Moody’s Comments on Kenya’s Eurobond Buyback Plan ‘Speculative’ APRM
Moody’s Credit Rating Agency comments on Kenya’s planned buyback of its Eurobond debt as a default, has been dismissed as highly premature, speculative and damaging by the African Credit Rating [...]
Kenya Picks Taskforce to Speed Up E-mobility Rollout
The government has formed a taskforce for the smooth uptake of e-mobility in the country in a move to reduce pollution related to fossil fuel. The taskforce is expected to [...]
Prices of Most Food Products Ease as Fare Goes Up in Some Routes
The cost of living marginally eased in July compared to June to 7.3 per cent, majorly driven by a decrease in the prices of food and non-alcoholic beverages. Prices of [...]Sugar Prices Skyrocket in Kenya as Millers Shut Due to Cane Shortage
Sugar prices in Kenya’s retail markets have shot up over the past few weeks, causing a deep hole in the pockets of many households even as the salaried await further [...]CBK Accepts Bids Worth KSh 10.3 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) collected KSh 10.3 billion at the weekly treasury bills auction out of bids worth KSh 11.3 billion received, a performance rate of 47.1%. Bidders were [...]Kenya’s Economy Feels the Heat of Street Protests in July PMI Index
Kenya’s Private Sector activity recorded a deeper slowdown in July as businesses consumers cut their spending due largely to political protests which made a huge dent on demand. This is [...]Ministry Appoints KRA To Collect Housing Levy From 1st July
The Ministry of Lands, Public Works, Housing and Urban Development has appointed the Kenya Revenue Authority as a collection agent of affordable housing levy. The ministry on Thursday notified members [...]Angaza Forum Rwanda: NCBA's Lina Higiro Calls for Diversity and Inclusion in Financial Leadership
The constitution in Rwanda notes that Gender equality between Men and Women must be granted in all their rights. In 2015, Rwanda introduced a legislation that requires all public organizations [...]
Capital Markets Authority Cautions Kenyans Against Worldcoin
The Capital Markets Authority (CMA) has cautioned Kenyans against dealing with unregulated entities as cryptocurrency project Worldcoin continues to gain momentum in the Kenyan market. Worldcoin, a blockchain company founded [...]Banks Contribute Sh181.3B To Kenya's Economy-Report
Kenya’s banking sector defied turbulence witnessed last year to pump more money to the government through its tax agency, The Kenya Revenue Authority (KRA). The challenging environment in the year [...]Kenya Suspends Worldcoin Amidst Data Breach Concerns
The Kenyan government has suspended all activities associated with the cryptocurrency project Worldcoin in the country following data breach and privacy concerns. The country's Interior Cabinet Secretary Kithure Kindiki said [...]CBK Seeks KSh 40 Billion in August T-Bonds Tap Sale
The CBK has floated two fixed coupon Treasury Bonds in the month of August, as it seeks KSh 40 billion for budgetary support. Investors are required to obtain details of [...]
