Banks to Lower Lending Rates, Easing Credit Access for Economic Recovery
Kenyan banks have finally agreed to begin lowering lending rates in a bid to ease access to credit and support…
Category: Business
Premier Bank Partners With Mastercard To Launch Shari’ah-Compliant Cards For Digital Financial Inclusion In Kenya
Premier Bank has partnered with Mastercard to introduce a range of Shari’ah-compliant debit, credit, and prepaid cards, marking a significant…
CBK Slashes Lending Rate to 11.25%—Calls on Banks to Lower Interest Rates and Boost Economic Growth
The Central Bank of Kenya’s Monetary Policy Committee (MPC) has reduced the Central Bank Rate (CBR) from 12.00% to 11.25%.…
Burhani Engineers Partners with Swisscontact’s PropelA to Bridge Skills Gap and Tackle Youth Unemployment in Kenya
Swisscontact, a globally recognized organization dedicated to fostering economic development through skills training, has created the PropelA program to bridge…
Kenyan Private Sector Sees Marginal Growth In November, Driven By Strong Sales And Increased Demand
Kenyan businesses reported a notable improvement in conditions midway through the final quarter of 2024, with sales growing at the…
Tatu City Designated Regional Hub for World Free Zones Organization
Tatu City has been designated as the Regional Office and National Contact Point for the World Free Zones Organisation, solidifying…
Central Bank Of Kenya Welcomes New Faces To The Monetary Policy Committee (MPC)
Four new members have been appointed to the Central Bank of Kenya (CBK) Monetary Policy Committee (MPC), the body responsible…
The Capital Markets Authority Clears Amsons Group to Acquire Bamburi Cement for Ksh 23.59 Billion
The Capital Markets Authority (CMA) emphasized that Amsons’ offer remains the only valid one, approved without changes. Shareholders who had…
Listed Banks Report Mixed Results with Loan Contractions, Government Securities Uptick, and Profit Surges
Banks demonstrated a notable shift toward government securities during the period. Six of the nine listed lenders increased their holdings,…
Auditor General Flags Kenya Power’s Sustainability Amid Operational And Financial Challenges
Kenya Power recorded a negative working capital of Ksh 27.4 billion, marking a marginal improvement from the Ksh 51.2 billion…