Nairobi hotels hardest hit in hospitality sector woes

By Kepha Muiruri,

Hotels in Nairobi have been hit the hardest as the hospitality sector struggles to crawl out of effects resulting from the COVID-19 pandemic. This ...

COVID-19 , Hotels

Private sector activity hits 3-month high on further restrictions ease

By Kepha Muiruri,

Activity by Kenya’s private sector hit a three-month high in January as players continue to profit from a further ease to COVID-19 restrictions. ...

private sector , Stanbic PMI

CBK keeps the benchmark lending rate at 7% for the sixth time

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has left the benchmark lending rate at seven per cent at its sixth straight policy meeting on Wednesday. In a state...

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

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)

Hotels back to square one as holiday wrap cuts domestic tourism

By Kepha Muiruri,

Local hotels are effectively scheduled for a reset as the end of the Christmas festivities cut off domestic tourism. Kenyans travelling domesticall...

Banks hold back funds discharged from CBK reserves

By Kepha Muiruri,

Commercial banks have held back funds released from the lowering of the Cash Reserve Ratio (CRR) in March by the Central Bank of Kenya (CBK). Accor...

banks , Cash Reserve Ratio (CRR) , CBK , governor patrick njoroge

Shilling remains in free fall as it crosses Ksh.111 mark against the dollar

By Kepha Muiruri,

The Kenyan shilling has remained in a free fall as it crosses a new confidence marker to trade past Ksh.111 mark against the US dollar. The local u...

Central Bank of Kenya (CBK) , Dr. Patrick Njoroge , shilling

Kenya shilling slips past 110 mark

By Kepha Muiruri,

The Kenya shilling slipped past another crucial confidence marker on Friday as it breached the Ksh.110 mark in its valuation against the US dollar. ...

CBK , dollar , shilling

CBK leaves the benchmark rate unchanged at 7% for the fifth time

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has left the benchmark lending rate unchanged at seven percent for the fifth straight time following its policy meetin...

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

Why the CBK isn’t losing any sleep over banks sinking profitability

By Kepha Muiruri,

Banks earnings continue to take a beating from economic disruptions occasioned by the COVID-19 pandemic. This however is merely a secondary concern fo...

Central Bank of Kenya (CBK) , Dr. Patrick Njoroge , Kenya Bankers Association (KBA)

Kenya tipped to escape recession on economic diversity

By Kepha Muiruri,

As the majority of countries fall into recession this year, Kenya has been tipped to escape contraction this year from its broad based economic struct...

Kenya's GDP , recession , World Bank Group

CBK holds the benchmark lending rate at 7%

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has left the benchmark lending rate at seven percent for the fourth consecutive time noting its recent accommodative s...

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

CBK leaves benchmark rate unchanged for third time at 7%

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent for the third straight month. The CBK Monetary Policy Comm...

CBK , CBR

Local firms’ foresee an economic rebound on further restrictions ease

By Kepha Muiruri,

Local enterprises foresee a potential economic rebound should government further ease restriction measures to contain the COVID-19 pandemic. As the...

Central Bank of Kenya (CBK) , COVID-19 , Kenya's economy

CBK holds the benchmark lending rate at 7 percent

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has held its benchmark lending rate for the second time at seven percent, noting continued policy transmission on rece...

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

Hotels laid off 90 percent of staff in April – Survey

By Kepha Muiruri,

Over 90 percent of hotel staff were laid off in April as hotels closed their doors as a result of the COVID-19 pandemic. April’s Monetary Policy ...

Central Bank of Kenya (CBK) , hotels in Kenya , unemployment

60 percent of local businesses to cut jobs in 2020

By Kepha Muiruri,

A majority 60 percent of local firms will cut jobs this year owing to the hardships brought forward by the COVID-19 pandemic. According to the Cent...

Central Bank of Kenya (CBK) , unemployment in Kenya

CBK leaves benchmark lending rate at 7 percent

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent breaking the recent cycle of cuts to support the economy. ...

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

CBK mulls Ksh.100B plan to cushion SMEs against pandemic

By Kepha Muiruri,

The Central Bank of Kenya (CBK) says it is working with member banks on a scheme to cushion micro, small and medium enterprises (MSMEs) against shocks...

CBK , COVID-19 , smes

CBK cuts base lending rate to 7% as banks release Ksh.15.3B in Covid-19 support loans

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has cut the base lending rate to 7 percent from 7.25 percent in a bid to support further liquidity in the wake of a we...

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