Kenya Govt to Roll Out Next Spending Plan
The Kenya government plans to roll out the third phase of its Economic Stimulus Programme(ESP) that targets interventions in agriculture, health, education, drought response, policy, infrastructure, financial inclusion, energy, and [...]
Radisson Blu Hotel Reopens its Doors
Radisson Blu, a global hotel brand, has announced its Upper Hill Hotel establishment's reopening on May 9th, 2022, in Nairobi. The hotel, which is located in the middle of the [...]Kenya Pipeline Company Clarifies on Fuel Shortage
Kenya Pipeline Company(KPC) has confirmed sufficient fuel stocks in all its depots across the country. This follows fuel shortages at the pump at various pump stations, including Nairobi and parts [...]Kenyan Banks’ at Risk, says Fitch Ratings
Kenyan banks’ profitability recovery may be disrupted by the Russia-Ukraine conflict through second-order risks to the banks' operating environment, Fitch Ratings says. According to the US rating agency, lenders in [...]NCBA Group Net Profit Doubled to KSh 10.2 Billion in 2021
NCBA Group Plc more than doubled its net earnings for the financial year ended 31st December 2021 to KSh 10.2 Billion from KSh 4.6 Billion posted over a similar period [...]Treasury Collects KSh 24.9 Billion in March T-Bonds Tap Sale
Treasury has taken a further KSh 23.9 billion from a second-round sale of Treasury Bonds in March 2022. This is to take its cumulative flows from bonds in March to [...]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 [...]KCB posts 74% jump in Net Earnings to KSh34.2Billion in 2021
KCB Group Plc recorded a 74% rise in Net Earnings to KSh34.2Billion in 2021 in, what the lender attributes to growth in total income and reduction in loan loss provision [...]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) [...]Moderna to set up its first African vaccine facility in Kenya worth $500 Million
American pharmaceutical and biotechnology company Moderna, Inc. has announced plans to build its first African mRNA jab-manufacturing facility in Kenya at a cost of $500 Million. The company said it [...]
The CBK Collects KSh 26.5 Billion from Weekly T-Bills Auction
The Central Bank of Kenya(CBK) accepted KSh 26.5 Billion out of bids received worth KSh 29.3 Billion, a performance rate of 122.12% The most attractive instrument was the 91-day Treasury [...]Kenya Shilling Hits a New low As Import Prices Soar
The Kenya Shilling was quoted at a mean rate of 113.8353 by the Central Bank of Kenya(CBK) when trading opened at the forex markets this Monday, 28th February 2022. This [...]
