Banks Restructure Loans Amounting to KSh 423.6B CBK Report
Banks in Kenya restructured loans amounting to KSh 423.6 Billion, or 13 per cent of total banking sector loans, by the end of June 2021, according to the Central Bank [...]
MPESA to Roll out New Customer Privacy Features Here's What you Need to Know
Customers making payments through Lipa na M-Pesa will now have a security assurance after Safaricom announced that it will start hiding their full details when making payments at the end [...]
Kenya Earmarks Malaysia Markets with Avocado Diversification Plan
Kenya is eying the Malaysian market for the export of avocado as it seeks to expand its reach beyond the traditional buyers. The plant regulator-Kenya Plant Health Inspectorate Service (Kephis) [...]Rihanna's Fenty Products Launch in Kenya
Fenty Beauty and Fenty Skin cosmetic products owned by singer and businesswoman, Robyn Fenty Rihanna have officially launched in Kenya. Spearheading the launch was Nikita Kering an Award-winning Kenyan singer [...]UK Rolls out Programme to Boost Growth of Kenyan Horticultural Products
The United Kingdom has rolled out programmes as part of efforts to boost the growth of Kenyan horticultural products through targeted trade and investment support. Speaking during the launch of [...]KBA urges CBK to Hike Policy Rate
Kenya Bankers Association (KBA), a lobby group for Kenya’s Banking Industry, is urging the Central Bank of Kenya(CBK) to raise the policy rate when its Monetary Policy Committee(MPC) meets on [...]CBK Collects KSh 12.5B at Weekly T-Bills Auction
CBK Accepted bids worth KSh 12.5 billion at the Weekly Treasury Bills auction out of bids amounting to KSh 13.1 billion out of KSh 24 billion offered, an undersubscription of [...]Family Bank Q1 2022 Net Profit up 43.7% to KSh 733.1m
Family Bank Limited posted an increase in net profit to KSh 733.1m at the end of March this year compared to KSh 510.2m over the same period last year, a [...]CBK Pension Towers Opens for Business
CBK Pension Towers, located in the Nairobi Central Business District, was officially opened by President Uhuru Kenyatta this Thursday. The KSh 2.49 billion 27-storey skyscraper, located along Nairobi’s Harambee Avenue, [...]GDC Set to Add 49 MW of Geothermal Power to the National Grid
Geothermal Development Company (GDC) has announced plans to add 49 megawatts of geothermal power to the national grid from Menengai Crater after an 11-year wait. The company began drilling the first [...]
Tough Times Bite as EAPCC Workers Go for 3 Months without Salaries
The cash-strapped East African Portland Cement Company (EAPCC) in Athi River is still battling its financial troubles, with employees going for the third month without their salaries. Production at the [...]NMG Appoints Philbert Mdindi as Head of Marketing
Nation Media Group (NMG) has appointed Philbert Mdindi as its new Head of Marketing, with effect from 16th May 2022. Prior to his appointment, Philbert worked at Absa Bank Kenya [...]
