Business

Rating firm GCR assigns Shelter Afrique positive outlook

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

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%

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  

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

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

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

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

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

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…
World Bank to introduce ” debt pause option” for countries in event of crisis

World Bank to introduce ” debt pause option” for countries in event of crisis

The World Bank is mulling introducing a pause mechanism if low-income countries are hit by a crisis. This is according…
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