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...
SUMMARY UK hosted the second Africa Investment Conference with focus on sustainable investment to support continent’s transition to clean growth Government launched Growth Gateway tool to strengthen...
President Uhuru Kenyatta has banned any exports or dealings in scrap metal. The Head of State cited increased vandalism of government infrastructure which he described as economic sabotage. He added t...
In an increasingly globalised world, consequential and integral to international trade is the flow of data. More than ever, for-profit organizations are expanding the scope of their operations across ...
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...
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 ...
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...
As 2021 draws to a climax, numerous developments on both the national and international sphere will have spillover effects into the new year. Below is a summary of 2022’s highly anticipated an...
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...
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...
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...
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...