Kenya's Central Bank Retains Benchmark Policy Rate At 7%
The CBK, through its top decision-maker, the Monetary Policy Committee (MPC), has retained the key policy rate at 7%, stating that the current accommodative monetary policy stance remains appropriate. The [...]
KDF Pumps KSh1.4 Billion More into Kenya Meat Commission
The Kenya Defence Forces is set to pump KSh1.4 billion to the Kenya Meat Commission (KMC) after the National Assembly approved the expenditure in the Supplementary Budget. The Treasury has [...]
National Assembly Approves KSh6.7 Billion for Fuel Subsidy
The National Assembly has approved KSh6.7 billion for fuel subsidy, seeking to cushion consumers from economic impacts of rising petroleum prices. The funds will be channeled to the Petroleum ministry [...]Banks disburse a paltry KSh 2.1 Billion to MSMEs through State Credit Guarantee Scheme
Banks disbursed a total of KSh 2.11 Billion to support 1,291 Micro, Small and Medium-Sized Enterprises(MSMEs) through the state-run Credit Guarantee Scheme(CGS) in 2021. In the 2020/21 financial year, the [...]Kenya looks to FinTech to supercharge financial inclusion New Report
Kenya has the opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing ecosystem, according to a new research from TheCityUK and the [...]CBK is Polishing M-Akiba to Enhance its Appeal to Investors
The Central Bank of Kenya (CBK) is relaunching the M-Akiba product and will go live by June this year. All this is in an effort to entice investors to take [...]Policyholders of Collapsed Underwriters to Get More Compensation
Policyholders of collapsed insurance companies will soon get more in compensation if an ongoing review approves the increase. The Policyholders Compensation Fund(PCF) is at the moment paying upto KSh 250,000 [...]National Treasury finalizes amendments to the Public Finance Management Act
The National Treasury and Planning has finalized preparing the Public Finance Management (Amendment) Bill, 2022, the Public Finance Management (National Government) (Amendment)Regulations, 2022 and the Public Finance Management (County Government) [...]Kenya's Treasury to present 2022/23 Budget on April 7th 2022
Kenya's Cabinet Secretary for National Treasury and Planning Ukur Yatani is expected to present the 2022/23 budget statement to parliament on April 7th 2022, the last such official function for [...]Kenya Presidential Debates to take place in July 2022, Media Entities Announce
As Kenya prepares for elections, a lot is expected from the media to enable citizens make informed choices on issues and on candidates seeking electoral positions. The media plays a [...]Crypto Micropayments Could Save Kenyans USD 80 million by Drastically Reducing Cost of Cross-Border Remittances
A new microwork pilot project in Kenya by Celo Foundation and Mercy Corps Ventures has helped hundreds of Kenyan youth access digital jobs with greater earnings than ever before. The [...]
CBK Takes Plunge into Digital Currency Space
The Central Bank of Kenya (CBK)has finally taken a plunge into the deep waters of digital currency after stalling for a while. Kenya's monetary authority is inviting comments from the [...]
