Finance – Kenyan Enterprise https://www.kenyanenterprise.com/topics/finance/ Daily Breaking Business News, Finance, Economy, Technology and Startups On The Go! Fri, 15 Sep 2023 08:16:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://www.kenyanenterprise.com/wp-content/uploads/2019/03/cropped-IMG-20180823-WA0001-32x32.jpg Finance – Kenyan Enterprise https://www.kenyanenterprise.com/topics/finance/ 32 32 Lawmakers Prevent Senate from Looking into the National Debt https://www.kenyanenterprise.com/sites/inversk-review/article/lawmakers-prevent-senate-from-looking-into-the-national-debt/ Fri, 15 Sep 2023 07:35:14 +0000 https://www.kenyanenterprise.com/?p=24272 Parliamentarians have rejected Senate attempts to modify the Public Finance Management (National Assembly) (Amendment) Bill, 2023 in order to examine the nation’s national debt. Senators have proposed amendments that would have required the Treasury CS to report to the House on the nation’s borrowing and debt situation. The Senate would thereafter have had a similar […]

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]]> 7,000 More Investors Join the New Central Bank Bond Platform https://www.kenyanenterprise.com/sites/inversk-review/article/7000-more-investors-join-the-new-central-bank-bond-platform/ Wed, 13 Sep 2023 08:28:31 +0000 https://www.kenyanenterprise.com/?p=24258 Through the recently opened digital trading platform of the Central Bank of Kenya, over 7,000 new investors have registered for government debt instruments. The Central Securities Depository (CSD) infrastructure was upgraded with the DhowCSD system, which went operational on July 31, to improve the efficiency of investing in government securities. The platform has, for instance, […]

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]]> African Nations Pay High Prices on The Global Loan Market https://www.kenyanenterprise.com/sites/inversk-review/article/african-nations-pay-high-prices-on-the-global-loan-market/ Fri, 08 Sep 2023 11:19:01 +0000 https://www.kenyanenterprise.com/?p=24230 Due to the favorable rates being offered on the US financial market, African sovereigns will continue to confront high borrowing costs in the short term, making it more difficult to retire maturing Eurobonds for several nations over the next two years. According to George Asante, managing director of Citi and head of markets for Africa, […]

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]]> Budget Cuts Affect Uchumi Supermarkets Management https://www.kenyanenterprise.com/sites/inversk-review/article/budget-cuts-affect-uchumi-supermarkets-management/ Tue, 05 Sep 2023 07:17:57 +0000 https://www.kenyanenterprise.com/?p=24204 Members of the top management of Uchumi Supermarket Plc have secretly left as a result of the government’s decision to discontinue bailouts, leaving the company dysfunctional just as a recovery strategy is about to begin. This, combined with banks’ reluctance to issue new loans to the business, has paralyzed Uchumi’s ability to compensate its small […]

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]]> Sigh for Customers as Cooking Gas Drops by Up to Sh400 https://www.kenyanenterprise.com/sites/inversk-review/article/sigh-for-customers-as-cooking-gas-drops-by-up-to-sh400/ Fri, 28 Jul 2023 09:31:53 +0000 https://www.kenyanenterprise.com/?p=23908 After the government reduced taxes on the product, the price of refilling a 13-kilogram cooking gas tank dropped by up to Sh400. A 13kg of Total Gas now retails for Sh2,900, down from Sh3,300 a few days earlier, according to a spot-check by one local daily at multiple fuel outlets in Nairobi’s CBD. Additionally, the cost of […]

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]]> Ruto Calls for Reform of International Financial Systems https://www.kenyanenterprise.com/sites/lesile-selelo/article/ruto-calls-for-reform-of-international-financial-systems/ Sat, 08 Jul 2023 07:35:46 +0000 https://www.kenyanenterprise.com/?p=23759 African leaders and parliaments have been urged by President William Ruto to support the development agenda for the continent. He urged them to enact laws and policies that will unleash Africa’s potential and open doors for its people. According to the President, Africa has the assets and possibilities required to promote both domestically and globally a […]

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]]> How much State debt strains the Private sector https://www.kenyanenterprise.com/sites/clarasituma/article/how-much-state-debt-strains-the-private-sector/ Fri, 07 Jul 2023 06:59:27 +0000 https://www.kenyanenterprise.com/?p=23738 The World Bank has cautioned Kenya’s government about the private sector’s continued exclusion from the local debt market as a result of excessive borrowing. The multilateral lender observes that commercial banks have not reached their optimal level of investment support, as the Treasury continues to compete for credit from banks with households and businesses. Despite […]

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]]> Meta introduces Threads, a rival to Twitter https://www.kenyanenterprise.com/sites/clarasituma/article/meta-introduces-threads-a-rival-to-twitter/ Thu, 06 Jul 2023 10:22:24 +0000 https://www.kenyanenterprise.com/?p=23729 Threads, Facebook’s text-based rival to Twitter, was officially launched on Wednesday, with over five million sign-ups in the first few hours – but its release in Europe has been delayed due to data privacy concerns. Threads is the most serious competitor to Elon Musk’s Twitter, which has seen a slew of potential rivals emerge but […]

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]]> ‘Poor performers’ termination risks for employers https://www.kenyanenterprise.com/sites/clarasituma/article/poor-performers-termination-risks-for-employers/ Wed, 05 Jul 2023 09:18:51 +0000 https://www.kenyanenterprise.com/?p=23711 A precedent-setting judgment from a court is expected to tip the scales in Favor of workers who have been fired for subpar performance. It was noted that, especially when the employee has suggested areas that, if left in employment, will help them reach their goals, employers can no longer ignore the reasons for below-average performance. […]

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]]> Kenyan women doing same jobs as men paid 30pc less https://www.kenyanenterprise.com/sites/clarasituma/article/kenyan-women-doing-same-jobs-as-men-paid-30pc-less/ Tue, 04 Jul 2023 12:46:33 +0000 https://www.kenyanenterprise.com/?p=23704 According to a recent household survey, Kenyan women still have less access to job opportunities than men do, and they earn 30 percent less on average than men do for jobs that are similar. According to the Kenya National Bureau of Statistics’ 2022 Demographic and Health Survey, women in Kenya between the ages of 15 […]

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