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More on Tag: Finance
3 Dec 2021
3rd December 2021 Financial and Trade Services Round Up
KENYA Shilling hits all-time low of 112.5 to dollar The shilling has declined to a new all-time low of 112.5 against the dollar as importers increase demand for the greenback with the economy recoveri...
26 Nov 2021
26th November 2021 Financial & Trade Services Round Up
KENYA Shilling weakens further on rising dollar demand The shilling ceded further ground to the dollar Wednesday, November 24, trading at a new low of 112.38 units amid the end of month demand f...
19 Nov 2021
19th November 2021 Trade and Financial Services Round Up
KENYA CBK Takes Baby Steps Towards Launch of Digital Currency (Source: Business today) Kenya is exploring the possibility of developing and launching a central bank digital currency (CBDC) to set...
12 Nov 2021
12th November 2021 Trade and Financial Services Round Up
KENYA Kenya’s economy rebounds 10.1%, first double-digit growth in 4 decades (Source: Business Daily) Kenya’s economy expanded 10.1 percent in the second quarter of the year on the back of a rebou...
5 Nov 2021
5th November 2021 Trade and Financial Services Round Up
KENYA Equity Bank signals plan to buy stake in local rival (Source: Business Daily) Equity Group is ready to acquire a local rival if acquisition targets emerge, marking a shift to its previous strate...
29 Oct 2021
29th October 2021 Trade and Financial Services Round Up
KENYA Kenya slides in credit default rules enforcement survey (Source: Business Daily) Kenya’s failure to enforce rules to reduce credit default risks locking out local and foreign investors in ...
22 Oct 2021
22nd October 2021 Trade and Financial Services Round Up
KENYA Auditor queries CBK law breach over board members (Source: Business Daily) Auditor-General Nancy Gathungu has once again raised concerns over Central Bank of Kenya’s (CBK) legal breach operati...
15 Oct 2021
15th October 2021: Trade and Financial Services Round Up
KENYA Economy on path to recovery as banks record 53pc profit increase (Source: Business Daily) Pre-tax profits for banks in the seven months from January to July jumped 53.2 percent and surpassed las...
8 Oct 2021
8th October 2021: Trade and Financial Services Round Up
KENYA Controller of Budget Releases Implementation Report for June 2020 – June 2021 (Source: Office of the Controller of Budget) As required by the Constitution of Kenya and the Controller of Bu...
20 Aug 2021
20th August 2021 Trade & Financial Services Round Up
ETHIOPIA Ethiopia Attracts $3.9 billion FDI in 2020/21 Fiscal Year Foreign Direct Investment (FDI) inflow into Ethiopia reached 3.9 billion US dollars in the recently concluded 2020/21 fiscal year, sa...
14 Aug 2021
14th August 2021 Trade & Financial Services Round Up
KENYA State to take all public tenders to online platform Kenya has started the search for an online platform that will process all public tenders and linked to the Kenya Revenue Authority (KRA) in a ...
6 Aug 2021
6th August 2021 Trade & Financial Services Round Up
KENYA Ethiopia clears hurdle for M-Pesa expansion Ethiopian authorities told Business Daily on Thursday that the Safaricom licence will be upgraded to include mobile financial service. A consortium le...
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