Bank relief on loan repayment rises as credit restructures hit Ksh.680 billion

By Kepha Muiruri,

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...

Central Bank of Kenya (CBK) , Kenya Bankers Association (KBA) , loan relief

Eyes on new-loans growth as CBK stages rate meeting

By Kepha Muiruri,

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....

Central Bank of Kenya (CBK) , government borrowing , private sector credit

Kenya earns second negative credit outlook from debt stress

By Kepha Muiruri,

Global credit ratings agency Fitch has revised its outlook on Kenya as a long-term debt issuer from stable to negative. In a statement issued Frida...

Fitch , Kenya's debt , National Treasury

Treasury ends annual local borrowing program on a high, raises Ksh.49 billion

By Kepha Muiruri,

The National Treasury has closed its local borrowing program for the year ending June 30 on a high, raising Ksh.49.3 billion against a target of Ksh.4...

Central Bank of Kenya (CBK) , domestic borrowing , National Treasury

Kenya Power issues profit warning, blames COVID-19

By Kepha Muiruri,

Electricity distributor Kenya Power has issued a warning indicating its earnings for the year closing on June 30 will be lower than those previously r...

KENYA POWER

Budget day: Yatani’s budget of pain

By Kepha Muiruri,

In just a few hours, Treasury Cabinet Secretary Ukur Yatani is expected to walk down the steps of the planning ministry to head into the National Asse...

2020/2021 budget , CS Ukur Yatani , National Treaasury

Budget day: Inside the 2020/2021 Ksh.2.73 trillion spending plan

By Kepha Muiruri,

The 2020/2021 budget barely differs with its predecessor as the total spend rounds off to Ksh, 2.73 trillion from Ksh.2.78 trillion last year. The ...

2020/2021 budget

Treasury overshoots revenue targets to fund Ksh.2.7 trillion budget

By Kepha Muiruri,

The National Treasury has once again overestimated the domestic revenue targets for the financial year commencing July 1, 2020. According to the Bu...

2020/2021 budget , Covid-19 pandemic , National Treasury

Budget Committee seeks to raise budget by Ksh.50 billion

By Kepha Muiruri,

The National Assembly Budget and Appropriations Committee (BAC) has proposed ammendments to the 2020/21 expenditure estimates that will see a cumulati...

2020/2021 budget , National Treasury

CBK falls short of goal to switch Treasury bill investors to bonds

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has fallen short of its goal to switch Treasury bill (T-bill) investors to bonds in its quest to relieve pressure of t...

Central Bank of Kenya (CBK) , domestic borrowing , National Treasury

Kenya’s commercial debt has grown by 750 percent for the last 10 years

By Kepha Muiruri,

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...

Kenya's debt , National Treasury

OPINION: This should be the new normal when protecting our natural capital

By Guest Writer,

By Major (Rtd) Steve Leakono Sun Tzu, one of the greatest military strategists and a renowned philosopher said that the greatest victory is that wh...

Debt dilemma as Kenya must now spend its way out of Covid-19 pandemic

By Kepha Muiruri,

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...

coronavirus , Kenya's debt , National Treasury

Kenya receives Ksh.107B World Bank loan to strengthen budget

By Kepha Muiruri,

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...

Kenya's debt , World Bank Group

Kenya’s debt burden pushes country into negative credit rating

By Kepha Muiruri,

Kenya’s rising debt burden has pushed the country’s credit rating outlook into the negative from a previous stable rating. Global based Moody�...

Kenya's debt , National Treasury

Treasury raises Ksh.21 billion from May bond sale

By Kepha Muiruri,

The National Treasury has raised Ksh.20.8 billion in new borrowing from its five-year bond sale whose auction was completed Tuesday. The sale manag...

CBK expected to cut base lending rate amidst uncertainty on policy results

By Kepha Muiruri,

The Central Bank of Kenya (CBK) is largely expected to cut its base lending rate further when the Monetary Policy Committee (MPC) meets on Wednesday. ...

Central Bank of Kenya , Covid-19 pandemic , mpc

Europe will need at least 500 billion euros for recovery from COVID-19 pandemic

By Reuters,

Europe will need at least another 500 billion euros (Ksh.57 trillion) from European Union institutions to finance its economic recovery after the coro...

europe , European Stability Mechanism

OPINION: Tailored mitigation efforts could cushion economy better from Covid-19 pandemic

By Citizen Reporter,

By Desmond Boi The coronavirus pandemic has certainly thrown into sharp relief the interconnected clasp of globalization and nationalism and revea...

COVID-19

Treasury raises Ksh.39 billion from April’s Infrastructure bond

By Kepha Muiruri,

The National Treasury has raised Ksh.39 billion from its infrastructure bond sale conducted over the past week. The nine-year amortized bond attrac...

CBK , domestic borrowing , National Treasury