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More on Trade and Financial Services Round Up
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...
18 Jul 2024
Trade and Financial Service Round-Up
Kenya Absa, Old Mutual launch new insurance for SMEs Absa Bank Kenya and Old Mutual Kenya have launched a joint insurance product targeted at Small and Medium Enterprises (SMEs). The prod...
12 Jul 2024
TRADE AND FINANCIAL SERVICES ROUND-UP
Kenya Nairobi slaps Uganda with fresh hurdle on fuel imports Kenya has thrown a fresh hurdle on Uganda’s direct fuel import scheme, doubling the bond fee for imported consignments destined fo...
23 Jun 2024
TRADE AND FINANCIAL SERVICE ROUND-UP
Kenya Interbank Borrowing Rates dip to 6-month low Interbank lending rates have fallen to a six-month low of 12.922 per cent on reforms initiated by the Central Bank of Kenya (CBK), which are expected...
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