Kenya's External Debt Climbs to $37 Billion in First Six Months of 2021
Kenya's external debt rose to the highest level in the first half of this year as government spending shot up and revenue fell. The amount of external debt climbed to [...]
Kenya Inches Closer to Regulating Digital Lenders
Kenya has made progress in its quest to regulate digital lenders after a parliamentary committee approved a Bill giving the Central Bank power to regulate them following complaints from borrowers. [...]
Kenya's Mobile Money Payments Rise to KSh 3.3 Trillion in H1 2021
Mobile money payments in Kenya took off in the first half of this year thanks to the increased uptake of e-commerce services and a shift from cash payments to mobile-based [...]CMA Recovers KSh 1 Billion belonging to Investors
The Capital Markets Authority (CMA) has recovered KSh 1 billion over the past three years, ill-gotten cash and fines paid by market players who have been found with cases of [...]NSE Monthly Equity, Bond Turnover Declines in July
The Nairobi Securities Exchange(NSE) recorded a 33.5% decline in equity turnover in July 2021 to KSh 9.3 Billion from KSh 19.95 Billion in June 2021. According to the Barometer, a [...]CMA Stops Cytonn Asset Managers Limited From Recruiting New Clients
The Capital Markets Authority (CMA) has directed Cytonn Asset Managers Limited, a licensed fund manager, to stop signing new clients immediately. This is until it changes the names of its [...]NSE Equity Turnover Drops 14.3% to KSh 347.1 Million
The Nairobi Securities Exchange(NSE) posted an equity turnover of KSh 347.1 Million, a 14.3% decline from a turnover of KSh 405.1 Million on Thursday. The volume of shares also declined [...]Kenya Re's Half-Year Profit Drops by 66% to KSh533.7 Million
Reinsurance company Kenya Re posted a 66% decline in half-year profit for the period that ended on 30th June 2021 despite a 6% growth in gross written premiums. The company's [...]CBK Survey Shows Optimism Over Kenya's 2021 Economic Growth Prospects
The Central Bank of Kenya (CBK) has released the Monetary Policy Committee(MPC) CEOs Survey of July 2021, which shows confidence in Kenya's economic growth prospects in 2021. But while 45% [...]National Treasury Forecasts Economy to Expand 6.6% This Year
The National Treasury has projected Kenya's economy to grow by 6.6% from an estimated growth of 0.6% in 2020, the highest growth rate in at least a decade, according to [...]
CBK Accepts KSh 22.9 Billion at Weekly T-Bills Auction
The Central Bank of Kenya( CBK) received bids worth KSh 23.9 Billion at the Weekly T-Bills Auction, representing a performance of 99.76% out of the KSh 24 Billion that was [...]NSE Equity Turnover Rises 181% to KSh 405.1 Million
The Nairobi Securities Exchange (NSE) recorded an Equity turnover of KSh 405.1 Million when trading ended at the bourse this Thursday with 14.7 Million shares changing hands compared to a [...]
