Markets
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U.S. Fed raises benchmark rate by 0.75, biggest hike since 1994
The United States Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing…
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Diesel, Petrol prices up by Ksh.9 per litre in June review
Kenyan motorists will dig deeper into their pockets for the next 30 days following a newly revised pump price by…
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Kenya seeks Ksh.25 billion to fill up borrowing gap by June 23
Kenya is now seeking an additional Ksh.25 billion from the Treasury Bonds to fill up the local borrowing gap before…
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Bitcoin tumbles 9% to Ksh.2.7 million
The price of Bitcoin tumbled 9 percent to Ksh.2.7 million (US$.24,000) last figures last seen in December 2020. Some crypto…
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Major crypto lender freezes withdrawals as markets tumble
Major U.S. cryptocurrency lending company Celsius Network on Monday froze withdrawals because of “extreme market conditions,” in the latest sign…
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Inflation worries send global stock markets to two-week lows
World stocks hit a two-week low on Friday as rate hike guidance from the European Central Bank and jitters over…
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Reprieve for Meru farmers as Somalia lifts ban on Miraa import
Somalia and Kenya have reached a deal to allow Miraa importation to the former after a two-year ban. It happens…
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Kenya drops Ksh.124 billion Eurobond for syndicated loan
Kenya has cancelled the planned Ksh.124.3 billion Eurobond which was set for July and is instead going for a syndicated…
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Kenya raises Ksh.73.7 billion in June Infrastructure Bond
Kenya’s National Treasury managed to raise Ksh.73.7 billion in its June Infrastructure Bond issue. The Bond whose auction expired on…
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CBK goes after M-Pesa App over its hefty transactions
The Central Bank of Kenya (CBK) now seeks powers to regulate the fastest-growing Super Applications, better known as Super Apps…
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