakeup housing market

By Kepha Muiruri,

The fruition of the government backed cheap homes initiative is expected to create a radical shift in the housing market, this as the sector on boards...

affordable housing , Jared Osoro , KBA-HPI , KMRC

CBK calls for regulation of mobile-based lenders

By Dennis Otieno,

The Central Bank of Kenya (CBK) is calling for seamless regulation of digital lending platforms in the country. According to CBK Governor Patrick N...

Central Bank , patrick njoroge

China,United States face off in Djibouti as world powers fight for influence in Africa

By CNN,

A dirt track at Djibouti's Doraleh Port leads to a series of unassuming single-story buildings that, earlier this year, hosted the world's two superpo...

china , Djibouti , Red Sea , US

CBK retains lending rate at 9 percent

By Kepha Muiruri,

Central Bank’s Monetary Policy Committee (MPC) has for the sixth time running kept the effecting lending rate at 9 percent signaling a wait-and-see ...

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

‘CRB should stop listing individuals over Ksh.100 debt ’- Olaka

By Kepha Muiruri,

Commercial banks have welcomed the ongoing conversation to review the law governing Credit Referencing Bureaus (CRBs), highlighting on gross inconsist...

CBK , CRBs , Habil Olaka , Kenya Bankers Association , Metropol , patrick njoroge

Mortgage accounts poised to increase with KMRC launch

By Kepha Muiruri,

The Kenya Mortgage Refinancing Company (KMRC) launched on Wednesday by President Uhuru Kenyatta is expected to double the number of mortgage accounts ...

affordable housing , CBK , KMRC , National Treasury

KCB quarterly profit rises to Ksh 5.8B on non-interest income

By Kepha Muiruri,

KCB Group has announced an 11.5 percent growth in profits for the first three months of the year to Ksh.5.8 billion. The notable increase in earnin...

Joshua Oigara , KCB

Government Mortgage Firm to deliver Cheaper Homes

By Zeddy Sambu,

The State-backed company to implement the social housing project to advance cash to banks and saccos for on-lending to home buyers is to be launched t...

affordable housing , Big Foru Agenda , Charles Hinga , Kenya Mortgage Refinancing Company , mortgage

Legacy of lunacy haunts old Kenya railway. Will China’s Ksh.364B line be different?

By CNN,

In 1903, British colonial administrator Sir Charles Norton Edgecumbe Eliot made a bold statement: "It is not uncommon for a country to create a rai...

SGR

5 banks roll out cheap SME loans at 9% rate

By Kepha Muiruri,

Proprietors of small enterprises across the country can heave a sign of relief as five tier one lenders move to pilot lending on a Central Bank Rate, ...

Central Bank Governor (CBK) Patrick Njoroge , Central Bank of Kenya , interest rate capping , SME lending , Stawi

Zimbabwe secures $500 million loan to ease dollar shortages

By Reuters,

Zimbabwe’s central bank has secured a $500 million loan from unspecified international banks to support interbank currency trading from Monday and e...

Zimbabwe

Rise of Timiza, Fuliza, KCB-MPesa & pitfalls of other short-term lending apps

By Kepha Muiruri,

Kelvin Ochieng sits on the edges of a sports apparel stall, off Suna Road Nairobi, sheltered from the striking sun beams on this unceremonious bright ...

digital lending apps , fuliza , KCB-Mpesa , tala , Timiza

Chinese Economic Outreach in Latin America Draws US Concerns

By VOA,

For generations, the economies of Latin America and the Caribbean have been dominated by trade with the United States. In recent years, though, a g...