PRIME Why the World Bank sees risks in rapid CBR cuts Lender warns of risk of inflation and exchange rate volatility, on the back of global economic uncertainty after the US tariffs.
Private sector deals rise at fastest pace in 10 months on better cash flow The overall positive performance, however, failed to trigger hiring, which remained subdued.
Story withdrawn The story has been withdrawn for incorrectly comparing the ongoing amendments with an older KDIC Act of 2012 that addresses compensation for holders of multiple bank accounts. The updated Act...
PRIME Consumers win as internet service providers battle for market share Airtel has more than halved the pricing for its monthly data packages while making additions to the service offerings.
CBK cuts lending rate to 10.75pc to boost private sector credit It has reduced the cash holdings requirement for banks to 3.25 percent.
PRIME Value of Kenya mergers and acquisitions hits Sh67bn despite lower volumes In East Africa, trailing Kenya was Uganda with 12 deals in 2024 valued at $225 million from 10 deals worth $123.1 million in the year before.
PRIME Banks end 2024 in rare lending pullback This has been a rarity for the banking industry, which hasn’t registered a loan book contraction for at least 17 years.
PRIME Tanzania tycoons unleash fat cheques into Kenyan ventures Tanzanian tycoons with briefcases bursting with cash are buying top Kenyan firms or establishing ventures in high-growth and capital-intensive sectors.
PRIME Use of bank cards for retail payments falls to 6-year low Consumers are using credit and debit cards for retail payments less compared to cash and mobile money platforms.
PRIME Kenya attracts Sh117.8bn in new investments, surpassing target The ventures that set up shops helped create 12,061 jobs, the report states, more than double the year before.
Jamie Dimon charts JPMorgan expansion plan into Africa In Kenya and Cote d'Ivoire, the bank says it will focus on commercial and investment banking and treasury services.
PRIME Banks’ eight-month profit up 12pc to Sh181bn amid defaults CBK data shows that January to August earnings grew from Sh162.3 billion posted in the same period last year.
PRIME Cheque values fall to four-year low as digital transactions rise Banks have moved to keep the cheques relevant by cutting the settlement times and even reducing the fees involved.
PRIME CBK clears all banks for risk-based loans models Under risk-based lending, banks use various resources including information from credit reference bureaus to set up a credit scoring system.
PRIME Power prices dip 22pc in nine months on low forex, fuel costs The strong shilling has seen the foreign exchange rate fluctuation adjustment component of power bills cut by 84 percent.
PRIME State seeks continent-wide accreditation for Kebs to boost trade flow AfCFTA secretariat is seeking to harmonise standards.
Inflation rallies to two-month high on higher food costs Kenya's annual inflation bucked months of easing in August on a fresh increase in the prices of food.
PRIME Why Safaricom wants billionaire Musk’s Starlink out of Kenya The number of Kenyans using satellite internet has surged since Starlink entered the Kenyan market last July.
Umeme interim dividend rises to Sh0.9 per share Umeme’s main shareholders include the International Finance Corporation
PRIME Banks post record Sh140bn half-year profit amid high rates Interest rates have been rising in line with increased CBR.
Invesco Assurance placed under statutory management Last year, the insurer rushed to the High Court after the IRA stopped it from issuing new covers.
PRIME Offshore investors shun T-bonds after downgrades Foreign buyers factor in protests and latest Moody's and Fitch credit ratings in their purchase decisions
Urgent reforms needed to tackle mounting debt crisis in Africa Since 2020, the impacts of Covid-19 and the on-going Ukraine war, coupled with worsening climate conditions have resulted in African governments having credit-rating downgrades
SBG Securities profit falls 91pc in half year Stanbic booked an income of nearly Sh1 billion from the transaction, which was one of the single largest seen in Kenya’s capital markets history.
Cash handled by mobile money agents up 10 percent to Sh8.6trn M-Pesa is the dominant mobile money platform in the country, with well over 97 percent of the local market
