The World Bank has cautioned Kenya’s government about the private sector’s continued exclusion from the local debt market as a...
Given the large number of excess reserves that lenders held at the end of last week, the rate at which banks borrow from one another in...
Following approval by MPs to change the debt ceiling from the current Sh10 trillion to an anchor, the Treasury has five years to reduce the nation’s...
Household bank deposits have surpassed Sh2 trillion for the first time, indicating that individuals’ cash holdings have grown over time. According to new Central Bank of...
A special economic zone (SEZ) license has been granted to investment company Centum, covering more than half of its Two Rivers development in Nairobi. Centum is...
This month, as part of a crackdown on fraud that has cost the government-run insurer billions of shillings, the State will conduct a lifestyle audit on...
The Kenya Revenue Authority (KRA) has filed a court petition to order the freezing of funds in three bank accounts held by various Chinese companies that...
Equity Group will pay RWF54.68 billion (Sh6.67 billion) for a controlling interest in a Rwandan bank, the most recent in a string of transactions that have...
Independent power producers (IPPs) have petitioned Parliament for permission to break Kenya Power’s monopoly and provide electricity directly to consumers. In order to prevent power theft,...
Amid concerns about money laundering, Kenyans living and working abroad are increasingly choosing traditional, less expensive money transfer methods like “hawala” instead of banks when sending...
