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Forget economic growth, focus is on survival – Kenya Bankers Association
By Kepha Muiruri, 1859, April 8, 2020 (EAT)
Bankers through their representation in the Kenya Bankers Association (KBA) have called for the trading of discussion on growth with survival as the C...

coronavirus crisis , economic growth in Kenya
Relief for Kenyans who earn up to Ksh.24K as Uhuru orders cuts to PAYE, VAT
By Kepha Muiruri, 1927, March 25, 2020 (EAT)
President Uhuru Kenyatta has ordered the National Treasury to move to Parliament and implement a raft of changes including relief on employee tax and ...

National Treasury , stimulus , Uhuru kenyatta
CBK cuts base lending, commercial bank reserve rate to cushion economy
By Kepha Muiruri, 1944, March 23, 2020 (EAT)
The Central Bank of Kenya (CBK) has trimmed its base lending rate to 7.25 per cent from 8.25 per cent in January as it seeks to support credit issuanc...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , coronavirus
Shilling drops to lowest level in five months over coronavirus fears
By Kepha Muiruri, 2102, March 17, 2020 (EAT)
The Kenya shilling touched a five-month low in its trading against the US dollar on Tuesday as concerns on the impact of the coronavirus outbreak cont...

Central Bank of Kenya (CBK) , coronavirus , shilling
Kenyan businesses count losses from coronavirus disruptions
By Kepha Muiruri, 1006, March 7, 2020 (EAT)
The majority of Kenyan businesses in the country have tabulated losses from the ongoing coronavirus outbreak at less than Ksh.1 million. This indic...

coronavirus , KEPSA
Gender inclusivity key in attaining food security
By Agencies, 2002, February 25, 2020 (EAT)
In nearly two thirds of the countries worldwide, women are more likely than men to face food insecurity. The differences in gender roles, norms, and r...

food security
Treasury walking on thin-ice in bid to finance 2019/20 budget deficit
By Kepha Muiruri, 1016, January 31, 2020 (EAT)
The National Treasury is walking a tight rope in its quest to finance the 2019/20 budget deficit as it seeks to avoid the issuance of expensive commer...

2019/20 budget , austerity , National Treasury
Standard Chartered recommends further CBR cuts to spur growth
By Kepha Muiruri, 2037, January 29, 2020 (EAT)
The Standard Chartered bank has recommended further cuts to the Central Bank Rate (CBR) to sustain momentum in Kenya’s economic recovery path in 202...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , Standard Chartered
Banks cut bad loans to 12 per cent in crackdown on defaulters
By Kepha Muiruri, 1934, January 29, 2020 (EAT)
Commercial banks have aggressively gone after loan defaulters trimming their gross performing loans exposure to 12 per cent at the end of December. ...

Banking Sector , CBK , non performing loans (NPLs)
CBK projects double digit growth in loans to private sector
By Kepha Muiruri, 2028, January 28, 2020 (EAT)
The Central Bank of Kenya (CBK) expects bank loans to the private sector to eclipse the double digit confidence ceiling in 2020 buoyed by a progressiv...

Central Bank of Kenya (CBK) , Interest Rates , private sector credit
Central Bank lowers base lending rate from 8.50% to 8.25%
By Kepha Muiruri, 1920, January 27, 2020 (EAT)
The Central Bank of Kenya (CBK) has once again lowered the benchmark lending rate in a move it says is aimed at supporting economic activity. In ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
CBK expected to hold its base lending rate
By Kepha Muiruri, 2052, January 23, 2020 (EAT)
The Central Bank of Kenya (CBK) is expected by large to hold its base lending rate at 8.5 percent in observation of the translation of its last policy...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
Treasury admits to intangible economic growth returns to Kenyans
By Kepha Muiruri, 2129, January 15, 2020 (EAT)
The National Treasury has admitted to lack-lustre economic growth by conceding to Kenyans' feelings of intangible growth in recent years. According...

CS Ukur Yatani , GDP , National Treasury
Experiment on interest rate caps perhaps the worst policy decision in Kenya’s history: study
By Kepha Muiruri, 952, January 15, 2020 (EAT)
Small and Medium Enterprises (SMEs) missed out on average Ksh.300 billion in credit/loans from commercial banks on each year that followed the placing...

CBK , ICEA Lion Asset Management , interest rate caps , private sector credit
Bank stocks set to drive NSE Bull Run
By Kepha Muiruri, 2002, January 13, 2020 (EAT)
The large capped banking sector stocks are set to drive the recovery in stock valuations at the Nairobi Securities Exchange (NSE) with analysts holdin...

Kenyan banks , Nairobi Securities Exchange (NSE) , NASI
Commercial bank loans expected to shape economy in 2020 – Report
By Kepha Muiruri, 1848, January 13, 2020 (EAT)
The filtering in of new loans into the economy is expected to shape growth prospects across the year following the freeing up of credit terms under th...

2020 economic outlook , Cytonn Investment , Kenya's GDP growth rate
2019 review: Interest caps fall at second attempt
By Kepha Muiruri, 757, December 31, 2019 (EAT)
In a seemingly last ditch attempt to salvage the economy off interest cap hurdles, the National Treasury through the then Cabinet Secretary Henry Roti...

CBK , interest rate caps , National Treasury
Study confirms fears of falling incomes for majority of Kenyans
By Kepha Muiruri, 853, December 18, 2019 (EAT)
A recent study has confirmed fears of a steep fall in disposable incomes for Kenyans. This means that spending in the two month cycle is expected t...

holiday shopping , Kenyan economy , Retail Traders Association of Kenya (RETRAK)
Gov’t SME targeted interventions fail to hit home
By Kepha Muiruri, 1929, December 11, 2019 (EAT)
The State-initiated interventions targeted at micro, small and medium enterprises (MSMEs) have failed to gain much ground as the sector’s regulatory...

Kenya Private Sector Alliance (KEPSA) , SMEs in Kenya
Bank refusals push SMEs to expensive mobile loans
By Kepha Muiruri, 1116, December 7, 2019 (EAT)
Small and medium enterprises (SMEs) are relying on mobile loans for funding more than ever before as banks shun credit issuance to the micro-business....

credit crunch , mobile loans , smes