Business
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…
World Bank to introduce ” debt pause option” for countries in event of crisis
June 23, 2023
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…
Why Ruto is asking IMF, World Bank to review their systems
June 23, 2023
Why Ruto is asking IMF, World Bank to review their systems
President William Ruto has said the financial architecture must be of equals. He explained that the resources should neither be…
Treasury announces Ksh.15 billion tap sale on a 3-year bond
June 21, 2023
Treasury announces Ksh.15 billion tap sale on a 3-year bond
The National Treasury has put on offer a tap sales on a three-year bond, seeking to raise Ksh.15 billion. The…
Foreign Ministry says its discussed deal to secure jobs for Kenyans in Jamaica
June 21, 2023
Foreign Ministry says its discussed deal to secure jobs for Kenyans in Jamaica
Kenya’s Foreign and Diaspora Cabinet Secretary Dr. Affairs Alfred Mutua toured Jamaica Tuesday where he held talks with his Jamaican…