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Upmarket rent declines 6.6pc on foreigners exit

Nairobi, Sept. 15 -- Rent on Kenyan high-end property has fallen by 6.55 percent over the last six months as foreigners returned to their countries during the coronavirus pandemic, dragging down the v... Read More


CBK income from selling forex to State doubles

Nairobi, Sept. 15 -- Demand for foreign exchange by the government to meet debt payments and international obligations helped the Central Bank of Kenya (CBK) double its income from selling hard curren... Read More


CBK bank fines grow 20 times on NYS scam

Nairobi, Sept. 7 -- Central Bank of Kenya (CBK) kitty that holds fines paid by banks in breach of regulations swell 20 times on the back of penalties lenders paid for hiding suspicious in connection w... Read More


CMA declines out-of-court deal with illegal online forex firm

Nairobi, Sept. 7 -- An online currency trading company accused of operating illegally and defrauding Kenyans of millions of shillings tried to cut a deal with the Capital Markets Authority (CMA) to av... Read More


Attorney General fights Ndegwa ouster at CMA

Nairobi, Aug. 25 -- The Attorney-General has defended the appointment of James Ndegwa as the chairman of Capital Markets Authority (CMA) in a court case filed by activist Okiya Omtatah seeking his rem... Read More


Bankruptcy filings dip despite rising debt

Nairobi, Aug. 17 -- Kenyans are avoiding filing for bankruptcy amid mounting debts and a rise in seizure and auction of defaulters' properties. Official data shows that only four Kenyans filed for ba... Read More


Why broke Kenyans are shunning bankruptcy

Nairobi, Aug. 17 -- Kenyans are avoiding filing for bankruptcy amid mounting debts and a rise in seizure and auction of defaulters' properties. Official data shows that only four Kenyans filed for ba... Read More


Civil servants, teachers to take 7.5pc salary cut from January

Nairobi, Aug. 4 -- More than 530,000 civil servants, including police and teachers, will in January have their take-home pay cut by 7.5 percent as they start contributing to their pension savings sche... Read More


Civil servants, teachers to take 7.5pc pay cut

Nairobi, Aug. 4 -- More than 530,000 civil servants, including police and teachers, will in January have their take-home pay cut by 7.5 percent as they start contributing to their pension savings sche... Read More


Middle-class downgrade from pricey apartments

Nairobi, July 25 -- At one point, Kenya's city residents may have probably sung along to 'The Jeffersons' theme song 'Movin on up, to the deluxe apartment up in the sky, having finally gotten a piece ... Read More