Listed banks pay out 49pc of NSE dividends

Nairobi, April 19 -- Listed banks accounted for nearly half of all dividends paid out by Nairobi Securities Exchange (NSE) firms, an analysis of data from the bourse shows. The lenders' latest divide... Read More

World Bank backs Central Bank of Kenya interest rate hike

Nairobi, April 14 -- The World Bank Group has credited interest rate increases by the Central Bank of Kenya (CBK) and the partial settlement of Kenya's debut Eurobond for the shilling's rally seen sin... Read More

CBK sees rebound in imports on stable exchange rate

Nairobi, April 9 -- The Central Bank of Kenya (CBK) has projected a rebound in imports this year, as the exchange rate and dollar availability mark a significant improvement from last year. A jump in... Read More

I&M Bank doubles growth in personal accounts on fee waiver

Nairobi, April 8 -- I&M Bank Kenya doubled growth in personal accounts last year by waiving bank-to-mobile-money transaction fees. In new disclosures, the bank says it added 68,666 accounts in 2023 c... Read More

Safaricom's Mali unit trust asset base hits Sh1.4bn

Nairobi, April 8 -- Total assets managed by the Safaricom-backed unit trust scheme, Mali hit Sh1.4 billion in the year ended December 2023, new disclosures show. A unit trust is typically a collectiv... Read More

Interest rates on Treasury bills drop first time in two years

Nairobi, April 8 -- Interest rates across all three Treasury bills have fallen for the first time in over two years, pointing to the beginning of an end to the rise in yields on government securities.... Read More

Kenya set for Sh131 billion new IMF financing June

Nairobi, April 5 -- Kenya is set for Sh131 billion ($1 billion) in new financing from the IMF in June at the end of the seventh review of its multi-year programme with the multilateral lender. The di... Read More

CBK raises Sh45 billion from reopened five, 10-year bonds

Nairobi, April 5 -- The Central Bank of Kenya (CBK) has mopped Sh45.8 billion from the recently reopened five-year and 10-year bonds. The uptake beats the target of Sh25 billion after a huge investor... Read More

Bad bank loans hit record 15.5pc as CBK pauses rate increases

Nairobi, April 4 -- Non-performing loans (NPLs) have hit a new multi-decade high of 15.5 percent of the banking industry's total lending as private sector credit growth softens. Central Bank of Kenya... Read More

Japanese firm eyes Kenyan wholesale and retail used vehicle parts market

Nairobi, April 4 -- Japanese trading firm Kaiho Industry Co. Limited has set sights on both wholesale and retail clients as its auction for used automotive spare parts and accessories gets underway. ... Read More

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