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IMF board approves Ksh.255B loan, initial Ksh.33.5B to be issued in a few days
By Kepha Muiruri,
1031, April 3, 2021 (EAT)
The International Monetary Fund (IMF) has approved a 38-month program which will see Kenya receive a total of Ksh.255.1 billion ($2.34 billion) in loa...
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Kenya to receive Ksh.34.5 billion IMF loan next week: CBK
By Kepha Muiruri,
1546, March 30, 2021 (EAT)
Kenya is expected to receive Ksh.34.5 billion from the International Monetary Fund (IMF) next week. The loan represents the first batch of a $2.4 b...
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Stanbic Bank Kenya extends relief for customer loan repayment
By Kepha Muiruri,
1011, March 10, 2021 (EAT)
Kenyan banks have opted to extend relief on loan repayment terms to customers despite the end of the restructure window by the Central Bank of Kenya (...
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Kenya & IMF reach agreement on Ksh.262.7 billion 3-year loan
By Kepha Muiruri,
2045, February 15, 2021 (EAT)
Kenyan authorities and the visiting team from the International Monetary Fund (IMF) have reached a staff-level agreement on the disbursement of a Ksh....
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Gov’t urged to reinstate COVID-19 relief measures to aid economy
By Kepha Muiruri,
1308, February 4, 2021 (EAT)
Members of the Institute of Certified Investments and Financial Analysts (ICIFA) have called on the government to reinstate relief measures to cover K...
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January inflation rises to 5.69pc as Kenyans brace for tough times
By Kepha Muiruri,
929, January 30, 2021 (EAT)
The rate of inflation has soared again in January to reach 5.69 per cent from 5.62 per cent in December as the pressure piles on consumer spending. ...
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Kenya aims to ‘reconfigure’ external debt, central banker says
By Reuters,
808, January 29, 2021 (EAT)
Kenya’s government aims to “reconfigure” its external debt, its central bank governor said on Thursday, without immediately elaborating. The ...
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CBK warns of a tougher and riskier economic outlook
By Kepha Muiruri,
1825, January 28, 2021 (EAT)
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. ...
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Kenyans abroad sent home a record Ksh.341 billion in 2020
By Kepha Muiruri,
1446, January 16, 2021 (EAT)
Kenyans living and working abroad sent home a record Ksh.341 billion in 2020, growing their remittances by 10.7 per cent from Ksh.308 billion in 2019....
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2020 review: Millions mark end of the year in economic despair
By Kepha Muiruri,
913, December 31, 2020 (EAT)
Like any other year, the start of 2020 was premised on high hopes for better fortunes and tidings by Kenyans with many coining the unofficial phrase ...
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Shilling remains in free fall as it crosses Ksh.111 mark against the dollar
By Kepha Muiruri,
1321, December 4, 2020 (EAT)
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...
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Banks put on the spot for mimicking ‘rogue’ digital lenders
By Kepha Muiruri,
1733, December 2, 2020 (EAT)
Commercial banks have been put on the spot for resembling digital lenders by saddling Kenyans with exorbitant mobile loans. This is as the traditio...
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Senators call for stricter measures on digital lending apps
By Edwin Obuya,
1517, December 1, 2020 (EAT)
The Senate is now calling for stricter measures on digital lending applications that they say are milking Kenyans dry. The Finance and Budget Commi...
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Kenyan farmers and young guides enlisted to protect city forests
By Reuters,
1440, November 30, 2020 (EAT)
Peter Wainana remembers when the forest near his home outside Kenya’s capital, Nairobi, was so thick with trees and vegetation it was difficult to w...
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Kenya shilling slips past 110 mark
By Kepha Muiruri,
1655, November 27, 2020 (EAT)
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. ...
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Kenya seeks three and a half year access to IMF emergency loans
By Kepha Muiruri,
1054, November 21, 2020 (EAT)
Kenya is in deep talks with the International Monetary Fund (IMF) over the access of emergency bail out loans over the next three and a half years, th...
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Bank jobs on the line as COVID-19 wreaks havoc on industry
By Kepha Muiruri,
1039, November 16, 2020 (EAT)
Bank jobs are now on the line as institutions in the industry trim costs to weather the economic impact resulting from the COVID-19 pandemic. Simil...
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CBK unveils its fourth currency centre in Kisii
By Kepha Muiruri,
1717, October 21, 2020 (EAT)
The Central Bank of Kenya (CBK) has launched its fourth currency centre in Kisii town. The new centre is expected to support the reserve bank’s c...
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CRB listings return as the State sanctioned suspension ends
By Kepha Muiruri,
1056, October 1, 2020 (EAT)
Commercial banks and other lending institutions are set to resume listing loan defaulters effective Thursday with Credit Reference Bureaus (CRB) as th...
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President Kenyatta: Economy doing far better than anticipated in spite of COVID-19
By Kepha Muiruri,
1807, August 26, 2020 (EAT)
President Uhuru Kenyatta now says the economy is performing far much better than anticipated in spite of a general slump triggered by the COVID-19 pan...
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