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 [...]Toyota Commits KShs 800mn to Revive Kenya Vehicle Manufacturers
Kenya and Toyota Tsusho Corporation of Japan have signed a framework agreement for collaboration in vehicle manufacturing and renewable energy development. KVM manufactured its first car in August 1976. It [...]NSE Gets CMA Nod to Operate a Hybrid Bond Market
The NSE (Nairobi Securities Exchange) is set to operate a hybrid fixed-income market following the approval of amendments to its Fixed Income Trading Rules by the Capital Markets Authority. “The [...]Safaricom Plc M-PESA Customers in Ethiopia Hit 3.1M in Q3 2023
Safaricom, the leading mobile phone operator in the Eastern Africa region, has posted 3.1 million M-PESA customers since its launch in Ethiopia. “We are now interoperable with 9 banks including [...]Shilling Likely to Stabilise Against US Dollar-CBK
The government has laid down measures to strengthen the Kenya Shillings against the US dollar in consistent with the macro-economic fundamentals. The International Monetary Fund and Trade Development Bank have [...]Kenya Airways Signs Code Sharing Agreement with Air Europa
Kenya Airways has signed a code share agreement with Spanish airline Air Europa' this afternoon to access wider travel destinations in Europe and the US. Air Europa is the third [...]Pending Bills Committee Receives Claims Worth Over KSh 146bn
The government has kicked off verification of pending bills process with a promise to initiate major reforms to curb reoccurrence of the problem. The worrying pending bills late last year [...]CBK Raises Benchmark Rate to 13%
The Central Bank of Kenya (CBK) has raised the benchmark rate by 50 basis points to 13% as the monetary authority grapples with high inflation and foreign exchange pressures. The [...]
