Business
Pound hits record low against dollar on recession fears
September 26, 2022
Pound hits record low against dollar on recession fears
The pound plunged to a record low against the dollar on Monday as traders grow increasingly fearful of a deep…
European countries spend Ksh.58.2 trillion to tackle energy crisis
September 26, 2022
European countries spend Ksh.58.2 trillion to tackle energy crisis
European countries have allocated nearly Ksh.58.2 trillion (500 billion euros) to tackle the energy crisis since last September in order…
Oil supply chain bottlenecks to weaken Shilling further as it drops 0.1% against dollar
September 26, 2022
Oil supply chain bottlenecks to weaken Shilling further as it drops 0.1% against dollar
The Kenya shilling slumped 0.1 percent against the United States dollar at the close of the week ended September 23.Data…
Kenya floats Ksh.60 billion Bond in October for budgetary support
September 23, 2022
Kenya floats Ksh.60 billion Bond in October for budgetary support
The Central Bank of Kenya (CBK) has floated a 15-year and 25-year Treasury Bonds (domestic credit market) as it seeks…
KCB board okays proposed acquisition of 85% stake in DRC-based Trust Merchant Bank
September 23, 2022
KCB board okays proposed acquisition of 85% stake in DRC-based Trust Merchant Bank
Kenya Commercial Bank (KCB) stakeholders have rubber-stamped the proposed acquisition of majority stake of 85 percent in one of the…
What it means for Kenyan borrower as CBK begin issuing licences to mobile lenders
September 23, 2022
What it means for Kenyan borrower as CBK begin issuing licences to mobile lenders
Beginning September 17, 2022, it will be illegal for mobile lenders, legally identified as Digital Credit Providers (DCP) to make…
Ruto knows it all, says CBK Governor Njoroge after state phases out fuel subsidy
September 23, 2022
Ruto knows it all, says CBK Governor Njoroge after state phases out fuel subsidy
Kenya removed fuel subsidy from its programmes that was a common measure by former President, Uhuru Kenyatta to cushion vulnerable…
DP Gachagua flags off 426,000 bags of subsidised fertiliser to farmers
September 22, 2022
DP Gachagua flags off 426,000 bags of subsidised fertiliser to farmers
Deputy President Rigathi Gachagua flagged off a consignment of 426, 000 bags of subsidised fertiliser, coming 11 days after his…
Ruto makes move on CAS positions after court declared them unconstitutional
September 22, 2022
Ruto makes move on CAS positions after court declared them unconstitutional
The Public Service Commission (PSC) has been asked to establish the positions of Chief Administrative Secretary (CAS) under Kenyan law…
What interest rate hike in U.S means for Kenya as MPC prepares to meet – CBK Governor Njoroge explains
September 22, 2022
What interest rate hike in U.S means for Kenya as MPC prepares to meet – CBK Governor Njoroge explains
African countries including Kenya are experiencing serious levels of economic distress to maintain relationship in the financial markets like borrowing…