Business
Metropol: High inflationary pressure looming from Q3 on new taxes, levies [Video]
July 4, 2023
Metropol: High inflationary pressure looming from Q3 on new taxes, levies [Video]
The inflation rate in Kenya remained at 9.2% through the first quarter of 2023, even after four successive interest rate…
Rating firm GCR assigns Shelter Afrique positive outlook
July 4, 2023
Rating firm GCR assigns Shelter Afrique positive outlook
South African rating agency GCR has assigned a positive outlook to Shelter Afrique on expectations of a return to profitability…
Africa’s fintech market to reach Ksh.9.1 trillion in revenue by 2030, says new study
June 29, 2023
Africa’s fintech market to reach Ksh.9.1 trillion in revenue by 2030, says new study
The African fintech market is projected to reach Ksh.9.1 trillion ($65bn) by 2030, representing a 13-fold increase over 2021. This…
Businesses brace for rising finance costs as CBK raises key rate to 10.5%
June 27, 2023
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,…
KCB inks cross border payment deal targeting AfCFTA
June 27, 2023
KCB inks cross border payment deal targeting AfCFTA
KCB Group has entered into a deal with the Pan-African Payment and Settlement System for cross-border transactions on the continent.…
Thugge’s first MPC meeting pushes borrowing cost to all-time high
June 27, 2023
Thugge’s first MPC meeting pushes borrowing cost to all-time high
Newly appointed Central Bank of Kenya (CBK) Governor, Dr. Kamau Thugge chaired his first Monetary Policy Committee (MPC) meeting Monday,…
CBK puts breaks on plans for digital currency
June 27, 2023
CBK puts breaks on plans for digital currency
After receiving comments on the discussion paper issued in February 2022, CBK ruled early June that a Central Bank Digital…
Investors continue to shun 182, 364-days T-Bills despite hiked rates
June 26, 2023
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…
Ruto approves Ksh.22.9 billion from Consolidated Fund for additional spending by state
June 26, 2023
Ruto approves Ksh.22.9 billion from Consolidated Fund for additional spending by state
President William Ruto approved the Supplementary Appropriations (No. 2) Bill, 2023 Monday, warranting the additional spending by the National Government…
Treasury raises Ksh.18.5 billion in tap sales on 3-year bond
June 26, 2023
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…