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More on Tag: Finance
11 Feb 2022
GFANZ: Change Climate Finance to Fund Climate Action
The Glasgow Financial Alliance for Net Zero (GFANZ) has its sights set on becoming the biggest financial catalyst for climate ambition and action. The Alliance has only three financial institutions fr...
4 Feb 2022
4th February 2022 Trade & Financial Services Round Up
KENYA Firms slow down on hiring for first time in nine months Kenyan firms in January slashed expenditure on workers for the first time in nine months, citing a sharp fall in sales compared with Dec...
4 Feb 2022
What you need to know about unclaimed financial assets
Recent media revelations paint a shocking picture of vast amounts of unclaimed assets that lie idle despite Kenyans going through a tough economic season. According to the media reports, the amount of...
28 Jan 2022
28th January 2022 Trade & Financial Services Round Up
KENYA Treasury to pay part of defaulted mobile phone loans The Treasury will guarantee mobile phone loans given to small traders in a bid to increase supply of credit under a scheme where the State wi...
21 Jan 2022
21st January 2022 Trade & Financial Services Round Up
KENYA Banks risk Sh27bn as mortgage, matatu loan defaults jump 60pc Car and homeowners defaulted on loans totalling Sh27.8 billion in the 12 months to September last year, giving a peek into the night...
21 Jan 2022
Central Bank of Kenya Diaspora Remittances Survey 2021
This week, the Central Bank of Kenya released the results of the first-ever Diaspora Remittances Survey (the “Survey”). The Survey was conducted between March and May 2021 by the Central Bank of K...
14 Jan 2022
14th January 2022 Trade & Financial Services Round Up
KENYA Disquiet as State fails to pay oil subsidy billionsThe government has defaulted on fuel subsidy billions that continue to be paid under a cloud of secrecy, sparking disquiet among the oil market...
7 Jan 2022
7th January 2022 Trade & Financial Services Round Up
KENYA Bond transactions rise to record Sh956 billion The flight to fixed-income investments in the Covid-19 pandemic period swelled transactions in bonds at the Nairobi Securities Exchange (NSE) to a ...
17 Dec 2021
17th December 2021 Trade & Financial Services Round Up
KENYA Oil companies to get Sh8bn for unchanged fuel prices The State will pay oil marketers an estimated Sh8.12 billion ($71.8m) for keeping fuel prices unchanged in the monthly review that will...
10 Dec 2021
10th December 2021 Trade & Financial Services Round Up
KENYA Kenya paid China Sh29bn to ease debt repayment standoff Kenya wired Sh29.86 billion ($264.4 million) to China in the quarter to September 2021 to ease a standoff over debt repayments that delaye...
10 Dec 2021
Another contest on the way in new anti-money laundering Bill
The balance between the protection of the right to privacy and enforcing anti-money laundering laws will once again come to the fore as Parliament works to seal loopholes in the current legal framewor...
3 Dec 2021
Effects of Government Domestic Borrowing to Private Sector Investment in Kenya
By: John Mburu The EGCL Institute recently conducted a study on the impact that Government domestic borrowing has on private sector investment in Kenya. In summary, the study established that Governme...
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