News

January 28, 2020

SBM Bank files petition to liquidate E.A Cables over Ksh285m loan

Listed electrical cables manufacturer, East African Cables risks closing its business after SBM Bank (Kenya) filed a petition in the…
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January 28, 2020

CBK signals commercial banks to lower lending rates

Hope for cheaper loans to Kenyans received a further boost on Monday when Central Bank of Kenya’s (CBK) Monetary Policy…
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January 22, 2020

Shilling could weaken if Treasury dumps external commercial loans – Report

Analysts at Genghis Capital have raised fresh concerns on the volatility of the shilling should the National Treasury’s plan to…
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January 22, 2020

IMF: Kenya’s debt sustainability at stake over high interest rates

International Monetary Fund has said that Kenya uses almost half of its revenues collected to pay loans. The multilateral fund…
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January 22, 2020

South African Airways cancels flights in fight for survival

South African Airways (SAA) has cancelled some domestic flights between its Johannesburg hub and Cape Town and Durban, and some…
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January 21, 2020

UK firm to invest Ksh3.94 billion for green cheap homes in Kenya

UK Climate Investment (UKCI) has revealed plans to invest Sh3.94 billion to finance the construction of cheap homes, largely boosting…
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January 21, 2020

Prince Harry meets 21 African State heads in London

Britain’s Prince Harry attended the UK-Africa Investment Summit in London for 21 African countries hosted by Prime Minister Boris Johnson…
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January 21, 2020

Kenya lists its first green bond on the London stock exchange

Kenya’s first-ever green bond was listed on the London Stock Exchange, becoming the first Kenyan shilling bond to be listed…
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January 20, 2020

Diaspora remittance for December increased to Ksh25 bn

Monthly diaspora remittance inflows to Kenya increased to 25 billion shillings in December 2019 up from nearly Ksh22 billion in…
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January 20, 2020

Uganda govt protests Kenya’s seizure of milk products worth Ksh36 mn

Uganda sent a protest note to Kenya demanding the release of consignments of milk seized by Kenyan authorities on alleged…
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