central bank
Kenya Keeps Key Interest Rate Unchanged at 13% as Currency (USDKES) Rallies: Kenya’s central bank kept its benchmark interest rate unchanged at a 12-year high as ...
bloomberg.com/news/articles/2024-04-03/kenya-leaves-key-rate-steady-at-13-as-currency-rallies
Shilling gain cuts external debt by Sh1.12 trillion: The stock of external debt has fallen by Sh1.124 trillion in less than three months.
businessdailyafrica.com/bd/economy/shilling-gain-cuts-external-debt-by-sh1-12-trillion--4586234
CBK's fresh bid to raise core capital puts small lenders, investors on edge: The banking regulator, the Central Bank of Kenya (CBK), has proposed a ...
standardmedia.co.ke/financial-standard/article/2001492866/cbks-fresh-bid-to-raise-core-capital-puts-small-lenders-investors-on-edge
Revealed: Sh75 billion tax stalls M-Pesa's split from Safaricom: Telco has been under pressure to separate its lucrative mobile money unit from its telcoms ...
standardmedia.co.ke/business/business/article/2001492685/revealed-sh75-billion-tax-stalls-m-pesas-split-from-safaricom
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Officials say course is ready for Eldoret City Marathon action: The course showcases iconic spots such as Kipchoge Keino Stadium and suburbs.
standardmedia.co.ke/sports/athletics/article/2001493239/officials-say-course-is-ready-for-eldoret-city-marathon-action
Top banks splash Sh186bn to woo wealthy depositors: Interest paid out on customer deposits rose by 48.2pc from Sh125.7bn in 2022.
nation.africa/kenya/business/top-banks-splash-sh186bn-to-woo-wealthy-depositors-4594066
Buyers turn to leeks on high onion prices : As the cost of red onions skyrockets, Kenyan consumers are turning to alternatives such as spring ...
nation.africa/kenya/business/buyers-turn-to-leeks-on-high-onion-prices--4594142
Absa CEO: Why sustainability is next frontier in driving lenders' bottom lines
standardmedia.co.ke/financial-standard/article/2001492860/absa-ceo-why-sustainability-is-next-frontier-in-driving-lenders-bottom-lines
Central Bank of Kenya approves LemFi Remittance to Kenya, in partnership with Wapi Pay
standardmedia.co.ke/branding-voice/article/2001492636/cbk-approves-lemfi-remittance-to-kenya-in-partnership-with-wapi-pay
A fifth of chief executives cut jobs as sales decline: Executives are also painting grim pictures for job seekers in the current second quarter of the year
nation.africa/kenya/business/a-fifth-of-chief-executives-cut-jobs-as-sales-decline-4585940
Banks raise bad loans cover by Sh46bn as defaults soar: Commercial banks take initiatives to address the rising rate of defaults.
nation.africa/kenya/business/banks-raise-bad-loans-cover-by-sh46bn-as-defaults-soar-4587756
Sustaining single-digit mortgage amid tough economic conditions: Monetary Policy Committee retained the Central Bank Rate at 13.0 per cent ...
standardmedia.co.ke/real-estate/article/2001493417/sustaining-single-digit-mortgage-amid-tough-economic-conditions
Bank of Kigali office in Kenya shut: CBK announces closure of Bank of Kigali representative office in Kenya effective April 2, to focus on digital service ...
standardmedia.co.ke/business/business/article/2001492699/bank-of-kigali-office-in-kenya-shut
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The Business Daily Redesigned Website Is Live!
The Business Daily website is now live with a revamped interface and enhanced features!
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SP: LemFi, Wapi Pay partnership gets CBK approval to operate remittances. Find out more ... Show more www.lemfi.com/
Tourist arrivals bounce back to pre-Covid level: Sector was badly hit by travel restrictions imposed due to the pandemic.
nation.africa/kenya/business/tourist-arrivals-bounce-back-to-pre-covid-level-4584432
Cash outside banks falls the fastest in five years: Cash circulating outside banks dipped at the fastest rate in January.
nation.africa/kenya/business/cash-outside-banks-falls-the-fastest-in-five-years-4574608
It’s a tale of two Easters as Kenyans mark paschal season: Happiness levels in Kenya have dropped for the first time in five years.
nation.africa/kenya/news/it-s-a-tale-of-two-easters-as-kenyans-mark-paschal-season-4572058
Paid articlePaid Equity’s net profit dips 6.4pc on bad loans provision: Equity’s regional subsidiaries grow their contribution to the bank’s net profit.
nation.africa/kenya/business/equity-s-net-profit-dips-6-4pc-on-bad-loans-provision-4570814
NCBA to pay Sh7.8 billion dividend after profit rise: The record dividend comes amid a rise in NCBA’s net earnings.
nation.africa/kenya/business/ncba-to-pay-sh7-8-billion-dividend-after-profit-rise-4570668
‘You’re blocking my beachfront’: Hotelier sues Homa Bay County over fish factory: Homa Bay Tourist Hotel manager says county's fish factory could destroy ...
nation.africa/kenya/counties/homa-bay/-you-re-blocking-my-beachfront-hotelier-sues-homa-bay-county-over-fish-factory-4569186
This is what stronger shilling has done for Kenya: A stronger shilling leads to cheaper or more affordable goods. A favourable exchange rate means interest rates ...
standardmedia.co.ke/leonard-khafafa/article/2001491726/this-is-what-stronger-shilling-has-done-for-kenya
CBK licences 19 digital lenders: The Central Bank of Kenya (CBK) has licensed 19 Digital Credit Providers (DCPs).
standardmedia.co.ke/business/business/article/2001491007/cbk-licences-19-digital-lenders
The irony of a strong shilling: A depreciating shilling presents favourable conditions for inflows, including Foreign Direct Investment and remittances.
nation.africa/kenya/blogs-opinion/blogs/the-irony-of-a-strong-shilling-4562318
Transport tycoon's widow battles lender over Sh174m 'fictitious' loan
standardmedia.co.ke/financial-standard/article/2001491689/transport-tycoons-widow-battles-lender-over-sh174m-fictitious-loan
Kenya’s most expensive, cheapest loans revealed: SBM Bank and Kingdom Bank were charging the highest interest rates on personal loans by the end of last year.
nation.africa/kenya/business/kenya-s-most-expensive-cheapest-loans-revealed--4559352
Paid articlePaid Small businesses to access low-interest loans from World Bank-funded project: Small businesses can now access low-interest loans through the Supporting Access to ...
standardmedia.co.ke/enterprise/article/2001491373/small-businesses-to-access-low-interest-loans-from-world-bank-funded-project
Access Bank moves to buy National Bank of Kenya: Taking over National Bank of Kenya is a consolation for Access Bank, whose similar bid to procure a controlling ...
premiumtimesng.com/news/headlines/679311-access-bank-moves-to-buy-national-bank-of-kenya.html
Top sectors to watch in East African Community in 2024: On the regional front, Kenya recorded a positive trade balance with EAC Partner States of $408.3 billion
monitor.co.ug/uganda/news/national/top-sectors-to-watch-in-east-african-community-in-2024-4551966
Puzzle of counties running 1,400 illegal bank accounts: County governments are operating more than 1,400 accounts in Kenyan commercial banks.
nation.africa/kenya/business/puzzle-of-counties-running-1-400-illegal-bank-accounts--4541444
Paid articlePaid President Ruto: Kenya is no longer at risk of debt default: President William Ruto has praised the government’s efforts to improve Kenya’s economic situation by ...
standardmedia.co.ke/national/article/2001490336/president-ruto-kenya-is-no-longer-at-risk-of-debt-default
Kenyan central bank buys dollars to curb volatility as shilling rallies: Kenya's central bank bought dollars on the foreign exchange market on Thursday to curb ...
reuters.com/world/africa/kenyan-central-bank-buys-dollars-curb-volatility-shilling-rallies-2024-02-15/
Telcos boon as State widens cashless payment scheme : M-Pesa’s leading market share promises to make it the outright beneficiary of the government’s push for ...
nation.africa/kenya/business/telcos-boon-as-state-widens-cashless-payment-scheme--4537528
Paid articlePaid Lenders in fresh round of loan hikes: The higher rates could trigger a fresh wave of bad loans, starting with an immediate spike in the fourth quarter as frailer ...
standardmedia.co.ke/business/business/article/2001490301/lenders-in-fresh-round-of-loan-hikes
Kenya Mortgage Refinance Company ups income limit for cheaper loans to Sh200,000: The move is a win for the middle class at a time when mortgages from commercial ...
nation.africa/kenya/business/kenya-mortgage-refinance-company-ups-income-limit-for-cheaper-loans-to-sh200-000-4526406
Maiyo wins inaugural KAM golf tournament: He returned a score of 49 stableford points to secure victory on Friday. Jane Karuku was crowned the Lady winner.
standardmedia.co.ke/sports/sports/article/2001490210/maiyo-wins-inaugural-kam-golf-tournament
UK, Japan have entered recession; here's what it means for Kenyans: You may not have visited Japan or the UK, but whatever happens there will be felt here ...
standardmedia.co.ke/xn-iraki/article/2001490482/uk-japan-have-entered-recession-heres-what-it-means-for-kenyans
Kenya's public debt surges past Sh11trn on weak shilling : External loan disbursements, exchange rate fluctuation and domestic debt uptake cause increase.
nation.africa/kenya/business/kenya-s-public-debt-surges-past-sh11trn-on-weak-shilling--4530454
Quick Glance: Kenya's Debt Surpasses 11 Trillion Shillings
- Kenya's public debt increased by 1.93 trillion shillings in the year ending December 2023, pushing the country's total indebtedness to 11.14 trillion shillings.
- The depreciation of the shilling significantly impacted external public debts, representing 73 percent (1.4 trillion shillings) of the 1.9 trillion shilling increase during the year.
- From January to December 2023, total external public debt rose by 1.416 trillion shillings, reaching 6 trillion shillings.
- The shilling's value declined by 26.8 percent between December 2022 and December 2023, trading at 123.37 units against the dollar and dropping to 156.46 units.
Here is why shilling is rallying against the dollar: The exchange rate closed at Sh153.20 per dollar on Thursday.
nation.africa/kenya/business/here-is-why-shilling-is-rallying-against-the-dollar-4526522
Puzzle of Kenya’s expensive IMF, World Bank loans: Controller of Budget Margaret Nyakang’o has flagged the cost of concessional loans taken up by the government.
nation.africa/kenya/business/world-bank-imf-charging-kenya-14-5pc-interest-cob--4534346
The economy faces a “risk” due to the recent M-Pesa outages, the Central Bank of Kenya (CBK) has said. Show more
Bad maths, flawed sources and false claims: Kenya’s education minister, others get key education statistics wrong
africacheck.org/fact-checks/reports/bad-maths-flawed-sources-false-claims-kenyas-education-minister-others-get
Cabinet approves privatisation of Development Bank, five other state-owned hotels
nation.africa/kenya/news/cabinet-approves-privatisation-of-development-bank-five-other--4525076
How high will interest rates go?: What does the shock rise in rates mean to the Kenyan economy, and to Wanjiku? How high will the rate go?
standardmedia.co.ke/financial-standard/article/2001489954/how-high-will-interest-rates-go
How rogue bank staff and cons stole Sh113,000 from Baringo granny's account
nation.africa/kenya/counties/baringo/how-rogue-bank-staff-and-cons-stole-sh113-000-from-baringo-granny-s-account--4513628
Why the shilling's meteoric gain against US dollar is not a mystery: The current game in town is guessing the next level of the shilling ...
standardmedia.co.ke/xn-iraki/article/2001490175/why-the-shillings-meteoric-gain-against-us-dollar-is-not-a-mystery
How Kenya plans to net Sh1trn from the diaspora: The government is planning incentives targeting Kenyans in the diaspora in a bid to boost remittances.
nation.africa/kenya/business/how-kenya-plans-to-net-sh1trn-from-the-diaspora-4521690
New Eurobond seen easing pressure on domestic debt interest rates: The Treasury is selling its first Eurobond since June 2021 when it floated a 12-year paper ...
nation.africa/kenya/business/new-eurobond-seen-easing-pressure-on-domestic-debt--4523210
Paid articlePaid CBK's Thugge sees light at end of tunnel amid loans shocker: Apex bank has raised its benchmark lending rate by 50 basis points to 13.00 per cent from the ...
standardmedia.co.ke/business/business/article/2001489710/cbks-thugge-sees-light-at-end-of-tunnel-amid-loans-shocker
Paid articlePaid Looming job crisis threatens millions as more firms see red: Four in ten companies reckon the worsening business on the back of higher tax and regulatory levies ...
standardmedia.co.ke/financial-standard/article/2001489952/looming-job-crisis-threatens-millions-as-more-firms-see-red
Ruto's cheap credit dream for hustlers dies: Borrowers are staring at expensive loans after the Central Bank of Kenya (CBK) increased its benchmark lending ...
standardmedia.co.ke/politics/article/2001489768/rutos-cheap-credit-dream-for-hustlers-dies
World Bank lines up Sh240 billion in new funding to Kenya: The cash is marked for disbursement between March and April.
nation.africa/kenya/business/world-bank-lines-up-sh240-billion-in-new-funding-to-kenya-4517464
CBK says M-Pesa outages pose significant risk to the economy: Mpesa accounts for over 90 per cent of Kenya's mobile money transactions ...
standardmedia.co.ke/business/business/article/2001489776/cbk-says-m-pesa-outages-pose-significant-risk-to-the-economy
Paid articlePaid Inflation jitters ahead of CBK interest rate decision: The uptick in core inflation mirrors higher prices for general goods and services.
nation.africa/kenya/business/inflation-jitters-ahead-of-cbk-interest-rate-decision-4514000
Quick Glance: Turkey's Official Annual Inflation Soars to 64.8% in January
- Clothing and footwear saw the lowest increase at 40.62%, while restaurants and hotels experienced the highest at 92.27%.
- Unofficial data from Turkey's Inflation Research Group (ENAG) revealed a 9.38% CPI increase and an annual inflation of 129.11% in January.
- Annual food inflation was 69.71% with a monthly inflation of 5.19% in January.
- The BBC Turkish Service investigated annual food inflation in Turkey through traditional recipes.
Living cost, shilling tests as CBK holds MPC meeting: Kenyans are forking out more to purchase basic commodities as the shilling remains weakened due to external ...
standardmedia.co.ke/business/business/article/2001489582/living-cost-shilling-tests-as-cbk-holds-mpc-meeting
Paid articlePaid CBK in major operation to stop aggressive dollar bids: CBK is holding private meetings with banks to try to persuade them against aggressive quotes of the dollar ...
nation.africa/kenya/business/cbk-in-major-operation-to-stop-aggressive-dollar-bids--4515348
Paid articlePaid How State courts financial mess with awkward loan schemes : From digital to group loans and now payment of health cover, the government is getting itself into a ...
nation.africa/kenya/business/how-state-courts-financial-mess-with-awkward-loan-schemes--4515032
Paid articlePaid Importers Catch a Break as Kenya Shilling Extends Winning Streak: The Kenyan shilling strengthened against the dollar for a fifth consecutive trading day on ...
trib.al/QJFDivX
Kenya Mobile-Money Transactions Grow at Slowest Pace in 16 Years: Kenya, a leading pioneer in mobile-money transactions, saw transfers grow last year at the ...
trib.al/uLAr2dm
More pain for Kenyans as IMF prescribes additional Sh806bn taxes: Despite higher taxation, the country has so far missed its revenue targets.
nation.africa/kenya/news/more-pain-for-kenyans-as-imf-prescribes-additional-sh806bn-taxes-4496498
Consumers feel pinch as shilling sinks towards 170 against dollar: According to Central Bank of Kenya (CBK) data, the shilling yesterday stood at 160 ...
standardmedia.co.ke/business/business/article/2001489154/consumers-feel-pinch-as-shilling-sinks-towards-170-against-dollar
Billionaire banker, Mugo Mungai, goes down fighting Moi’s injustices : At only 35, Mr Mungai had put all his efforts into building a bank.
nation.africa/kenya/news/-banker-mugo-mungai-goes-down-fighting-moi-injustices--4502098
Diaspora remittances: Why you need a relative abroad: Diaspora remittances hit a record Sh671 billion ($4.19 billion) in 2023.
nation.africa/kenya/business/diaspora-remittances-grow-to-record-sh671bn-in-a-year--4499980
A banker's perspective on Kenya's evolving regulatory landscape: Kenya is a leading market in financial services innovation, which has played a pivotal ...
standardmedia.co.ke/financial-standard/article/2001488989/a-bankers-perspective-on-kenyas-evolving-regulatory-landscape
Debt chief exits Treasury after Eurobond fallout: Haron Sirima confirmed his exit without divulging details surrounding his departure.
nation.africa/kenya/business/debt-chief-exits-treasury-after-eurobond-fallout--4502668
British pound official rate crosses Sh200 mark: CBK data shows a unit opened yesterday exchanging at an average Sh202.46, continuing a trend witnessed last year.
nation.africa/kenya/business/british-pound-official-rate-crosses-sh200-mark-4488336
Half of banks lean on CBK liquidity support, says IMF: Half of Kenyan banks were accessing liquidity support from CBK by the end of September last year.
nation.africa/kenya/business/half-of-banks-lean-on-cbk-liquidity-support-says-imf--4499032
Why weaker shilling failed to strengthen export cash: Data from CBK says earnings fell by 2.2 per cent to Sh987bn in the 10 months to October.
nation.africa/kenya/business/why-weaker-shilling-failed-to-strengthen-export-cash-4498782
Kenyans in diaspora protest ‘unfair treatment’ by KRA: Kenyans in diaspora have expressed concern over “unsettling experiences” upon arrival to the country.
nation.africa/kenya/news/diaspora/diaspora-news/kenyans-in-diaspora-protest-unfair-treatment-by-kra-4489400
El Nino rains help inflation drop to 20-month low: The rate, which fell to its lowest level since April 2022, has been low in recent months due to improved food ...
businessdailyafrica.com/bd/economy/inflation-eases-to-6-6pc-in-december-4476946
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