Central Bank of Kenya (CBK) has approved the Co-operative Bank of Kenya’s
acquisition of a 90 percent stake in Jamii Bora Bank (JBB).
regulatory approval comes a month after shareholders of JBB approved
Co-op Bank’s offer to acquire 90 percent of the bank. Co-op Bank will buy 224,153,154
Coffee farmers now want
the government to suspend the implementation of the Capital Markets (Coffee Exchange)
regulations 2020 which took effect on July 1.
According to the Kenya
Coffee Producers Association (KCPA), the poor transition from the previous
general regulations 2019 to the new rules has cost them millions of
The government has unveiled a raft of guidelines that will
be followed by players in the country’s tourism sector.
Tourism and Wildlife Cabinet Secretary, Najib Balala said the “safe travel” health and safety protocol will form part of the tourism sector’s roadmap towards the re-opening and restart
The United States’ Agency for International Development
(USAID) announced $50 million (Ksh5 billion) to support Kenya’s response to
The fund will be channelled into recovery efforts to meet the immediate and longer-term challenges that COVID-19 is posing.
“The American people
have always been generous to those in need
Flower buyers have been forced to dig deeper into their
pocket to buy the much demand cut flower to ensure lovers have two hearts that
beat as one the country joins the rest of the world to mark Valentine’s Day.
Supply of flowers this year has decreased in
Central Bank of Kenya (CBK) Governor Dr. Parick Njoroge is now calling for all commercial banks to apply a uniform lending model which will enable assessment of eligibility of borrower to access credit.
In the wake of the toppling economy, alongside a hard cry by Kenyans
Hope for cheaper loans to Kenyans received a further boost on Monday when Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) lowered the lending rate to 8.25 percent from 8.50 percent.
This is the second consecutive time the benchmark lending
rate has been lowered since the
Cabinet Secretary for National Treasury
Ukur Yatani on Wednesday hinted at a lower budget for the financial year
In what appeared to be a damning assessment of his predecessor, Henry Rotich’s handling of the national budget, Yatani said the country will now have to prepare its