Nairobi, March 22 -- Spooked by the failure of Silicon Valley Bank (SVB) as well as the resulting contagion, major central banks in the developed economies have launched coordinated action to enhance ... Read More
Nairobi, March 22 -- Spooked by the failure of Silicon Valley Bank (SVB) as well as the resulting contagion, major central banks in the developed economies have launched coordinated action to enhance ... Read More
Nairobi, March 15 -- Silicon Valley Bank (SVB), the largest commercial bank in Silicon Valley in America was put under regulatory administration last Friday after failing to raise new money to cover i... Read More
Nairobi, Feb. 22 -- The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) met on January 30, 2023 to, inter alia, review the outcomes of its previous rate decisions. The team then dec... Read More
Nairobi, Feb. 1 -- Reports that the Kenya Kwanza administration has, through the Kenya Revenue Authority, placed taxed demands on both Moi and Kenyatta families in relation to their wealth is hardly s... Read More
Nairobi, Jan. 25 -- The de-escalation, by the current Government, of the power tariff reductions that were effected in January 2022, while extremely unpopular, could be positive for future private sec... Read More
Nairobi, Jan. 18 -- On January 12, 2023, Centum Investments Company announced that it had called off the sale of its 83.4 percent stake in Sidian Bank to Access Bank, after the expiry of a six-month b... Read More
Nairobi, Jan. 11 -- Effective January 1, 2023, insurance companies entered a new financial reporting standard known as International Financial Reporting Standard 17 (IFRS 17). Fundamentally, the stan... Read More
Nairobi, Jan. 4 -- Effective January 1, 2023, commercial banks in Kenya are re-introducing charges for transactions between mobile money wallets and bank accounts, which were waived on March 16, 2020,... Read More