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More on Trade and Financial Services Round Up
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...
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...
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