AfDB Commits to Support Women in Business in Kenya
The Africa Development Bank (AfDB) has made a commitment to support Kenyan women after a meeting with the First Lady Margaret Kenyatta. Ms Nnena Nwabufo, AfDB's Deputy Director-General, agreed to [...]
House Prices Fall Further as Demand Slumps
House prices continued to drop in the three months before September as demand for houses dropped further. According to Kenya Bankers Housing Price Index, house prices fell by 2.28% as [...]CBK post-MPC Media Briefing Updates
Governor Dr Njoroge hosts the post MPC media briefing to elaborate on the reduced CBR rate and comment on the economy. NPLs at 12.3% is not an ideal level. A [...]
Kenya Ranks 12th in Sub-Saharan Africa in 2019 Prosperity Index
Kenya has ranked 12th in Sub-saharan Africa and 113th in the world in the recent Legatum 2019 Prosperity index. The country's 2019 performance dropped from 2018's 112th position. Nevertheless, Kenya showed [...]NSSF Appoints Antony Omerikwa as CEO
Labour Cabinet Secretary, Ukur Yatani, has appointed Mr Antony Omerikwa as Chief Executive officer for the National Social Security Fund (NSSF). Until his confirmation, Antony Omerikwa was the acting managing [...]MyDawa Partners with Umba For Medicine on Credit
MyDawa has partnered with digital lender, Umba, to offer medicine on credit. The new partnership will rely on the patient's credit score to give access to loans of up to [...]Family Bank Q3 Pre-Tax Profits hit KSh 1billion
Pre-tax profits for Family Bank Group rose to KSh 1.0 billion at the end of the third quarter of this year. This is compared to KSh 269.87 million over a [...]
Central Bank Cuts Key Rate For the first time in 17 Months
The Central Bank of Kenya(CBK) has lowered the Central Bank Rate (CBR) to 8.50 percent from 9 percent for the first time in 17 months. The MPC on 25 November [...]Delay in Payment of Bills Affecting Businesses
Delay in payment of bills by the government is negatively affecting businesses. According to Kenyan manufacturers, there is low liquidity in the market which has resulted in massive lay-offs by [...]City Hall Revenues Decline by 16%
A report tabled before county assembly states that City Hall collected about KSh 1.49 billion in three months to September. This was a 16% decline from revenues collected in a [...]MPC Expected to Lower the Central Bank Rate
The Central Bank of Kenya's Monetary Policy Committee (MPC) meets today Monday 25 November. Interestingly, this will be the first meeting since repealing the law capping interest rate in a [...]IMF to renew Kenya’s US$ 1.5 Billion Loan Facility in early 2020
The International Monetary Fund (IMF) has confirmed that renewal of a $1.5 billion standby credit facility with Kenya will take place in early 2020. This disclosure was made at the [...]
