Trade and Financial Services Round Up

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 cash-rich banks and insurance companies play in cementing the city’s position as the richest county in Kenya. The latest Gross County Product (GCP) report published by the Kenya National […]...

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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 ...

29 Nov 2024

Trade and Financial Services Round-Up: Issue 48 of 2024

Kenya Safaricom gets approval for new money market fund Safaricom’s Ziidi Money Market Fund has received approval from the Capital Markets Authority (CMA). The fund will operate in partnership wit...

22 Nov 2024

Trade and Financial Services Round-Up: Issue No. 47 of 2024

Kenya Senators, MPs reach a deal on revenue allocation to counties County governments are set to receive Ksh 387 billion as equitable revenue share raised after the National Assembly Committee and t...

15 Nov 2024

Trade and Financial Services Roundup: Issue 46 of 2024

Kenya Three NSE stocks join Morgan Stanley small-cap index The Morgan Stanley Capital International (MSCI) index has added three NSE counters—Kenya Power, Carbacid Investments Plc, and Bamburi Cemen...

8 Nov 2024

Trade and Financial Services Round Up: Issue 45 of 2024

Kenya Borrowers hit as IMF opposes CBK’s plan to cut cost of loans The International Monetary Fund (IMF) has warned Kenya against a larger interest rate cut despite the fall in inflation to a 17-yea...

31 Oct 2024

Trade and Financial Services Round Up: Issue 44 of 2024

Kenya Kenya Power resumes dividends with Ksh 30B profit Kenya Power and Lighting Company(KPLC) has resumed paying dividends after a six-year hiatus, following a net profit of Ksh 30.08 billion in the ...

25 Oct 2024

Trade and Financial Service Round-Up Vol 43

Kenya Local investor activity climbs at NSE, foreigners retreat Local investors have gained prominence at the Nairobi Securities Exchange (NSE) over the past three months, reflecting reduced activity ...

18 Oct 2024

Trade and Financial Service Round Up: Issue 42 of 2024

Kenya CBK advances fast-payment system for seamless financial interoperability The Central Bank of Kenya (CBK) is advancing the development of a Fast-Payment System (FPS) to enable instant money trans...

11 Oct 2024

Trade and Financial Services Round-Up

Kenya Treasury turns up heat on KRA over leaky revenue systems The Kenya Revenue Authority (KRA) has come under scrutiny over its ability to plug tax leaks while failing to improve its systems and c...

4 Oct 2024

Trade and Financial Services Roundup: Issue 40 of 2024

Kenya Banks offered bond swap as KQ misses Ksh19bn loans deadline Top commercial banks will convert Ksh19.3 billion ($149.9 million) worth of loans advanced to Kenya Airways (KQ) into Treasury bonds a...

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