Today is Mon, 24 Mar 2025
Trade and Financial Services Round Up
Latest Article 21 Mar 2025
Trade and Financial Service Round-Up: Issue No. 10 of 2025
KENYA Stan-Chart to pay record Sh14bn final dividend as profit soars Standard Chartered Bank Kenya is to pay a record dividend of Sh13.9 billion after posting a 45 per cent jump in its full-year profit to Sh20.1 billion for the period ended December 2024. The bank has declared a dividend of Sh37 per share, taking […]...
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14 Mar 2025
Trade and Financial Service Round-Up: Issue No 9 of 2025
KENYA CBK in talks with lenders to alter loan cost models Commercial banks are in talks with the Central Bank of Kenya (CBK) to overhaul their loan pricing models and develop a common base lending rat...
7 Mar 2025
Trade and Financial Services Round-Up: Issue No. 8 of 2025
Kenya Saccos break audit rules over KUSCCO fraud losses Savings and Credit Cooperative Societies (Saccos) in Kenya are violating a global accounting rule that requires them to fully book losses linked...
28 Feb 2025
Trade and Financial Services Round-Up: Issue No. 7 of 2025
Kenya Kenya pushes full control of the SGR operations to December The Kenya Railways Corporation (KRC) now expects to assume full control of the Standard Gauge Railway (SGR) from the Chinese firm Af...
21 Feb 2025
Trade and Financial Service Round-Up: Issue No 6 of 2025
KENYA Banks fight KRA link amid customer data leak worries Banks have blocked the push by the Kenya Revenue Authority (KRA) to integrate its system with theirs amid fears that the taxman could access ...
14 Feb 2025
Trade and Financial Services Round-Up: Issue No. 5 of 2025
Kenya Treasury approves valuation of assets under a new reporting system The National Treasury has approved the valuation of all assets that Kenya owns as part of an ongoing process to shift the gover...
7 Feb 2025
Trade and Financial Service Round-Up: Issue No 4 of 2025
Kenya MPC cuts key rate to 10.75% to spur growth The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) decided to lower the Central Bank Rate (CBR) by 50 basis points to 10.75 percent...
31 Jan 2025
Trade and Financial Service Round-Up: Issue No. 3 of 2025
Kenya Moody’s upgrades Kenya’s rating outlook to positive Moody’s Ratings has changed the Government of Kenya’s outlook from negative to positive and affirmed the local and foreign-currency ...
24 Jan 2025
Trade and Financial Service Round-Up: Issue No 2 of 2025
Kenya Bank CEOs, directors face suspension in new anti-terror finance plan Executives and board members of financial institutions, including commercial banks, may be removed from office as the governm...
17 Jan 2025
Trade and Financial Service Round-Up: Issue 1 of 2025
Kenya Banks pump additional Sh135bn to lift Nairobi’s economy Financial institutions pumped an additional Sh135.55 billion into Nairobi’s economy last year, underlining the critical role that ...
13 Dec 2024
Trade and Financial Services Round-Up: Issue 50 of 2024
Kenya Forex reserves projected to grow by Sh288bn on IMF, remittance inflows Kenya’s official foreign exchange reserves are expected to grow by $2.23 billion (Sh288 billion) by the end of th...
6 Dec 2024
Trade and Financial Services Round Up
Kenya Parliamentary Committee agrees on Banks’ plight for extended time to hit Sh10bn minimum capital Banks will have up to eight years to raise their minimum statutory capital to at least Sh10 ...
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