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More on Trade and Financial Services Round Up
5 Jun 2023
Trade and Financial Services Round-Up
KENYA CBK clears 33 banks for risk-based loans The Central Bank of Kenya (CBK) has given the nod to 33 out of 39 commercial banks to implement lending to customers based on their risk profile. Riskier...
29 May 2023
Trade and Financial Services Round-Up
KENYA Economists cut Kenya’s growth outlook Global economists have marginally downgraded Kenya’s growth outlook for 2023, citing below-average rainfall, and a weakening shilling amid lingering thr...
22 May 2023
TRADE AND FINANCIAL SERVICES ROUND-UP
Kenya Railway levy cuts save taxpayers Sh3.6 billion Taxpayers will save about Sh3.6 billion every year following the proposal to reduce Railway Development levies contained in the new Finance Bill. T...
15 May 2023
TRADE ROUNDUP
KENYA M-Pesa deepens share in Safaricom revenue as voice stutters The share of M-Pesa in Safaricom mobile service revenue has deepened to 41.5 percent as earnings from voice and text messaging came un...
24 Mar 2023
SRC raises President Ruto’s CASs pay to Sh780,000 in new review
Kenya SRC raises President Ruto’s CASs pay to Sh780,000 in new review The new chief administrative secretaries (CASs) will be earning more than principal secretaries after the Salaries and Remunerat...
17 Mar 2023
Taxpayers’ burden of keeping Kenya Kwanza CASs in office
Kenya Taxpayers’ burden of keeping Kenya Kwanza CASs in office Kenyan taxpayers will spend more than half a billion shillings annually on salaries and benefits for the 50 Chief Administrative Secret...
10 Mar 2023
City Hall turns to Safaricom for revenue collection
Kenya City Hall turns to Safaricom for revenue collection Safaricom has inked a two-year deal with City Hall to offer a payment platform for Nairobi County services in a move set to lower pilferages i...
3 Mar 2023
President Ruto clips CS Mutua wings in foreign policy shift
Kenya President Ruto clips CS Mutua wings in foreign policy shift President William Ruto’s government has announced a major shift in the country’s foreign policy by allowing other countries and th...
3 Feb 2023
3rd February Trade and Financial Services Round Up
Kenya EPRA reveals second plan to increase cost of power The Water Resources and Management Authority (WARMA) is the latest State entity to seek a bigger pie of the electricity bills in what looks set...
27 Jan 2023
27th January 2023 Trade and Financial Services Round Up
Kenya Banks’ Sh224bn record profits signal bonus, dividends boom Banks’ pre-tax profits for 11 months to November last year hit a record Sh223.7 billion on increased lending, setting the stage for...
20 Jan 2023
20th January 2023 Trade and Financial Services Round Up
Kenya Users allowed to sue Safaricom over clients’ bank details access The High Court has allowed millions of Safaricom subscribers to join a class action suit against the telecoms operator ...
13 Jan 2023
13th January Trade and Financial Services Round Up
Kenya State bursts recurrent budget forecast by Sh81.7bn President William Ruto’s administration projects expenditure for the day-to-day running of the government is Sh81.7 billion more than what th...
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