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Markets
Forex reserve up 1.4% to Ksh.896.9 billion at September close
September 30, 2022
Lawrence Baraza
0

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 was a 1.4 percent uptick from the prior week when the reserves were recorded at Ksh.884 billion. According to the Central Bank of Kenya (CBK), the reserves

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Foreign Exchange ReservesImport CoverKenya Shilling
Commodities Markets
Costly food prices push Kenya inflation at 10-year high of 9.2%
September 30, 2022
Lawrence Baraza
0

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 a new high for the ten-year period from 8.5 percent in August this year. Food and non-alcoholic beverages prices rose by 15.5 percent in the month from

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Food PricesInflation In kenya
Markets
What it means for Kenyans as CBK raises benchmark lending rate to 8.25%
September 30, 2022
Lawrence Baraza
0

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 National Treasury. The fund, originating from the General Reserve Fund (GRF) was approved by the CBK Board to ensure the regulator is well-resourced to carry out

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CBK
Economy Politics
Top Siaya County officials withdrew Ksh.400 million week to General Election
September 30, 2022
Lawrence Baraza
0

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 from public coffers weeks to the general elections. Addressing a press conference at his offices in Siaya Friday, Alego Usonga Member of Parliament Samuel Atandi said

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Economy
Harmonising payments in Africa depends on harmonising payment regulation across content
September 30, 2022
mtvadmin
0

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 it’s a Kenyan fashion designer wanting to make their Summer range available to South Africans or a Ghanaian cocoa bean wholesaler looking to reach traders

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Economy
Loan defaulters have till June 3 to restart their loan repayment
September 30, 2022
Lawrence Baraza
1

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 has seen the birth of Fuliza and M-shwari through new value propositions, including flexible products and better ways to address the financial challenges faced by low-income

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POST TAGS:
CIS MechanismCredit Information SharingMercy Nehema
Economy
Kenya’s budget to drop 9% to Ksh.3.01 trillion as Ruto rethinks strategy to shrink debt
September 30, 2022
Lawrence Baraza
0

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 Ruto rethinks strategy to lower the cost of debt repayment. The slash will take a toll on the ministries and the President has already instructed the

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National TreasuryPresident William Ruto
Agriculture Economy Health
Kisii Governor Arati enters into health, agriculture deal with UK
September 30, 2022
KNA
0

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. The County governor Simba Arati said that they are in discussion with the Kisii municipality on ways to fast-track UK Health Alliance and Sustainable Urban Economic

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POST TAGS:
Julius CourtKisii CountySimba Arati
Economy
NMS hands over all its functions to Nairobi County
September 30, 2022
Lawrence Baraza
0

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 the signing of a deed of transfer between the NMS Director General Mohammed Badi and Nairobi Governor Johnson Sakaja on Friday. These functions include health, transport, planning

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POST TAGS:
Johnson SakajaMohammed BadiNairobi Countynms
Economy
What it means for Kenyans as CBK raises benchmark lending rate to 8.25%
September 30, 2022
Lawrence Baraza
0

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 of looming inflation. The move is meant to slam breaks on inflation that soared to its record 8.3 percent from 7.9 in June – the highest

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Benchmark Lending RateCBK

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