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Trade and Financial Services Round Up
Latest Article 13 Jun 2025
Trade and Financial Service Round-Up: Issue 22 of 2025
Kenya CBK Cuts Benchmark Rate, Revises 2025 GDP Growth The Central Bank of Kenya Monetary Policy Committee (MPC) has lowered its benchmark interest rate by 25 basis points to 9.75%, returning it to single digits for the first time since May 2023. This move signals the continuation of the CBK’s monetary easing cycle to boost […]...
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5 Jun 2025
Trade and Financial Service Round-Up: Issue No. 21 of 2025
KENYA Equity Group Pushes Back on DRC’s Local Stake Requirement Equity Group has sought an exemption from a rule in the Democratic Republic of Congo (DRC) that requires the lender to sell a 30 per c...
30 May 2025
Trade and Financial Service Round-Up: Issue 20 of 2025
Kenya KRA Faces Class Action Suit Over Freezing of VAT Returns Over 5,000 businesses have taken KRA to court to challenge a decision that’s crippled their operations. Last month, the tax authority p...
23 May 2025
Trade and Financial Services Round-Up: Issue No. 19 of 2025
Kenya As Defaulters Vanish, State Seeks Another Sh5 bn for Hustler Fund The government is seeking an additional Sh5 billion for the Hustler Fund, even as nearly Sh6 billion in disbursed loans remain u...
16 May 2025
Trade and Financial Service Round Up: Issue No. 18 of 2025
KENYA Petrol, diesel, and Kerosene prices to remain unchanged in EPRA’s May review The prices of super petrol, diesel, and kerosene will remain unchanged in the latest review by the Energy and P...
9 May 2025
Trade and Financial Service Round-Up: Issue No. 17 of 2025
KENYA Kenya makes first direct appeal for Trump’s 10pc tariff reversal Kenya has made a formal direct appeal to the United States to reverse the 10 per cent tariff on exports, preserving duty-free...
2 May 2025
Trade and Financial Services Round-Up: Issue No. 16 of 2025
Kenya Nigeria hunts four Kenyans over CBEX crypto breach Nigeria’s Economic and Financial Crimes Commission (EFCC) has launched a manhunt for four Kenyans linked to a Crypto Bridge Exchange (CBEX)...
25 Apr 2025
Trade and Financial Service Round-Up: Issue No 15 of 2025
Kenya EPRA sets LPG dealer limit at 30,000 cylinders in new rules EPRA has mandated that investors have a minimum of 30,000 cylinders as a prerequisite for a liquefied Petroleum Gas (LPG) dealersh...
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 ...
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...
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