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Central Bank of Kenya (CBK)

Kenya faces debt trap on yielding to IMF demands

The intense pressure by International Monetary Fund (IMF) which saw National Treasury cave in to include county government and parastatal […]

Experts play down dip in T-bills subscription rates

Lewis Njoka @LewisNjoka The continued undersubscription of Treasury bills is no cause for alarm given that it is bound to […]

Expect firms to hire more staff in 2021, say experts

Steve Umidha @UmidhaSteve The economy is likely to create new jobs this year as more businesses resume operations, company executives […]

Empty coffers may push country into a debt trap

Despite optimism, Kenya is running on empty coffers and year 2021 may be tough for the economy as potential for […]

Diaspora defy virus to send home Sh331b

Kenyans abroad sent home a record Sh331 billion ($3.04billion) in 2020, which is a 9 per cent increase compared to […]

Companies urged to tighten online firewalls

Steve Umidha @UmidhaSteve Kenyan firms must double their guard against threats from cyber criminals, the banking regulator has warned. The Central […]

Safaricom cuts M-Pesa transfer costs by 45pc

Safaricom has cut M-Pesa transaction fees by up to 45 per cent to retain the higher business volumes and lock […]

Techs suck out 15 bank branches

Lewis Njoka¬†@LewisNjoka The number of bank branches decreased by 15 last year as adoption of alternative delivery channels deepened countrywide. […]

Kenyan banks recorded 2.6pc jump in bad loans

Lewis Njoka @LewisNjoka Asset quality for listed banks deteriorated in the third quarter of 2020 with non-performing loans (NPL) rising […]

Private sector credit to real estate grew 2.7 per cent during lockdown

Private sector credit to the real estate sector grew from 2.2 per cent to 4.9 per cent between March and […]