COVID-19 cuts 912 Kenyans from dollar millionaires list: Report

By Kepha Muiruri,

COVID-19 related disruptions have cut 912 Kenyans out of the dollar millionaires club according to a new Wealth Report by consultancy firm Knight Fran...

COVID-19 , dollar millionaires , Knight Frank Wealth Report 2020

Protests in Kisii over change in Mzee Simeon Nyachae’s funeral venue

By Chrispine Otieno,

Residents from Nyanturago in Kisii County on Thursday staged a demonstration against decision to move Mzee Simeon Nyachae's funeral venue. Also Rea...

Nyachae

Speculative buyers hit in property & land prices cooldown

By Kepha Muiruri,

COVID-19 related disruptions in real estate have halted returns to speculative buyers with property and land prices closing 2020 on a cool down. Ac...

Architectural Association of Kenya (AAK) , COVID-19 , HassConsult , property prices , real estate in Kenya

Kenya’s economy slumped into recession after 18 years in September

By Kepha Muiruri,

The Kenyan economy sunk to its first recession after exactly 18 years in September 2020 with gross domestic product (GDP) falling by 1.1 per cent in t...

Kenya National Bureau of Statics (KNBS) , Kenyan economy , recession

Loan defaults hit a Ksh.432B high even as banks restructure Ksh.1.63T in payments

By Kepha Muiruri,

Loan defaults have hit a high Ksh.432 billion in spite of banks restructuring payments on loans amounting to Ksh.1.63 trillion by the close of 2020. ...

Central Bank of Kenya (CBK) , loan defaulting , non performing loans (NPLs)

NSE hunts elusive IPO as market conditions improve

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) will be seeking an end to a five year dry spell which has seen it go without a listing by initial public offer (...

nse

OPINION: Sex education the perfect pill to cure rampant teen pregnancies

By Guest Writer,

By Serah Kamau As learners troop back to school after a nine-month break thanks to the Covid-19 outbreak, hundreds of girls will remain at home bec...

sex education , teen pregnancies

32pc of Kenyans likely to change homes following COVID-19: report

By Kepha Muiruri,

About one third of Kenyans or three out every 10 have indicated plans to change homes following the advent of the COVID-19 pandemic. Also Read: ‘...

coronavirus , COVID-19 , Knight Frank , mortgage , real estate in Kenya

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

Melania Trump ‘just wants to go home’

By CNN,

In mid-November, as President Donald Trump railed against the election results, his wife, first lady Melania Trump publicly agreed with his sentiments...

Biden , melania , Trump

EABC urges East Africa partner states to market region as single investment destination

By Citizen Reporter,

The East African Business Council (EABC) is urging East Africa Partner States to harmonise investment incentives and market East Africa as a single in...

EABC , EAC , nesbitt

Business tycoon Humphrey Kariuki cleared over tax evasion case

By Citizen Team,

Humphrey Kariuki has been acquitted in the Ksh 7.4 million tax evasion case after the Director of Public Prosecution failed to produce witnesses. ...

Humphrey Kariuki , tax evasion

Westlands – Parklands best performing node with higher rental yields: report

By Citizen Reporter,

Westlands - Parklands was the best performing node, recording an average rental yield of 6.1%, according to a report from Cytonn Real Estate. This ...

Kilimani , Parklands , Westlands

Banks loan restructures hit Ksh.1.4T in October

By Kepha Muiruri,

Local banks have now restructured Ksh.1.38 trillion in customer loan repayments as part of relief measures passed on to borrowers over COVID-19 relate...

banks , Central Bank of Kenya (CBK) , coronavirus , COVID-19

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)

Online commerce drives down returns for retail investors

By Kepha Muiruri,

Retail real estate investors have marked a further contraction in yields this year owing largely to the accelerated growth of e-commerce under the COV...

Cytonn Real Estate , e-commerce , retail in Kenya

Kenya’s real estate sector rebounds as housing prices end months of decline

By Kepha Muiruri,

The price of houses advertised for sale have rebounded ending months of depreciation in what is a marker for a potential restart in Kenya’s real est...

COVID-19 , Hass Consult , Real Estate

49 percent of ‘rich’ Kenyans fall behind loan repayments

By Kepha Muiruri,

Nearly half of all Kenyans with a stable financial footing have fallen behind their loan repayments revealing the extent of the economic distress in t...

COVID-19 , debt , Kenya Bankers Association (KBA)

OPINION: Why affordable housing is a game changer

By Guest Writer,

Home ownership in Kenya has generally been reserved for wealthy individuals with considerable disposable income and for bankers who have access to loa...

Shopping malls in Kenya seethe as major retailers fold

By Kepha Muiruri,

Shopping malls in Kenya are seething from the folding of a number of supermarkets from which they greatly rely on for customer footfall and tenants. ...

shopping malls , supermarkets