KRA to Clear Transit Cargo from Mombasa to Naivasha ICD
Kenya Revenue Authority (KRA) has commenced clearing transit cargo from the Port of Mombasa to the Naivasha Inland Container depot (NICD). KRA says the move will decongest the Mombasa port [...]
Housing Prices Decelerate For the Fifth Consecutive Quarter
Housing prices in Kenya fell for the fifth consecutive quarter as demand remained low. According to a Kenya Bankers Association (KBA) report, the downward trend is because buyers cannot afford [...]
Treasury Faces an Uphill Task to Meet FY19/20 Revenue Targets
As June 30 draws nearer, the final day of FY 2019/20, there is an expectation that Treasury will miss its revenue targets. Parliamentary Budget Office in Unpacking the Estimates of [...]Financial Strategies for Households During Uncertain Times
Covid19 has rendered households with less disposable income due to loss of jobs, salary cuts, and unpaid leave. This has led to financial distress with many unable to meet mortgage [...]Daily Mobile Money Transactions Grow by 9.4%
The daily average number of mobile money transactions grew after the Central Bank of Kenya and mobile money service providers introduced transaction fees waivers and increased the daily transfer limits.Data [...]Coop Bank Simba Corp Partner for Asset Financing
Cooperative Bank has partnered with Simba Corp for asset financing, enabling customers to purchase commercial vehicles at affordable rates and also access working capital. The partnership thus allows customers to [...]Regulator Seeks Dismissal of an Appeal by Former Kestrel Capital boss on Kobil Insider Trading Saga
Capital Markets Authority(CMA) has said an appeal against its sanctions on Mr Andre De Simone, former CEO of Kestrel Capital, found guilty of involvement in insider trading, should be dismissed. [...]
Safaricom Tackles Fraud in Latest MPESA Update
Safaricom has moved to tackle fraud in the latest updates to the MPESA product and ecosystem. With the new update, if anyone tries to register a new SIM card with [...]SMEs to Benefit From Subsidized Loans
The national treasury plans to launch a series of soft loans for businesses as part of the relief measures. The loans are part of a new credit guarantee scheme that [...]Equity Reschedules Customer Loans
Equity Bank has opted to support its customers by restructuring their loans amounting to KSh92 billion for up to three years. The Group reiterated that the restructuring is available to [...]Kenya's Diaspora Remittances Fall by 9% in April
Central Bank of Kenya weekly bulletin to the week ending May 21 shows that diaspora remittances fell by 9 per cent in April to Ksh22 billion (USD208.2 MILLION) from Ksh24.2 [...]Kenya's horticulture industry losing KSh 106 Million per day
Kenya's horticulture industry is estimated to be losing at least $ 1 Million per day. This is despite gradual opening of most markets within the European Union, Kenya's main horticulture [...]
