Kenya Raises KSh 130.8 Bn in Oversubscribed Infrastructure Bond
The government through the Central Bank of Kenya (CBK) has raised KSh 130.8 billion from two reopened infrastructure bonds in the February sale. The two papers the 14 year [...]
Half of Banked Kenyans Have More than One Account
Nearly half of the banked population in Kenyan market have multiple accounts, with the proportion of those owning single accounts declining in 2024 to 36.72% from 37.42% in 2023. “Multiple [...]COMESA Ruling Faults Mauritius' 10% Import Duty on Edible Oils
The COMESA Court of Justice has faulted a 2018 decision by the government of Mauritius that imposed a 10% customs duty on imported edible oils without informing other member states, [...]Importers Now Have to Get Marine Cargo Insurance from Local Firms
Starting February 14th 2025, all Kenyan importers are expected to get Marine Cargo insurance from local firms to cover their commodities. “The move will streamline the process and ensure that [...]KRA Fires 19, Receives Graft Cases Worth KSh 4.39Bn From Whistleblowers
The Kenya Revenue Authority (KRA) dismissed 19 staff members in the second quarter of the financial year 2024/2025 (October–December), compared to nine dismissals during the same period in the 2023/2024 financial year. [...]Former Kiambu Governor Ferdinand Waititu Convicted in KSh 588 million Graft Case
The Milimani anti-corruption court has found Former Kiambu Governor Ferdinand Waititu and his wife – Susan Wangari – guilty in a corruption case involving the award of a KSh 588 [...]Analysts Optimistic About Safaricom's Share Price Despite Data Privacy, Ethiopia Concerns
Analysts at the Standard Investment Bank (SIB) are optimistic about Safaricom's equities despite piling concerns and potential disruptions in Kenya's telecommunications scene. Safaricom's share price at the moment stood at [...]Bankers Lobby Projects All Banks Will Lower Rates by End of February
The Kenya Bankers Association (KBA) is projecting that all banks will reduce interest rates on loans by the end of this month, after the latest benchmark rate cut by the [...]Morgan Stanely Adds StanChart, HF Group to Key Global Index
Morgan Stanley Capital International (MSCI) has added two Nairobi Securities Exchange (NSE) listed firms to their key index, increasing the stocks visibility to foreign investors. The upgrade comes as the [...]Kenya Power to Invest KSh 1bn in Western Kenya Power Lines
Listed utility firm Kenya Power is investing KSh 1 billion to construct power lines in eleven counties across the Nyanza and Western regions. “Our purpose is to supply adequate and [...]Weather to Dictate Food Prices as Transport Costs Stabilise CBK Survey
Weather will be a major factor in determining food prices in the coming months, according to the latest Market Perception Survey by the Central Bank of Kenya (CBK). The proportion [...]Small Claims Court Tosses 139 Cases by Unlicensed Lenders
The Milimani Small Claims Court has ruled that only licensed non-deposit taking lenders can file claims in the court to tame firms abusing the court process'. Kenyan laws, including a [...]
