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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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Treasury seeks redemption in December secondary bond sale, targets Ksh.22B
By Kepha Muiruri,
1404, December 15, 2020 (EAT)
Treasury has sought to save face through a secondary December bond offer following disappointing uptake of a primary bond offer earlier this month. ...
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Business activity drops to a 5-month low on COVID-19 resurgence
By Kepha Muiruri,
1307, December 4, 2020 (EAT)
Private sector activity in the economy has slumped to a five-month low in November on COVID-19 resurgence fears. According to the monthly-published...
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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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CBK dollar reserves fall below 5-month cover as shilling treads on 109 mark
By Kepha Muiruri,
1420, October 26, 2020 (EAT)
The Central Bank of Kenya (CBK) usable foreign currency reserves have fallen below the five months import cover in the past week as the shilling faces...
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Kenya shilling falls to a new record low
By Kepha Muiruri,
1717, August 19, 2020 (EAT)
The Kenya shilling touched a new low in Wednesday’s trading session against the U.S. dollar as the local unit now sees new bouts of volatility. T...
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Money in circulation grows by Ksh.203 billion in four months
By Kepha Muiruri,
1929, August 5, 2020 (EAT)
Money in supply within the Kenyan economy has defied the shocks of the COVID-19 pandemic expanding by Ksh.203 billion or an equivalent 30.7 per cent. ...
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Fighting fakes: Mobile phones the most counterfeited goods in Kenya
By Dorcas Wangira,
1551, June 1, 2020 (EAT)
Kenya loses an estimated Ksh. 30billion every year in tax evasion, unlicensed goods and counterfeit, according to various studies. The country is t...
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No relief for consumers as changes to Value Added Tax take effect
By Kepha Muiruri,
1120, April 4, 2020 (EAT)
Kenyans have barely found relief in the cost of basic commodities as changes to the Value Added Tax (VAT) charge were effected in line with March 25 P...
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Coronavirus: All 47 Governors, their deputies to take 30% pay cut
By Benjamin Muriuki,
1842, March 26, 2020 (EAT)
Council of Governors Chairman Wycliffe Oparanya has announced that all the 47 County Governors and their deputies will take a voluntary pay cut of 30 ...
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How much Uhuru, Ruto will be earning after 80% pay cut
By Sam Gituku,
1253, March 26, 2020 (EAT)
In a view to releasing more money into circulation and in keeping with the tough economic times Kenyans are experiencing, President Uhuru Kenyatta has...
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All eyes on CBK on review of Kenya economy base lending rate
By Kepha Muiruri,
839, November 22, 2019 (EAT)
All eyes will be on the Central Bank of Kenya (CBK) as it offers guidance on the direction of interest rates in the market. The CBK has been relati...
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Unaccounted for mattress money that never returned into circulation
By Kepha Muiruri,
1102, October 5, 2019 (EAT)
The Central Bank of Kenya (CBK) managed to put to waste sums greater than the reported Ksh.7.4 billion worth of the demonetized Ksh.1000 notes, financ...
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Kenyans break ‘last minute’ stereotype as deadline for old Ksh.1K notes closes
By Kepha Muiruri,
2016, September 30, 2019 (EAT)
Commercial Banks registered average to routine operations on Monday as the window to change over to the new currency Ksh.1000 notes came to a close. ...
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Where is the illicit cash? Queries persist on the demonetization success
By Kepha Muiruri,
2112, September 25, 2019 (EAT)
Revelations by the Central Bank of Kenya (CBK) on the collected sums of the old generation Ksh.1000 notes have served to raise more questions than ans...
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Businesses break off use of old Ksh.1000 notes days to Oct 1 deadline
By Kepha Muiruri,
1945, September 23, 2019 (EAT)
Consumers looking to transact in the old series Ksh.1000 note face the risk of rejection by businesses as many of the enterprises dissociate themselve...
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‘Cucu still has old Ksh.1K bundles from last Christmas’, Mwalimu Churchill on CBK deadline
By Citizen Reporter,
1050, September 13, 2019 (EAT)
The Central Bank of Kenya is advising Kenyans to check on their cucu and advise her to exchange her old Ksh.1000 notes before the deadline date. Go...
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Money under mattress? Critics raise concern as CBK deadline for old Ksh.1K notes nears
By Kepha Muiruri,
1443, August 30, 2019 (EAT)
The demonetisation order from the Central Bank of Kenya (CBK) which largely involves removing old series Ksh. 1000 notes from circulation risks closin...
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Central Bank embarks on public awareness campaign for new currency
By Kepha Muiruri,
1234, August 16, 2019 (EAT)
The Central Bank of Kenya (CBK) has kicked off the consumer-awareness campaign to help the public know how to pick out fake new currency notes. Thi...
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‘The print button on my desk is disabled,’ CBK Governor Njoroge says over demonetization
By Kepha Muiruri,
1316, July 27, 2019 (EAT)
The Central Bank of Kenya (CBK) now says that the ongoing circulation of new currency notes will have minimal impact on both inflation and the macroec...
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