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Trade and Financial Services Round Up
Latest Article 17 Apr 2025
Trade and Financial Services Round Up
KENYA Central Bank, Treasury approve NBK’s acquisition by Access Bank The Central Bank of Kenya (CBK) and the National Treasury have approved the acquisition of KCB Group’s National Bank of Kenya (NBK) by Access Bank PLC. “As part of the transaction, CBK, on April 4 2025, further approved the transfer of certain assets and liabilities […]...
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11 Apr 2025
Trade and Financial Service Round-Up Issue No. 13 of 2025
KENYA CBK sees Kenya exports drop as Trump tariffs take effect The Central Bank of Kenya (CBK) has termed the impact of U.S. President Donald Trump’s 10 per cent tariff on Kenyan exports immater...
4 Apr 2025
Trade and Financial Service Round-Up: Issue No. 12 of 2025
Kenya 14 Banks Defy CBK Order to Reduce Cost of Loans Only five out of Kenya’s 38 banks have lowered lending rates to match the reduction of the benchmark rate by the Central Bank of Kenya (CBK) at ...
28 Mar 2025
Trade and Financial Service Round-Up: Issue No. 11 of 2025
Kenya Why Banks Are Seeking Overhaul of Loan Pricing Models Banks are in talks with the Central Bank of Kenya (CBK) for an overhaul of their loan pricing models amid concerns that they are not cutting...
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 profi...
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 ...
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