Co-op Bank and Isuzu ink vehicle financing pact for schools, MSMEs
The asset finance scheme is designed for schools and businesses that desire easier financing terms to assist them in coping with the current cash-starved operating environment.
By 5 days ago
Co-op Bank and Isuzu ink vehicle financing pact for schools, MSMEs
StanChart defies economic jitters, issues Sh11b dividend
Total payout of Sh29 per share is on the back of higher interest and non-funded income.
By 5 days ago
StanChart defies economic jitters, issues Sh11b dividend
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Pioneer women CEOs leading the way in Kenya's banking sector
On Friday, Kenya and the rest of the world celebrated International Women’s Day. This global event honours women’s societal achievements in culture, politics, economics, and beyond.
By 8 days ago
Pioneer women CEOs leading the way in Kenya's banking sector
Mobile rules as Co-op Bank tops customer service
The Kenya Bankers Association (KBA) survey says bank customers in Kenya use mobile for banking more than any other channel.
By 11 days ago
Mobile rules as Co-op Bank tops customer service
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Dr Susan Koech: The 'Iron Lady' of Kenya's financial sector
Dr Koech shapes monetary policy and oversees currency, banking services. In this role, she ensures the stability and integrity of the nation’s financial system.
By 13 days ago
Dr Susan Koech: The 'Iron Lady' of Kenya's financial sector
KRA targets hustlers and farmers with enhanced tax enforcement
The taxman has launched the system at a time when its plans to expand the tax bracket to the informal sector have come under scrutiny. 
By 13 days ago
KRA targets hustlers and farmers with enhanced tax enforcement
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Optimism as shilling holds on to gains after Eurobond reprieve
Unit exchanged at an average of Sh143.5182 against the dollar on Friday. Development elevates newfound hopes of ending a currency crisis involving a steep decline in value.
By 14 days ago
Optimism as shilling holds on to gains after Eurobond reprieve
EU Parliament seeks tighter rules after graft allegations in Kenyan project
EU Parliament has called on the European Investment Bank (EIB) to tighten its accountability practices after an alleged corruption scandal in Kenya
By 14 days ago
EU Parliament seeks tighter rules after graft allegations in Kenyan project
All eyes on Kenya, EAC after European parliament backs free trade pact
Once ratified and entered into force, Kenya will receive duty-free and quota-free access to the EU, its biggest market where it sends roughly one-fifth of all its exports. 
By 16 days ago
All eyes on Kenya, EAC after European parliament backs free trade pact
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Budget experts fault Ruto's plan on Sh794b pending bills
Parliamentary Budget Office wants State to set aside Sh150 billion kitty each financial year to settle pending bills for the next five years. Treasury CS says verification to be completed in March.
By 18 days ago
Budget experts fault Ruto's plan on Sh794b pending bills
Tony Elumelu Foundation case study becomes part of Harvard's curriculum
The case study, the first of its kind on any philanthropic organisation in Africa, was to be launched today before a class of graduate students in Boston, Massachusetts.
By 18 days ago
Tony Elumelu Foundation case study becomes part of Harvard's curriculum
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Shilling set for fresh pressure as dividend payout season looms
The fresh pressure is expected amid increased demand for greenbacks from a range of clients, traders said on Monday.
By 19 days ago
Shilling set for fresh pressure as dividend payout season looms
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More delays in Kenya oil dream as State holds up firm's exit plan
Canada’s Africa Oil Corp now says its earlier announced plans to pull out of Kenya’s Turkana oil project have hit fresh headwinds following delayed State approvals.
By 19 days ago
More delays in Kenya oil dream as State holds up firm's exit plan
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Wash wash: Kenya's dirty cash haven tag sparks jitters across the business world
FATF placed Nairobi in its infamous grey list, citing inadequate measures by the government in fighting money laundering and terrorist financing.
By 20 days ago
Wash wash: Kenya's dirty cash haven tag sparks jitters across the business world
Lenders in fresh round of loan hikes
The higher rates could trigger a fresh wave of bad loans, starting with an immediate spike in the fourth quarter as frailer borrowers begin defaulting owing to the higher rates.
By 27 days ago
Lenders in fresh round of loan hikes
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Goal too far? Missed tax target slows Ruto's economic plan
KRA missed its targets by nearly Sh100 billion in the five-month period to November 2023, dealing a blow to the government’s revenue and development plans.
By 28 days ago
Goal too far? Missed tax target slows Ruto's economic plan
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KRA in fresh tax crackdown on Kenyans abroad, luxury buyers
KRA reckons the new campaign will help step up compliance amid the mounting scrutiny on the tactics it uses to enhance compliance.
By 27 days ago
KRA in fresh tax crackdown on Kenyans abroad, luxury buyers
NSE appoints Frank Mwiti as new CEO
Mwiti will take the helm of the NSE at a time the bourse and Kenya's capital markets regulator are keen to stimulate more firms to list at the bourse and end a listing drought.
By 27 days ago
NSE appoints Frank Mwiti as new CEO
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Banks to dig deeper into their pockets in new licensing plan
Ruto government reckons the move will help “strengthen the resilience of the financial system.” Such fees for commercial banks were last reviewed in 1990.
By 28 days ago
Banks to dig deeper into their pockets in new licensing plan
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Wrangles rock Maendeleo Ya Wanawake Organisation
Donor funds and control of property are at the heart of a vicious fight within Maendeleo Ya Wanawake Organisation (MYWO) where two factions have locked horns.
By 1 month ago
Wrangles rock Maendeleo Ya Wanawake Organisation
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Is a new revolution brewing for farmers with coffee auction posting record weekly prices?
Data from NCE reveals a premium price of $533 (Sh81,549) - as per Friday's official exchange rate of 153.2039- for a 50-kilogram bag of coffee.
By 1 month ago
Is a new revolution brewing for farmers with coffee auction posting record weekly prices?
Hope for end to economic pain as shilling sustains dollar rally
The Shilling sustained its rally against the US dollar on Friday raising optimism among traders and consumers on the for a lower cost of living.
By 1 month ago
Hope for end to economic pain as shilling sustains dollar rally
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Rallying shilling raises hope for an end to economic crisis
The strengthening of the local currency also sets up the country for a lower cost of electricity and reprieve from debt servicing distress.
By 1 month ago
Rallying shilling raises hope for an end to economic crisis
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Ruto's Eurobond gamble pays off as debt plan gets global backing
The government says they got bids of up to $6 billion against an issue of $1.5 billion. The move restores confidence in the country’s debt management.
By 1 month ago
Ruto's Eurobond gamble pays off as debt plan gets global backing
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Looming job crisis threatens millions as more firms see red
Four in ten companies reckon the worsening business on the back of higher tax and regulatory levies burden coupled with slow demand from consumers could hurt their operations.
By 1 month ago
Looming job crisis threatens millions as more firms see red
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State expands oil import deal amid IMF, local dealers' scrutiny
Cash-rich oil dealers have joined the government-to-government oil import deal amid mounting scrutiny of the initiative by the industry and the International Monetary Fund (IMF).
By 1 month ago
State expands oil import deal amid IMF, local dealers' scrutiny
Capital markets: Absa teams up with professional bodies to boost staff capacity
The initiative aims to improve the value provided to their customer base by actively engaging in various Capital Markets offerings and achieving the best possible outcomes
By 1 month ago
Capital markets: Absa teams up with professional bodies to boost staff capacity
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Inside Ruto's Sh320 billion Eurobond gamble
Ruto’s cash-strapped administration is seeking to raise billions of shillings of new debt from international investors in a bid to help Kenya repay its Sh320 billion Eurobond debt.
By 1 month ago
Inside Ruto's Sh320 billion Eurobond gamble
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Ruto's cheap credit dream for hustlers dies
Borrowers are staring at expensive loans after the Central Bank of Kenya (CBK) increased its benchmark lending rate by 50 basis points to 13 per cent.
By 1 month ago
Ruto's cheap credit dream for hustlers dies
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CBK says M-Pesa outages pose significant risk to the economy
Mpesa accounts for over 90 per cent of Kenya's mobile money transactions. CBK is in talks with Safaricom to resolve the glitches.
By 1 month ago
CBK says M-Pesa outages pose significant risk to the economy
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CBK's Thugge sees light at end of tunnel amid loans shocker
Apex bank has raised its benchmark lending rate by 50 basis points to 13.00 per cent from the previous 12.50 per cent in move to stabilise the shilling.
By 1 month ago
CBK's Thugge sees light at end of tunnel amid loans shocker
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Why bank branches are bouncing back
Leading tier-one Kenyan lenders are opening new brick-and-mortar branches by the dozens, bucking a trend of predicted banking hall closures at a time when banks have shifted to digital platforms.
By 1 month ago
Why bank branches are bouncing back
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Safaricom tightens its grip on M-Pesa flows to curb dirty cash
Telco will no longer allow its customers to transfer funds from M-Pesa to unregistered mobile money customers with financial institutions to verify people who carry out M-Pesa transactions.
By 1 month ago
Safaricom tightens its grip on M-Pesa flows to curb dirty cash
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Living cost, shilling tests as CBK holds MPC meeting
Kenyans are forking out more to purchase basic commodities as the shilling remains weakened due to external pressures.
By 1 month ago
Living cost, shilling tests as CBK holds MPC meeting
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CBK to unmask shadowy bank owners in anti-dirty cash rules
CBK has warned of fines of up to Sh20 million for not disclosing true owners of financial institutions. Banks are among outfits providing convenient conduits through which money flows.
By 1 month ago
CBK to unmask shadowy bank owners in anti-dirty cash rules
AfDB throws Kenya new debt lifeline amid Eurobond jitters
AfDB approved budget support to Kenya last year amounting to Sh12.8 billion. The loan is expected to be finalised this year ahead of disbursement.
By 1 month ago
AfDB throws Kenya new debt lifeline amid Eurobond jitters
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Cash-strapped parents now turn to loan apps for school fees
New data now shows that cash-strapped parents and guardians are increasingly turning to mobile loan apps for education financing.
By 1 month ago
Cash-strapped parents now turn to loan apps for school fees
UNECA urges China, developing countries to join forces to tackle trade challenges
The UN Economic Commission for Africa has stated that the Group of 77 countries plus China serves as a significant platform for developing nations to ensure their collective voices are heard.
By 1 month ago
UNECA urges China, developing countries to join forces to tackle trade challenges
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Cheers to less beer? Inflation takes gulp out of alcohol craze
EABL says multiple excise tax increases in Kenya and inflation have exacerbated consumer prices and have particularly impacted price-sensitive consumers.
By 1 month ago
Cheers to less beer? Inflation takes gulp out of alcohol craze
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Broken promise? Weak shilling haunts Kenyans, deals blow to Ruto's economic recovery plan
Prices of goods and services continue to rise as local unit falls against dollar. Economists say government must take measures to assure investors of currency stability.
By 1 month ago
Broken promise? Weak shilling haunts Kenyans, deals blow to Ruto's economic recovery plan
Transport tycoon's widow battles lender over Sh174m 'fictitious' loan
Financial Standard
By Kamau Muthoni
6 hrs ago
It's high time we went the lottery way in allocating public sector jobs
Financial Standard
By Macharia Kamau
6 hrs ago
14 years on, Kenya's oil dream still a mirage amid mounting Tullow woes
Financial Standard
By Macharia Kamau
6 hrs ago