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 [...]NSE Foreign Investor Outflows Reach KSh2 Billion in Q2 2021
Kenya's capital markets continued to suffer from capital flight in the second quarter of this year as foreign investors pulled back from risky markets. According to the Capital Markets Soundness [...]
NHIF Faces Cash Crunch as 5.7 Million Kenyans Default
National Hospital Insurance Fund(NHIF) has said that 5.7 Million Kenyans, or 54% of its 10.6 million members, have stopped making their monthly contributions, dealing the insurer a deadly financial blow. [...]Mumias Sugar Receiver Manager Calls for Fresh Leasing Bids
Mumias Sugar Company receiver-manager, Ponangipalli Venkata Rao, has re-advertised a lease deal for the KSh15 billion assets of the debt-ridden sugar firm. Parties interested in placing their bids have until [...]Emirates Airline Introduces More Options for Kenyan Travellers
Emirates Airline travellers customers can now purchase their flight tickets using local debit and credit cards, mobile money, or mobile banking and have their ticket issued within minutes. Customers can [...]Wapi Pay Secures $2.2 Million Pre-Seed Funding for Expansion
Fintech startup based in Singapore and headquartered in Kenya, Wapi Pay, has raised $2.2 million in pre-seed funding to scale up global payments and remittances between Africa and Asia. Investors [...]Kenya UK Form Trade Logistics Information Pipeline
.Kenya and United Kingdom have formed a digital trade corridor that aims to eliminate paperwork and improve the supply chains between the two countries. TradeMark East Africa (TMEA) signed a [...]Jambojet Announces New DRC Route Next Month
Kenyan low-cost carrier, Jambojet has announced plans to commence flights between Nairobi and the Democratic Republic of Congo(DRC) city of Goma from next month. The airline says it will first [...]Eng. Rosemary Oduor Named Kenya Powers' New Acting Managing Director
Kenya Power has appointed Eng. Rosemary Oduor as the new acting managing director of the company with effect from today, following the resignation of Bernard Ngugi who has held the [...]
