Eyes on EPRA as Global Fuel Prices Drop
Expectations are that the Energy Regulatory Authority (EPRA) will once again review downward fuel prices at the next review, scheduled for 15th February 2024. Murban crude, which is drilled from [...]
Foodstuff Prices to Drop in Coming Months- CBK Forecast
An Agriculture Sector Survey undertaken by the Central Bank of Kenya (CBK) shows that the price of key food items could begin to fall in the coming months. The CBK [...]Hotels' Forward Bookings Lower Than Previous Q1
Hotel industry has been hit by government’s reduced expenditure on conferences for the January-April period’s forward bookings. “Respondents indicated that forward bookings were supported by increased international travel. local forward [...]
CEOs Predict Improved Business Prospects in Q1 2024- CBK Survey
A January 2024 Central Bank of Kenya (CBK) survey shows that a majority of sampled CEOs expect improved or unchanged business activity in the first quarter of 2024. Firms in [...]CBK Weekly Auction Hikes Redemptions to KSh 48.5bn
The Central Bank of Kenya (CBK) Weekly Treasury Bills auction recorded a huge redemption of KSh 48.5bn out of KSh 51.1bn bids received and an amount of KSh 48.8 accepted [...]SASRA Ignored CBK's Recommendation to Regulate SACCOs Union
The Central Bank of Kenya (CBK) asked Sacco regulator, Sacco Societies Regulatory Authority (SASRA), to regulate the giant Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO)'s unregulated deposit-taking business [...]Private Firms, State Agencies Cling to Ksh241bn Unclaimed Assets
The Unclaimed Financial Assets Authority (UFAA) is yet to receive Ksh241B of unclaimed assets from public agencies and private firms, making it difficult to reunite beneficiaries with the Funds. According [...]Kenya Detected 1.2bn Cyber Threats in Q4 2023
Kenya’s National Cyber Security Centre detected over 1.2 billion cyber threat events between October to December last year, representing a staggering 943.01 per cent jump from the preceding period. The [...]Saccos Rebrand to Grow, Ward Off Competition
SACCOs, especially those that engage in the deposit-taking business, have continued to rebrand to appeal to more members and beat stiff competition for deposits. The long list of DT Saccos [...]Kenya Plans US$ 500mn Japanese Bond
Kenya has entered into a memorandum of understanding with Japan that will see the East African nation issue a Samurai Bond. “The upgrade of transformers will reduce energy losses in [...]Kenya Floats Tender for Maturing US$ 2 Billion Eurobond
Kenya has announced a tender offer for its US$ 2 billion, 6.875% notes that are due to mature this June 2024. Receipt by Citibank NA London of all of the [...]Telcos Embrace Mobile Money Interoperability
Airtel Money customers can now receive money directly into their mobile money wallet from any network without the withdrawal code that carried 7-day validity. A customer registered on any mobile [...]
