Treasury to cut funding for gov’t agencies that fail to pay suppliers

By Duncan Mutwiri,

Treasury will stop releasing funds to some government ministries and parastatals until they start paying their suppliers who they reportedly owe billi...

Yattani

CBK boss warns banks against taking advantage of Kenyans

By Kepha Muiruri,

Central Bank of Kenya (CBK) Governor Patrick Njoroge has cautioned banks against side-lining borrowers in the aftermath of the interest rate caps repe...

CBK , KBA

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

Kenya bankers welcome Uhuru repeal on interest rate cap

By Paul Ombati,

Kenya Bankers Association chairperson Joshua Oigara has welcomed the repeal of the interest rate cap which President Uhuru Kenyatta assented to His...

bankers association , oigara

Banks free to set higher interest rates as Uhuru approves Finance Bill

By Kepha Muiruri,

President Uhuru Kenyatta has signed into the law the Finance Bill 2019 giving nod to among other provisions, the free setting of interest rates by com...

Finance Bill 2019 , interest rate caps , KBA

MPs leave Kenyans at the mercy of banks as rate caps fall

By Kepha Muiruri,

Members of Parliament (MPs) have left Kenyans at the mercy of banks on the rate charged on new loans as the interest rate caps fall. In a chaotic v...

The force behind Uhuru’s calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta’s rate interest cap repeal call to Parliament has been enforced, financial allied sector stakeholders now reckon. While ...

interest rate caps , KRA , National Treasury , Uhuru kenyatta

Uhuru sides with banks, calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...

CBK , interest rate caps , KBA , Uhuru kenyatta

Inside Treasury’s fresh public debt management strategy

By Kepha Muiruri,

The National Assembly granted Treasury the green light to move Kenya’s borrowing ceiling to Ksh.9 trillion last Wednesday igniting the planning mini...

IMF , Kenya's public debt , National Treasury , World Bank

Garissa Governor Korane enters Ksh.500M with EU for refugee communities

By Citizen Reporter,

The European Union (EU) has made an initial pledge of Ksh.566 million (€5 million) towards the Garissa Integrated Socio-Economic Development Plan (G...

European union , Garissa County

Over 500 East African entrepreneurs battle it out in 2X Invest2Impact contest

By Girlie Kendi,

Over 500 women from Ethiopia, Kenya, Rwanda, Tanzania and Uganda have so far entered the 2X Invest2Impact competition. The competition is open to a...

2X Invest2Impact challenge , graca machel

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

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

Loss of jobs to automation spells doom for KRA targets

By Kepha Muiruri,

The loss of jobs to automation has spelt doom for the Kenya Revenue Authority (KRA) tax mobilization goal as the country’s economic structure underg...

KRA

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

COMESA heads keen on SME growth in push for intra-regional trade

By Kepha Muiruri,

Heads of State drawn from the Common Market for Eastern and Southern Africa (COMESA) are keen to see the incorporation of small and medium enterprises...

AFCTA , COMESA , smes , Tripartite Agreement

Highest paying jobs in Kenya found in financial services, energy sector

By Faizal Ahmed,

Financial services and the energy sector are the highest paying jobs in Kenya a study from ICEA Lion has revealed. Between 2014 and 2018, financial...

highest paying jobs in Kenya , ICEA LION , job interview

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

Budget 2019: Treasury misses the mark, no relief for Kenyans

By Kepha Muiruri,

Treasury CS Henry Rotich's presentation on the financing of the 2019/20 budget estimated at Ksh.3.02 trillion has missed its mark in providing any sub...

2019 budget , capital gains tax , Henry Rotich , National Treasury , sin tax

Rotich to table Ksh.3T budget amidst discontent over Kenya’s growing debt

By Kepha Muiruri,

Treasury CS Henry Rotich is expected to table the State’s Ksh.3.02trillion budget projections on Thursday afternoon. He will be bringing the gove...

budget , Henry Rotich , National Treasury