KeNHA to rent out highway stations to hotels, private developers

Nairobi, Feb. 7 -- The State is eyeing new revenues from the proposed roadside stations along highways that will offer services such as restrooms, accommodation, parking, and restaurants for thousands... Read More

CBK in major operation to stop aggressive dollar bids

Nairobi, Feb. 6 -- The Central Bank of Kenya (CBK) is holding private meetings with banks to try to persuade them against aggressive quotes of the dollar in a bid to save the shilling from sliding pas... Read More

Shrinking order books hit manufacturers

Nairobi, Feb. 6 -- Manufacturers, wholesalers, and retailers are grappling with cash flow hitches on reduced demand for goods, reflecting the deteriorating pace of business activities. The Stanbic Ba... Read More

Insurers slash NSE investments to record lows

Nairobi, Feb. 6 -- Insurance and re-insurance firms have slashed their investment in stocks listed on the Nairobi Securities Exchange (NSE) to below two percent of their portfolio, amid continued inve... Read More

Co-op Bank raises daily ATM cash limit to Sh60,000

Nairobi, Feb. 2 -- Co-operative Bank of Kenya has raised its daily ATM [automated teller machine] withdrawal limit by 50 percent to Sh60,000, as banks start reviewing their daily transaction ceilings ... Read More

Banks seek rate raise pause as defaults hit Sh635.8bn

Nairobi, Feb. 1 -- The Kenya Bankers Association (KBA) wants a freeze on further monetary policy tightening by the Central Bank of Kenya (CBK) in the wake of a rise in the stock of bad loans for the f... Read More

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