CBK holds its benchmark lending rate at 8.75%
Business
Central Bank of Kenya held its benchmark lending rate steady at 8.75% on Monday, its monetary policy committee said, saying its last hike in November was still working its way through the economy.
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CBK holds its benchmark lending rate at 8.75%
Reuters
Central Bank of Kenya held its benchmark lending rate steady at 8.75% on Monday, its monetary policy committee said, saying its last hike in November was still working its way through the economy.
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Tala, M-Kopa, Letshego among 12 latest digital lenders licensed by CBK
Rose Gicheru
Central Bank of Kenya (CBK) has licensed 12 more digital lenders including Tala, M-Kopa, Zanifu and Letshego."This brings the number of licensed DCPs to 22 following the licensing of 10 DCPs announced in September 2022. CBK has received 381
KLM apologises to Tanzania over "civil unrest" travel advisory
Michael Majanga
The Dutch national carrier KLM has apologised to the government of Tanzania over an advisory warning it issued over the weekend against the East African nation.In the travel advisory, KLM had said that the "civil unrest" between Friday and
Civil unrest.. What civil unrest? CS Murkomen calls out Dutch Airline KLM over false alarm
Alex Waithaka
Transport Cabinet Secretary Kipchumba Murkomen has taken issue with a false alarm raised by Dutch Airline KLM abou
Ex-Mumias workers write to Ruto, demand expulsion of Sarrai Group
TV47
Former workers of Mumias Sugar Company have written an open letter to President William Ruto to speed up the re
Tala increases loan limit to KSh50,000 in line with customer demands
TV47
Digital financial services firm Tala has increased its loan limit from KSh30,000 to KSh50,000. The decision was inspired by the Tala’s MoneyMarch 2022 Report, which noted customers' desire to borrow more. Up to 78% of the f
"KSh94,000 an hour!" Prostitutes milk global leaders at World Economic Forum in Davos
Albanus Kiswili
Demand for the world's oldest profession is expected to skyrocket in the Swiss Alpine town of Davos as the Global elite tackling worlds greatest's problems meet at the World Economic Forum’s (WEF) Annual Meeting in Davos.The forum will se
Maseno University student who funds his dreams through 'mjengo', 'beba beba'
Rose Gicheru
Although the government provides student loans for tertiary studies, some students still resort to alternative means
Inside Kenya Kwanza ambitious plan to operationalise KSh40B Dongo Kundu SEZ by July 2023
Michael Majanga
The National Government has announced plans to operationalize the multi-billion Dongo Kundu Special Economic Zone by July 1 this year. Trade and Investment Cabinet Secretary Moses Kuria on Monday said the Sh40 billion project, which had be
Parts shortages impact Kenya Airways, cause flight disruptions
Reuters
Kenya Airways is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday.The airline, which is one of Africa's biggest, may be forced to cut some flights if the
KRA, DCI, shut down illegal distillery in Nyahururu, issue owner with summons
TV47
Detectives and Kenya Revenue Authority officials have shut down an illegal alcohol distillery plant in Nyahururu to
Kenyan shilling under pressure from oil importers as end of subsidies nears
TV47
Kenya's shilling was stable in early trade on Thursday, but it was expected to weaken during the session due to increased demand for dollars from oil retailers, traders said.At 0705 GMT, commercial banks quoted the shilling at 123.35/55 per
Kenya turns to lenders for $900 million after Bond yields surge
Reuters
Kenya is raising $900 million in planned external commercial financing for its fiscal year to June from international banks, the finance ministry said in a memorandum to the International Monetary Fund.
IMF approves KSh55 billion loan to Kenya, says economy remains resilient
Michael Majanga
The Executive Board of the International Monetary Fund (IMF) on Monday, December 19 approved the immediate disbursement of KSh55.1 billion loan to Kenya.This board's decision completes the fourth review of the 38-month arrangements under th
US-based Kenyan tycoon Julius Mwale meets 19 African presidents, discuss investment opportunities
TV47
Julius Mwale, the U.S-based Kenyan tycoon and founder of Mwale Medical and Technology City (MMTC) met 19 Presidents
KCB purchases one of Congo's biggest banks
TV47
KCB Group Plc has announced the completion of the acquisition of Trust Merchant Bank SA (TMB) after receiving all the regulatory approvals. The Group now owns 85% stake in the Democratic Republic of Congo (DRC) based lender.
Visa Inc. to partner with the 'Hustler Fund'
Alex Waithaka
American multinational financial services corporation Visa Inc. will partner with Kenya's Hustlet Fund to facilitate faster access. President William Ruto announced this after meeting the company's Chief Executive Officer Alfred F. Kelly J
Kenya hands over OACPS presidency, welcomes creation of diaspora trade platform
TV47
Kenya has handed over the presidency of the Organisation of African, Caribbean and Pacific States (OACPS) to Angola after two years at the helm of the inter-continental body.
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Ruto promises to get new investor to revive Mumias Sugar
Michael Majanga
President William Ruto on Thursday, December 8 said he is going to get a new investor to revive collapse Mumias Sugar Company and restore thousands of jobs losses in the troubled sugar miller. Speaking during his first trip to Western
Want a school fees loan? Here's a solution
Alex Waithaka
Aspira Kenya, a leading financial institution supporting consumers and small businesses, and a member of Mauritius-based Cim Group, has launched an education loan product as part of its efforts t
How to apply for Hustler Fund
TV47
The Hustler Fund will be launched today. The ceremony in Nairobi will be presided over by President William Ruto. The launch will be beamed live by 'TV47' on terrestrial and all the digital platforms. The Hustler Fund was one of
Explore alternative ways to speed up economic recovery- African countries urged
TV47
African economies have been urged to include food security, climate change mitigation and adaption framework in the economic agenda. This was said during the African Economies Research Conference (AERC) 57th Biannual Research Workshop.
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Karen residents want Betty Kyallo's new restaurant shut down
TV47
With the crackdown on noisy clubs in residential areas, residents of Nairobi's suburb Karen are now calling for the closure of Betty Kyallo's restaurant - The Summer House.The Karen Lang’ata District Association issued a statement to the
High Court judge declines to hear Rao’s application in Mumias Sugar lease case
TV47
Ponangipalli Ramana Rao, the former administrator of Mumias Sugar Company, on Friday suffered a major blow after Hig
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Mumias Sugar workers, farmers strike; accuse Sarrai of failing to honour agreement
TV47
Mumias Sugar workers and sugarcane farmers have accused Sarrai Group of failing to honour its promises to pay their
Kenya's Asha Mweru Mbowa appointed MD of African Management Institute Enterprise
TV47
The African Management Institute (AMI), the continent’s leading business learning company has announced the launch of AMI Enterprise, a new division dedicated to boosting workplace and professional skills for growth-stage and established compani
Safaricom Ethiopia attains over 1 million subscribers in just a month
Roving Correspondent
Safaricom Telecommunications Ethiopia PLC has attained over one million subscribers just a month after starting its operations in the country.
4.2 million Kenyans removed from CRB, their unpaid mobile loans reduced by 50% as CBK announces deal
Michael Majanga
The Central Bank of Kenya on Monday, November 14 announced a programme that will see Kenyans blacklisted by CRBs for defaulting on mobile loans pay only 50% of the amount they owe digital lenders.In a bid to improve the credit standing of m
A 300MW capacity green ammonia and fertiliser facility to be built in Kenya by 2025
PS CU
Kenya has entered into an agreement with a multinational firm to fast-track the development of affordable green fertiliser. Under the pact, Fortescue Future Industries and the Government of Kenya will work together to build a 300MW capacit
"I'm very disappointed with our pilots!" - CS Murkomen says KQ strike illegal
Michael Majanga
Transport Cabinet Secretary Kipchumba Murkomen has faulted Kenya Airways (KQ) pilots for participating in what he says is
