BWIRE: Solar energy is the option to lighting Kenya

By Victor Bwire,

By Victor Bwire Players in the solar energy sector are raising challenges in the industry that government needs to relook as a matter of priority. ...

Banking staff to get 6% pay raise in new CBA

By Kepha Muiruri,

Bank employees are set to receive a six percent raise on their salaries following a new agreement between the Banking, Insurance and Finance Union (BI...

BIFU , CBK , KBA

MPs take hard line stand as interest rate capping debate returns

By Kepha Muiruri,

Members of Parliament have turned a deaf ear to the proposed repeal of interest rate caps on commercial bank lending. While banks have recently joi...

interest rate caps , KBA , private sector credit

Banks holding more money than ever before as Kenyans suffer empty wallets

By Kepha Muiruri,

Combined, commercial banks are now holding more cash reserves than ever before even as the private sector languishes in a cash-crunch strangle hold. ...

CBK , Kenya Bankers Association (KBA)

Experts warn of inflation risks despite price cool down

By Kepha Muiruri,

Experts have warned of downward risks from inflation in spite of a significant cool down in the growth of consumer prices in recent months. Food-fu...

CBK , consumer prices in Kenya , Inflation , National Treasury

Gov’t order on payment of pending bills yet to impact businesses – Survey

By Kepha Muiruri,

Local firms are yet to register gains from the recent order by President Uhuru Kenyatta on the clearance of pending bills, a new survey shows. Acco...

demand , Inflation , Stanbic Bank PMI

MWANGI: Low saving rates a factor in Kenya’s economic slowdown

By Citizen Reporter,

By Kevin Mwangi Things are looking bleak for the Kenyan economy and it is expected to continue facing challenges of increased debt servicing burden, ...

Amana Capital , economy , GDP , World Bank

Banks profitability heading for the rocks, KBA warns

By Kepha Muiruri,

Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...

CBK , interest caps , Kenya Bankers Association

Sponsored: How Zenka Finance became the most preferred non- banking platform in Kenya

By Sponsored,

The digital lending market in Kenya has been expanding rapidly since the world's first digital credit solution was launched. Soon, it became the domin...

Fintech businesses , Non-banking platform , Zenka Finance

Banks ask parliament to revise interest rate capping law

By Kepha Muiruri,

Commercial Banks now say if parliament will not repeal the interest rate capping law, it should at least widen the capping band to allow flow of credi...

CBK , interest rate caps , Kenya Bankers Association , National Treasury

Equity Bank half year net profit hits Ksh.12 billion

By Kepha Muiruri,

Equity Group has announced a nine percent increase in net profit for the first six months of 2019 to Ksh.12 billion. The lender’s notable surge i...

Dr. James Mwangi , equity bank , Equity Group

‘The print button on my desk is disabled,’ CBK Governor Njoroge says over demonetization

By Kepha Muiruri,

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...

Central Bank of Kenya (CBK) , demonetization , new notes , patrick njoroge

CBK leaves benchmark rate at 9 percent as economy holds steady

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained its lending rate to commercial banks for the eighth consecutive time to reflect on the stability of the c...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , Inflation , kenyan shilling

Real estate brokers ease fears of sector crashing even as property prices fall

By Kepha Muiruri,

Developers in the real estate industry have quelled fears of an impending crash to one of Kenya’s key economic segment even as property prices remai...

Cytonn Real Estate , Hass Consult , Knight Frank , real estate in Kenya , Regent Group

How the rate cap sparked change to an ‘indisciplined’ financial sector

By Kepha Muiruri,

The interest rate cap has brought a substantial level of positive change to the financial sector this in spite of its well documented regressive effec...

Central Bank of Kenya , interest rate cap law , Jude Njomo , Kenya Bankers Association , National Treasury

BWIRE: Why Africa must face climate change head on

By Citizen,

By Victor Bwire Accelerated effects of climate change including prolonged droughts are taking a toll on the economies of people in the Great Horn o...

CBK retains lending rate at 9 percent

By Kepha Muiruri,

Central Bank’s Monetary Policy Committee (MPC) has for the sixth time running kept the effecting lending rate at 9 percent signaling a wait-and-see ...

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

KURA in new Ksh.13.2B deal to revive stalled roads plan

By Kepha Muiruri,

Kenya Urban Roads Authority (KURA) has closed a Ksh.13.2billion deal for road construction in Western and Central Kenya. The two Private Public Par...

James Macharia , Kajiado-Imaroro road , KURA , Ngong-Kiserian-Isinya road

Corruption, payment delays stifle Kenyan manufacturers – survey

By Reuters,

Kenyan manufacturers are largely operating below capacity and say economic growth prospects are dim due to a cash crunch, drought and corruption, a su...

corruption , Kenyan manufacturers

Exclusive: Gold worth billions smuggled out of Africa

By Reuters,

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to m...