Brief; IMF Lowers Kenya Economic Growth Prospects
Kenya’s rebound from the economic turmoil occasioned by global COVID19 pandemic may take longer than earlier anticipated. According to the International Monetary Fund (IMF) World Economic Outlook, October 2020 Kenya’s [...]
Safaricom's Contribution to Kenya's GDP Hits 6%
Kenya's leading telecommunications company Safaricom sustained more than one million direct and indirect jobs in the last financial year and contributed 6% to the country's Gross Domestic Product (GDP). According [...]
Counties Get KSh52.2 Billion After End of Revenue Sharing Stalemate
The National Treasury has disbursed Ksh52.2 billion to the county governments being their equitable share for the months of July and August 2020. Yattani says that the National Assembly approved [...]NCBA to Compensate Customers for System Glitch
NCBA Bank, in an unprecedented move, has assured its customers that those inconvenienced by the ongoing upgrades on its core banking system, will be compensated for any regulatory penalties suffered. [...]
Kenya Exports Jump by KSh 20 Billion Despite Pandemic
The value of Kenyan exports in the first eight months of 2020 jumped to KSh 423.3 billion, a KSh 20 billion increase from the same period in 2019 according to [...]
Immaculate Kassait Nominated as Kenya's First Data Commissioner
President Kenyatta nominated Immaculate Kassait for the Data Commissioner Position. Justin Bedan Muturi, the Speaker at the Kenya National Assembly, announced her nomination today. ..I wish to report to the [...]KCB goes green with US$150 Million IFC credit
Kenya Commercial Bank(KCB) Limited has obtained US$150 million credit from the International Finance Corporation (IFC), for onward green lending. This credit also targets small and medium-sized enterprises, especially those that [...]Market Report; NSE turnover edges to KSh 304.99 Million
Turnover at the Nairobi Securities Exchange(NSE) increased to KSh 304.99 Million on a volume of 12.92 Million in 940 deals. This is compared to a turnover of KSh 198.97 Million [...]Forex Trading in Kenya Increased Demand
Forex trading or foreing exchange trading is an international market, which is used for buying and selling currencies. The traders are using the forex platforms in order to gain profits [...]Kenya begins 2021/22 Budget-making process
Kenya's National Treasury and Planning Ministry is inviting institutions, private sectors, non-governmental organizations, and the general public to submit their taxation proposals. These suggestions, to be contained in the Finance [...]VSA Capital Partners with Faida Bank to Expand African Footprint
VSA Capital has inked a strategic partnership deal with Faida Investment Bank expanding the London based firm's African footprint. In a statement, VSA Capital Chief Executive Andrew Monk lauds the [...]Kenya Re Elects New Directors
Mrs Nasra Ibrahim Ibren, Amb. Peter Oleishorua Ole Nkuraiyia and Mr. Michael Ombabah Monari have been elected as directors of Kenya Reinsurance corporation ltd. This follows the retirement of Mr. [...]
