KENYA Payment of external debt nearly doubles in 6 months to Dec Repayment of principal sums owed to external lenders for six months through December 2020 nearly doubled in the lead-up to Treasury’s...

KENYA City Hall seeks new terms for Sh4.5 billion KCB loan City Hall has revealed plans to restructure a Sh4.45 billion KCB Group loan in a bid to end a legal showdown with the lender and avoid proper...

KENYA Tech firm to set up regional data hub in Nairobi Kenya’s data centre market has a new suitor after Europe-based IXAfrica launched plans to build its ‘Africa Campus’ in Nairobi. IXAfrica ch...

The World Bank has named Senegalese national Makhtar Diop as the new managing director of its private sector arm, the International Finance Corporation effective March 1 2021. He becomes the first Afr...

KENYA Safaricom biggest winner in Sh1.6bn network upgrade Giant telecommunications firm, Safaricom is among five firms that have been awarded a Sh1.57 billion deal to build base transceiver stations t...

KENYA Jambo Pay obtains licence to operate MVNO service Online payments company Jambo Pay, owned by Web Tribe, has obtained a licence to operate an MVNO service, and says that its initial services wil...

KENYA Monetary Policy Committee (MPC) retain the Central Bank Rate (CBR) at 7 %  The Monetary Policy Committee (MPC) met on January 27, 2021and assessed the outcomes of its policy measures deploy...

KENYA Banks sucked into Sh24.5bn State stipends row The State Department for Social Protection has failed to account for Sh24.5billion stipends disbursed to the elderly, the disabled and orphans acros...

KENYA Anne Mwenda sworn-in as Nairobi deputy governor Anne Mwenda was on Friday sworn-in as Nairobi County’s third deputy governor following a swift confirmation process by ward representatives ...

KENYA The Central Bank of Kenya (CBK) has been developing the National Payments System (NPS) Vision and Strategy. The vision and strategy document has been developed on a consultative basis, with the ...

KENYA Expiry of Emergency Measures to Facilitate Mobile Money Transactions and the Introduction of Principles to Guide Pricing On December 17, 2020 the Central Bank of Kenya (CBK) after consulting wit...

KENYA Treasury bonds trade falls as CBK mops up shilling The value of bonds traded in the secondary market at the Nairobi Securities Exchange fell by a fifth in November compared to October, as invest...