PRIME CBK seeks Sh50bn from bond sales to meet local loans target Investors continue to demand a premium to hold government bonds in the stay of high interest rates and increased domestic borrowing by the State.
PRIME CBK plans expanded role to police all credit providers The apex bank said it is pushing for the larger role noting that not all credit providers fall under the ambit of regulated entities at present.
PRIME Sign-ups on CBK bond platform cross 80,000 More than 80,000 new investors have signed up on the digital trading platform for government debt securities
PRIME Australia, Canada fastest-growing sources of Kenya's dollar inflows Australia, Canada, and the United Arab Emirates have emerged as Kenya’s fastest-growing source markets of remittance dollars.
PRIME International market economists see shilling weakening to 145 levels Economists working with leading global banks, consultancies, and think tanks now see the shilling weakening at a slower pace.
CBK raises extra Sh24bn from June bonds tap sale CBK has realised a further Sh23.8 billion from the tap sale of four papers reopened to investors this month.
PRIME Kenya FDI flows dip Sh12bn on red tape, trail Ethiopia, Uganda Kenya’s foreign direct investment (FDI) inflows fell $93 million (about Sh12 billion) last year.
MPs back plan to tax infrastructure, green bonds MPs have backed the Treasury’s proposal to start taxing infrastructure and green bonds.
CBK seeks Sh20bn from bond tap-sale in bid to hit domestic borrowing target The government has returned to the market for an additional Sh20 billion via a tap sale of the June bond.
PRIME Interbank borrowing rates fall to six-month low on CBK reforms Interbank lending rates have fallen to a six-month low of 12.922 percent on reforms initiated by CBK.
PRIME Treasury cuts foreign commercial loans target 41pc The National Treasury has cut its target for external commercial loans in the next financial year by 41 percent.
Diaspora remittances jump 18.9 percent in five months Kenyans living and working abroad sent home Sh258.9 billion during the first five months of the year.
Rubis retains Sh4.6bn bonds in fuel subsidy payments from State Oil marketer Rubis Energy Kenya retained 26.6 million euros (Sh4.6 billion) worth of pending fuel subsidy debt.
PRIME Shilling rallies to 15-month high on lower dollar demand The shilling has climbed to a 15-month high against the dollar.
PRIME MTN Uganda share sale oversubscribed on incentives The sale of additional shares by South Africa’s MTN Group in its Ugandan subsidiary was oversubscribed by 2.3 times.
CBK raises Sh61 billion from bond sales, surpasses monthly target The Central Bank of Kenya (CBK) has raised Sh61 billion from four bonds sold last week.
PRIME State to net Sh1bn from share sale in six listed firms The government is set to unlock at least Sh999.1 million from the sale of its shareholding in six listed companies.
Africinvest completes purchase of I&M stake Private equity fund Africinvest has completed the purchase of a 10.13 percent stake or 167.53 million shares in listed lender I&M Group.
PRIME Retired civil servants suffer Sh2.1bn bond paper losses The Public Service Superannuation Fund (PSSF) realised Sh2.1 billion in paper losses.
PRIME CBK tightens interbank rates to lower credit costs CBK has tightened the gap between interbank rates.
PRIME Why Central Bank of Kenya won’t slash its key lending rate just yet CBK has said it will not cut its indicative lending rate just yet.
PRIME CBK bags Sh12bn interest from loans to Treasury CBK will earn a total of Sh12.62 billion in interest from emergency lending to the National Treasury.
PRIME Loan defaults hit 18-year high on soaring interest rates Kenyans had defaulted on more than Sh630 billion loans in April 2024.
Kuza hits Sh1 billion assets under management Kuza Asset Management has attained a milestone after assets managed by the unit trust hit the Sh1 billion mark.
PRIME State plans second Sh130bn Eurobond buyback in 2024 Kenya is seeking to spend another Sh130.7 billion this year to pay off its multi-billion-shilling Eurobond maturing in 2027.