Month: September 2022
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Markets
Forex reserves up 1.4% to Ksh.896.9 billion at September close
Kenya’s foreign exchange reserves (import cover) was kept at Ksh.896.9 billion at final week ending September 2022. The record cover…
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Commodities
Costly food prices push Kenya inflation at 10-year high of 9.2%
Inflation in Kenya hit 9.2 percent all-time high in September owing to high cost of food and fuel. It is…
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Markets
CBK pays Ksh.4 billion in dividend to consolidated account at Treasury
The Central Bank of Kenya (CBK) has paid in dividend, Ksh.4 billion to the Government Consolidated Fund (GCF) under the…
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Economy
Top Siaya County officials stole Ksh.400 million weeks to General Election
Top Siaya County government officials have been accused of presiding over the corruption syndicate which saw over Ksh.400 million stolen…
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News
Harmonising payments in Africa depends on harmonising payment regulation across content
Most African businesses, if asked, would leap at the chance to expand their markets beyond their home countries. And whether…
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News
How CIS mechanism works in the credit market
The excitement around financial inclusion in Kenya is not without merit owing to innovative aspects of Fintechs and banks. This…
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Economy
Kenya’s budget to drop 9% to Ksh.3.01 trillion as Ruto rethinks strategy to shrink debt
Kenya’s 2022/23 National Budget will drop by 9 percent to Ksh.3.01 trillion from the current Ksh.3.31 trillion as President William…
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Agriculture
Kisii Governor Arati enters into health, agriculture deal with UK
Kisii County government and the United Kingdom (UK) government have committed to fast-track the joint development programmes in the county.…
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Economy
NMS hands over all its functions to Nairobi County
The Nairobi Metropolitan Service (NMS) has handed over all its functions back to the County Government of Nairobi. This followed…
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News
What it means for Kenyans as CBK raises benchmark lending rate to 8.25%
The Central Bank of Kenya (CBK) raised the benchmark lending rate by 0.75 basis points to 8.25 Thursday for fear…
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