Markets
-
Oil price up 13% to Ksh.11k in 7yrs on Russia, Ukraine tension
Oil prices surged Tuesday, February 22, 2022, on fears that rising tensions between Ukraine and Russia could disrupt supplies around…
Read More » -
How Kenya is making home ownership possible for low income households
Rachel Mwangangi is getting ready to move into her dream home in Nairobi, within the first quarter of 2022. It…
Read More » -
Banks to soon have uniform lending rates for mortgages
The Kenya Mortgage Refinancing Company (KMRC) is now mulling hiring a consultant to develop uniform lending terms for home loans…
Read More » -
Kenya’s January remittance down 3.4 percent to Ksh.38.5 billion
Total remittance from Kenyans living abroad dropped by 3.4 percent to Ksh.38.5 billion in January compared to Ksh.39.5 billion that…
Read More » -
Safaricom’s Q3 results up 16% on increased M-Pesa transactions
M-Pesa transactions increased by 16.1 percent for the third quarter ended December 2021, strengthening Safaricom’s revenue portfolio. “Our M-Pesa platform,…
Read More » -
CMA okays Central Depository to offer securities lending, borrowing
The Capital Markets Authority has approved Central Depository and Settlement Corporation (CDSC) to offer securities lending and borrowing (SLB) as…
Read More » -
Samsung unveils first half flagship devices
Samsung has globally announced the release of the 2022 Galaxy S Series range of devices that consists of the Galaxy…
Read More » -
Kenya to join list of countries with digital currency
The Central Bank of Kenya (CBK) is introducing Central Bank Digital Currency in Kenya’s market space and has invited the…
Read More » -
Digital lender Branch acquires 84.89% shareholding of Century Microfinance Bank
Digital lender Branch has successfully acquired 84.89 percent shareholding of Century Microfinance Bank (Century MFB). The acquisition dated January 1,…
Read More » -
Sri Lanka based Mauritius Holdings acquires 73% shareholding of Key Microfinance bank
The Central Bank of Kenya (CBK) has approved the 73 percent acquisition of the shareholding of Key Microfinance Bank PLC…
Read More »