Treasury Approves Acquisition of Sidian Bank Shares
The Cabinet Secretary for the National Treasury and Planning has approved the acquisition of 38.91 per cent of the issued share capital of Sidian Bank by Pioneer General Insurance,Wizpro Enterprise [...]
Kenya’s Economic Growth Momentum Slows in September PMI
Kenya’s economic activity moved at a sluggish pace in September as rising fuel prices and a rapidly depreciating Kenya Shilling exchange rate against the US dollar, hurt businesses and consumers. [...]
Safaricom Contributes Sh909.5B to Kenyan Economy: Report
Safaricom sustained over 1.2 million jobs (236,674 direct and 1,159,309 indirect) and contributed Sh909.5 billion into the Kenyan economy in the past financial year. According to the telco’s 12thSustainable Business [...]Nairobi Securities Exchange Seeks New CEO As Geoffrey Odundo Prepares Exit
The Nairobi Securities Exchange (NSE) is searching for a new Chief Executive Officer, to replace Geoffrey Odundo whose term ends in March 2024 following a one-year extension. Appointed in March [...]CBK Accepts Bids Worth KSh 27.2 Billion at Weekly Treasury Bills Auction
The Central Bank of Kenya(CBK) received bids worth KSh 33.1 billion out of the KSh 24 billion it offered at the weekly Treasury Bills Auction, an oversubscription of 138.1%, and [...]EU Sets Sh6.3B to Unlock Potential of Agribusinesses Within EAC
Small businesses in the agriculture sector within the East African Community (EAC) are targeted in a Sh6.3 billion (€40 million) second phase market access upgrade programme (MARKUP II). The European [...]CBK to Raise KSh 55 Billion from October T-Bonds Tap Sale
The Central Bank of Kenya(CBK) has issued reopened two-year and 5-year treasury bonds in the first week of October, seeking to raise KSh 55 billion for budgetary support. This happens [...]Kenya’s Economy to Grow by 5% in 2023 World Bank
Kenya’s economic growth will increase by 5% in 2023, up from 4.8% in 2022, due to an expansion in the agriculture sector as well as a rise in private consumption. [...]Telkom Kenya Gets Investor After Cabinet Revokes Deal with Government
Telkom Kenya has landed a strategic investor, few days after the Cabinet canceled a deal sealed last year between the telecommunication company and the previous government. A decision was made [...]Kenya, US Finalizing New Trade Deal
Kenya and the United States are finalizing a new trade agreement. President William Ruto and his US counterpart, Joe Biden agreed to expedite the Strategic Trade and Investment Partnership agreement. [...]
Cabinet Cancel’s Telkom Kenya Takeover Deal
The Cabinet has handed Telkom Kenya an opportunity to source and onboard another strategic investor, to boost firm’s competitiveness in the telecommunications industry. Cabinet on Tuesday rescinded the decision that [...]Monetary Policy Committee Retains Central Bank Rate at 10.5 Per Cent
The Monetary Policy Committee (MPC) has retained Central Bank Rate at 10.50 per cent In making the decision, MPC noted that inflation is expected to remain within the target range, [...]
