Kenya Mortgage Refinance Company to Issue Housing Bond by End of 2021
Kenya Mortgage Refinance Company (KMRC) plans to issue a housing bond before the end of this year as part of its strategy to offer cheaper finance to prospective homebuyers. With [...]
CMA and KEPSA Sign Deal to enable SMEs Access Capital
The Capital Markets Authority (CMA) inked a partnership with the Kenya Private Sector Alliance (KEPSA) to allow small and medium-sized enterprises to access capital market products. This will hence [...]
Counties hit cash crunch over delayed Treasury Disbursements
Counties are facing a severe cash crunch and will not pay salaries or for supplies. This is after National Treasury failed to disburse KSh105.9 billion to the devolved units, a [...]Kenya to Receive US $ 410 Million from IMF in Coming Weeks
Kenya will access about US$410 million from the International Monetary Fund(IMF) once a review of its financing program is completed by the IMF's Executive Board in the coming weeks. This [...]KRA wins KSh 234 Million Tax Suit Against Equity Bank
The Kenya Revenue Authority (KRA) has won a KSh 234 Million tax claim suit against Equity Bank Kenya Limited. This is after the High Court in Nairobi upheld the Tax [...]Britam Holdings Plc sinks into Net Loss of KSh 9.1 Billion
Britam Holdings Plc reported a net loss of KSh 9.1 Billion for the financial year ended 31st December 2020. The financial services provider firm attributes this depressed financial performance to [...]Kenya to Reduce Budget Deficit to 7.5% of GDP in 2021/22 Treasury
Kenya's National Treasury is optimistic that the budget deficit will contract to 7.5% of the GDP in the fiscal year 2021/22, which starts on 1st July 2021. The deficit currently [...]Greatest marathoner Eliud Kipchoge launches NFT
The Non-Fungible Tokens (NFTs) fever has reached Kenya with Eliud Kipchoge, regarded as the greatest marathon runner of all time, announcing the launch of his first NFT. Kipchoge's NFT collection [...]
IMF Approves 3-Year US$2.34 Billion Package for Kenya
The International Monetary Fund (IMF) on Saturday announced that its Executive Board has approved a three-year credit facility for Kenya amounting to US$2.34 billion to support the country's next phase [...]CMA places huge fines on Real People Kenya Limited Directors
The Capital Markets Authority (CMA) has taken enforcement action against former and current directors of Real People Kenya Limited (RPKL) as well Real People Investment HoldingsLimited (RPIHL) of South Africa [...]Introducing The Top 10 Women Shaping the Region's Banking and Finance Sector
Register here for Angaza Awards Top 10 Women to Watch in Banking and Finance East Africa Zoom Event on Tuesday 8th of June 2021!! The Angaza Awards: Women to Watch [...]How Finance is Taking over the African Job Market
Africa has long been praised for its distinct fintech and financial advances. Nigeria, South Africa, and Uganda, among other nations, are implementing a variety of financial innovations that benefit people. [...]
