Business

CBK Raises Weekly Treasury Bill Target to Sh28 Billion as Borrowing Needs Grow

CBK Raises Weekly Treasury Bill Target to Sh28 Billion as Borrowing Needs Grow

The Central Bank of Kenya (CBK) has increased its weekly Treasury bill borrowing target from Ksh.24 billion to Ksh.28 billion,…
Angola Secures $900 Million From China for New Port Terminal

Angola Secures $900 Million From China for New Port Terminal

Angola has secured a $900 million (about Ksh.116 billion) private investment to build and operate a new port terminal at…
Nedbank Secures 79% Shareholder Support to Acquire NCBA Group

Nedbank Secures 79% Shareholder Support to Acquire NCBA Group

South Africa’s Nedbank has secured overwhelming shareholder support for its planned acquisition of a 66% stake in Kenya’s NCBA Group.…
European Bank Forays into Senegal With €15 Million in Trade Finance Deal

European Bank Forays into Senegal With €15 Million in Trade Finance Deal

The European Bank for Reconstruction and Development (EBRD) has made a foray into Senegal, after the board approved a trade…
Building Wealth in Uncertain Markets

Building Wealth in Uncertain Markets

By David Macharia The financial world is experiencing significant volatility driven by global supply chain disruptions that continue to affect…
Finance Act 2026 Gives Digital Lenders Tax Relief, but Industry Says More Reforms Are Needed

Finance Act 2026 Gives Digital Lenders Tax Relief, but Industry Says More Reforms Are Needed

Kenya’s digital lending industry has welcomed several tax reforms introduced under the Finance Act 2026, saying the changes will help…
Banks Pull Back on Lending to State Corporations as Treasury Tightens Borrowing Rules

Banks Pull Back on Lending to State Corporations as Treasury Tightens Borrowing Rules

Commercial banks are becoming increasingly cautious about lending to Kenya’s State corporations, with new data showing a sharp decline in…
Tanzanian Billionaire Aziz Flies to Uganda as Talks Begin Over Nation Media Shutdown

Tanzanian Billionaire Aziz Flies to Uganda as Talks Begin Over Nation Media Shutdown

Tanzanian billionaire Rostam Aziz has stepped in personally to help resolve the crisis that has brought Nation Media Group’s (NMG)…
Central Bank of Nigeria Revokes 47 Licenses of Microfinance Banks

Central Bank of Nigeria Revokes 47 Licenses of Microfinance Banks

The Central Bank of Nigeria (CBN) went on a volley Wednesday when it revoked licenses belonging to microfinance banks in…
Court Tightens Rules on Redundancies in Judgement Favouring Employees

Court Tightens Rules on Redundancies in Judgement Favouring Employees

A new court ruling could make it significantly harder for companies in Kenya to lay off employees, raising the threshold…
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