Kenya Seeks Suspension of Debt Payments
Kenya is seeking debt-relief options with lenders as the state seeks more money to deal with the negative impacts of the COVID-19 pandemic. According to Treasury Principal Secretary, Julius Muia, [...]
Podcast; Key Takeaways from The World Bank Kenya Economic Update
In the recently released Kenya Economic Update, the World Bank reported that Kenya’s Gross Domestic Product growth rate will shrink to 1.5 percent. In this podcast, our resident economist, Prince [...]
CBK Issues a 50Bn Treasury Bond
CBK has announced the issuance of a 5-year Ksh50 billion bond for budgetary support in May. In a prospectus seen by Kenyan Wallstreet, CBK says that the auction date is [...]
Warren Buffett's Firm Berkshire Hathaway Sells all of its Airline Stocks
On Saturday, Billionaire investor Warren Buffett announced that Berkshire Hathaway had sold all of its shares of United Airlines, Southwest Airlines, Delta Air Lines and American Airlines amid the global [...]Off-Plan Purchasing: Should you Take the Risk?
When buying into an off-plan project you're buying a property that does not exist yet. It could be under construction or even existing just in the form of plans and [...]
What holds for Equity Group in 2020
Ratings Agency Moody's has picked Equity Bank as among the few financial institutions that have strong liquidity buffers and adequate liquidity assets which will aid in easing asset quality pressure [...]
KRA to Snoop on MPESA and Bank Accounts
The Court of Appeal has restored KRA's power to snoop on tax evaders' MPESA and bank accounts. In a ruling, the court argues that hindering KRA from accessing the information [...]Tea Sector Lobby Group Pushes for Reforms
The Kenya Tea Sector Lobby Group is pushing for reforms in the sector, a move that seeks to improve the earnings of the tea farmers. The proposed reforms include: Management [...]UAP widens loss to Ksh 3.2 Billion on fair value write-downs
UAP Holdings Plc has recorded a loss before tax of KShs 3.229 Billion in 2019 compared to a loss before tax of KShs 480 million in the previous year. The [...]CBK's 100Billion Kitty for Distressed Businesses
The Central Bank of Kenya (CBK) revealed plans to set up a Ksh100 billion kitty to cushion distressed businesses due to COVID19. Dr. Patrick Njoroge, CBK's governor, said they are [...]Tea Auction Records Decline in Prices
The weekly Mombasa Tea Auction held on the 27th and 28th April, 2020 recorded 12.3 million kilograms of tea offered for sale, compared to 10 million kilograms for the same [...]Kenya's Flower Industry Bounces Back into Business
Kenya's flower industry is returning to business as some flower farms in Naivasha recently reopened. This follows the reopening of the Dutch Auction and a number of other European supermarkets, [...]
