The Central Bank of Kenya (CBK) retained the benchmark lending rate at 7.5 percent in an to the surprise of market expectation on the back of soaring inflation rate. This is attributable to the retention of the fuel subsidy and the new unga subsidy. “This increase was
HFC launched its premium banking solution Ultimate Banking, a differentiated and personalized service experience with an array of tailor-made banking solutions and services. The Bank noted that the enhanced proposition is targeting Affluent customers both in Kenya and Diaspora.“We’re excited to bring HFC Ultimate Banking to customers, in Kenya and the Diaspora, who are looking for an exclusive and personalised
The Betting Control and Licensing Board (BCLB) has cleared 11 betting companies to get licences for the financial year 2022/2023.In a letter to the Communications Authority of Kenya CEO Ezra Chiloba dated July 4, BCLB chairman Cyrus Maina said that the companies had been scrutinized
Kenya’s foreign exchange reserves which are held at the Central Bank of Kenya (CBK) have fallen below an equivalent four and a half months of import cover to breach the first lower limit. New data from CBK shows the official reserves slumped to Ksh.916.2 billion ($7.727
The Central Bank of Kenya (CBK) is widely expected to lift its benchmark lending rate again when it holds its Monetary Policy Committee (MPC) meeting on July 27, 2022. The expectations on the reserve bank’s monetary stance are largely anchored on prevailing high inflation which in
Stivo simple boy has disclosed the highest amount of money he has received for a performance or a gig he has executed. Speaking during an interview, Stivo simple boy revealed that he was paid half a million by Odibets, one of the leading betting firms in Kenya. The musician
The National Treasury is seeking to restructure Ksh.57.4 billion worth of publicly guaranteed loans issued to national carrier Kenya Airways (KQ). The amount covers part of KQ’s guaranteed debt principal as of the end of March this year. The disclosure by the exchequer follows the conclusion of
President Uhuru Kenyatta Tuesday directed all maize millers in the country to lower the cost of maize flour in the wake of the skyrocketing price of the commodity. According to the Head of State, the move forms part of the stimulus package his administration has put
Tech solution firm Vaspro has today shown appreciation to tennis sensation Angela Okutoyi after she made history by becoming the first Kenyan woman to reach a Wimbledon final. The event which was held at the Vaspro offices in Nairobi saw the tech company acknowledge the tennis
Martha Karua has a net worth of Ksh.150 million. The Azimio presidential candidate made the revelation Tuesday during the deputy presidential debate held at the Catholic University for East Africa (CUEA) in Nairobi. "I think just about Sh150 million and that is because the Sh56 million I
