Markets
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Businesses brace for rising finance costs as CBK raises key rate to 10.5%
Businesses are bracing for higher financing costs after CBK raised the key policy rate to 10.5% from 9.5% on Monday,…
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Investors continue to shun 182, 364-days T-Bills despite hiked rates
Investors continued to shun the 182-day and 364-day Treasury Bills (T-Bills) last week, maintaining a trend that has persisted since…
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Treasury raises Ksh.18.5 billion in tap sales on 3-year bond
Treasury raised Ksh.18.522 billion at 14.23% interest for budgetary support in last week’s tap sales of the 3-year bond which…
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Treasury announces Ksh.15 billion tap sale on a 3-year bond
The National Treasury has put on offer a tap sales on a three-year bond, seeking to raise Ksh.15 billion. The…
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Crude duties to cost edible oils sector more
Kenya’s Ministry of Investment, Trade & Industrialisation Cabinet Secretary Moses Kuria has added fireworks to the unfolding edible oils importation…
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Private Sector at crossroads as govt borrows Ksh.213.4 billion within week
Last week, the government borrowed a massive Ksh.213.4 billion in a seven-year bond, at 15.84%, setting tongues wrangling. Initially offered…
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CBK retains benchmark lending rate at 9.5%
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at 9.5 percent following its Monetary Policy Committee…
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Kenya becomes regional hub for BAT in East, Southern Africa markets
As part of the BAT Group’s business transformation agenda, BAT’s regional office in Kenya has expanded its market scope to…
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Investors avoid duration risk in T-Bills as subscription rate hits 110% to Ksh.19 billion
Based on market analysis for the past week, Treasury Bills were oversubscribed, with the overall subscription rate at 110.7%, up…
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