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Life Style
Higher Capital Limits Put 25 Banks on Edge
25 licensed Kenyan commercial banks, more than half of the 39 licensed commercial banks, will have up to three years…
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Life Style
Wholesale Prices Decline to Record Lows
Kenya’s wholesale prices of goods and services softened to negative territory in the past one year to -1.8% from 11.4%…
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Life Style
Looming Inflation and Job Losses Stemming from Nature-Related Risks
The African Natural Capital Alliance (ANCA) and FSD Africa have released a report detailing the findings of the nature stress…
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Bank’s Regional Subsidiaries’ Profits Double as DRC Takes Lead
The Democratic Republic of Congo (DRC) is now the most profitable market for Kenyan banks’ subsidiaries within the East African…
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Life Style
Safaricom Shareholders Approve KSh26.04 Billion Final Dividend
Safaricom shareholders have approved a final dividend of KSh0.65 per share, amounting to KSh26.04 billion for the financial year ended…
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Life Style
Kenya Shilling Slips to a Two-Month Low
Last week, the Kenya Shilling weakened further against the US Dollar, closing the week at KSh 132.57 from KSh130.73 the…
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CBK Seeks KSh50 Billion in August Auction
The Central Bank of Kenya (CBK) is seeking to raise KSh50 billion from a tap sale of reopened 6.5 year…
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Inside Adani’s US$ 1.84 Billion JKIA Proposal
Adani Airport Holdings Limited (AAHL), an Indian based company, has proposed to invest US$ 1.84 billion to expand and run…
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Life Style
Birr Slumps as Ethiopia Floats Currency to Meet IMF Conditions
Ethiopia has announced plans to liberalize her foreign exchange market effective today, ahead of the IMF meeting. The exchange rate…
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Life Style
NCBA Waives Monthly Fees for Retail, Commercial Accounts
NCBA Group will not charge monthly fees for their retail banking accounts effective 1st July 2024 in a bid to…
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