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Trade and Financial Services Round Up
Latest Article 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 by their offshore counterparts in the market even as investment conditions improved abroad. Market data shows that local investors have accounted for 59% of all traded turnover […]...
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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...
20 Sep 2024
Trade and Financial Services Round Up
Kenya Adani seeks KSh635bn from Kenyans for power lines, substations India’s Adani Group will seek KSh634.7 billion ($4.92 billion) from Kenyans over the next 30 years for building high-voltage powe...
13 Sep 2024
Trade and Financial Services Round-Up
Kenya Kenya’s imports from China surge to KSh258 billion amid SGR orders Kenya’s imports from China rebounded significantly in the past six months ending June 2024, marking the fastest gro...
8 Sep 2024
Trade and Financial Services Round-Up
Kenya How ministries spent KSh 27 billion on lavish travel A new report by the Controller of Budget (COB) has exposed how ministries spent KSh 27 billion on foreign travel despite State House directiv...
30 Aug 2024
Trade and Financial Services Round Up
Kenya NSE banks’ deposits expense rises 54p as rate hits 1998 level Kenyan banks listed on the Nairobi Securities Exchange (NSE) paid depositors Sh117.1 billion in the six months ended June 2024...
23 Aug 2024
Trade and Financial Services Round Up
Kenya State reduces cut on sugarcane prices amid farmers’ boycott threats The State has now set the national average price of sugarcane delivered to millers at KSh5,000 per tonne for August, walking...
16 Aug 2024
Trade and Financial Services Round Up
Kenya Kenya’s new food tax risks trade spat with Tanzania A new food import levy imposed by Kenya’s crops regulator risks triggering a fresh standoff between Kenya and Tanzania amid protests b...
2 Aug 2024
Trade and Financial Services Round-Up
Kenya Centum buys UK fund’s 37.5% stake in Akiira Geothermal Centum Investment Company has bought out a UK renewable energy fund from Akiira Geothermal Limited, doubling its stake to 75% ...
25 Jul 2024
Trade and Financial Service Round-Up
Kenya 9 in 10 Kenyans Oppose Tax Hike on Petroleum Products – Survey A survey in which 2,400 Kenyans were interviewed found that only three out of 10 support raising tax revenues to reduce go...
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