KENYA Kenya’s Q1 food import bill rises 58.4pc to Sh80 billion Kenya’s food import bill in the first quarter of the year rose 58.4 percent to hit Sh80.2 billion, nearly matching what was fetched f...

Kenya Kenyans default on Sh83bn bank loans in 4 months Borrowers have defaulted on an extra Sh82.9 billion in bank loans in just four months, signalling the economic struggles that have seen the share...

KENYA Kenya sees the shilling falling to the 150 mark against the dollar next June The government is projecting the shilling could weaken further to 150.76 by the time it repays its debut Eurobond in ...

KENYA Kenyans abroad to buy bonds via mobile in a month Kenya will roll out an electronic over–the–counter trading platform for government securities, enabling investors to start buying and sellin...

Kenya Kenyans abroad avoid banks on sending money home Kenyans living and working abroad increasingly avoided banks when wiring cash home in favour of less costly traditional money transfer methods su...

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...

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...

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...

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...

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...

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...

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...