PREMIUM CBK survey shows banks slow to cut interest rates Findings reveal lenders are slow to pass on benefits of falling rates to customers.
PREMIUM Hidden taxes, painful changes in Finance Bill Beneath veneer of a moderate proposal are painful changes that might hurt farmers, patients or first time owners of affordable homes.
PREMIUM Asset financing bad loans hit Sh173bn on high rates Public projects spending cuts, pay raises freeze and business woes fuel defaults.
PREMIUM KRA revenue up 3.6pc to Sh1.9trn KRA will need to raise an additional Sh556 billion in the last two months of the year.
PREMIUM Cabinet approves new Finance Bill, may slash budget for year 2025/26 Cabinet promises reduced taxes and enhanced retirement perks for judges.
PREMIUM Experts: Central bank digital currency can curb financial crime The widespread use of cryptocurrencies has contributed to the loose anti-money laundering regulations in Kenya.
PREMIUM Shilling touches 8-month low against the dollar Trend driven by economic effects of Trump tariffs.
PREMIUM Digital lender MyCredit gets Sh1.4 billion funding Beneficiaries of the fund will receive loans of up to Sh10m with a six-year tenor.
PREMIUM Pension fund assets cross a record Sh2trn on higher NSSF rates Kenya's pension fund assets have reached a historic milestone
PREMIUM Banks widen lending margins on sticky borrowing costs Deposit rates have fallen faster than lending costs, declining to 9.76pc in February.
PREMIUM Kenya raises Sh194bn in new Eurobond sale The new bond was floated to provide funding for a buyback of an existing Eurobond.
PREMIUM How Kuscco top bosses siphoned Sh580million annually CS Chelugui said has disbanded the union's entire board over questionable financial dealings.
PREMIUM Should you use your retirement savings to pay off debt? Settling debt using your retirement savings should be done after careful consideration and planning.
PREMIUM Credit to mining sector doubles after moratorium lifted Increased funding is expected to lift activities in the sector whose output has been contracting in recent years.
PREMIUM Banks seek major CBK rate cut to boost loans Banking lobby decries challenges in credit markets as private sector lending tumbles,
PREMIUM Half of banks fail to slash interest rates in October Weighted overall average lending rate eased slightly to 16.87pc from 16.9pc in September.
PREMIUM StanChart profit up 63pc on income from lending At Sh15.8bn, the lender's results mark the fastest growth of earnings.
PREMIUM Mobile cash transactions hit Sh6.5trn in nine months The rise reverses a 2.7 per cent dip in the same period last year after Airtel reviewed its policy.
PREMIUM UBA to support youth, women-run businesses Pan-African lender terms the two demographics key drivers of economic growth.
PREMIUM Digital payment firms shed 1.5 million users on higher taxes, controls Several changes in the mobile money sector, including increase of excise duty, made transactions more expensive for users.
PREMIUM Kenyan shilling stable versus dollar, LSEG data shows On Monday morning the shilling traded at 128.50/129.50 against the dollar, the same as Friday's closing rate.
PREMIUM CBK cuts this year’s growth forecast to 5.1pc The Kenyan economy experienced a GDP growth of only 4.6% in Q2, the slowest pace since the pandemic.
PREMIUM Maize farmers turn to hay as hope of better prices dims The government has ruled out increasing the offered price of Sh4,000 per 90kg bag of maize.
PREMIUM KRA collected a paltry Sh354m in taxes from Covid-19 billionaires Taxes realised from 851 importers who supplied 431,614 COVID-19-related items to Kemsa between March 2020 and July 2020.
PREMIUM State House is top beneficiary of Sh70bn budget Presidency received Sh5.86 billion or 56.5 percent of the total budget of Sh9.84 billion.
PREMIUM Ruto’s borrowing rises to Sh62.1 million an hour Report details that state borrowed Sh1.5 billion a day in new loans.
PREMIUM The burden of ‘budgeted graft’ on Kenyan taxpayers Watchdog reports continue to lay bare the wanton wastage and brazen looting that is enriching a few elites and burdening a majority with punitive taxes.
PREMIUM The West pledges help for Kenya after being listed as conduit for dirty cash Kenya was last Friday placed among 23 countries in a list of shame known as the ‘grey list’.
PREMIUM Shilling falls to new low of Sh160 to the dollar Currency dealers say dollar demand from the energy and manufacturing sectors has put pressure on the shilling over the past week.
PREMIUM Vicious fight erupts over Sh800m at Ecobank Kiwipay (K) Ltd locked in a court battle with four foreign firms.
