Nairobi, March 11 -- Money available to banks for investments and lending has increased as deposits rise on improved interest rates, coming after the Central Bank of Kenya (CBK) rate hikes that drove ... Read More
Nairobi, March 10 -- In the race to bring down the cost sending money across borders to at most one percent of transaction value, the International Monetary Fund (IMF) and World Bank have put on the t... Read More
Nairobi, March 10 -- The International Monetary Fund's (IMF) board has approved disbursement of $120 million to Uganda after the fifth review of the Extended Credit Facility (ECF) programme that will ... Read More
Nairobi, March 9 -- A Tanzanian local water utility has issued a green bond of Tsh53.12 billion ($20.8 million), a first in East Africa by a sub-national entity, in efforts to boost water conservation... Read More
Nairobi, March 9 -- The current bear run in the East African bourses may continue for a while longer, as stock prices in the world's developed markets this week soared to record highs, reflecting impr... Read More
Nairobi, March 9 -- Stablecoins, cryptocurrencies backed by physical assets, have now become the primary type used in illicit transactions the world over, putting on the line their reputation as a 'be... Read More
Nairobi, March 7 -- The number of companies allowed to offer digital credit to Kenyans has risen to 51 after the Central Bank of Kenya (CBK) licensed 19 more, intensifying competition in the lucrative... Read More
Nairobi, March 5 -- Kenya's foreign exchange reserves have dwindled back to below the $7 billion (Sh1.019 trillion) mark for the first time in five weeks, reversing an upward trajectory and signalling... Read More
Nairobi, March 4 -- The Communications Authority of Kenya (CA) has allowed the Nairobi-based arm of Indian multinational Zoho to provide electronic signature services in the country, intensifying comp... Read More
Nairobi, Feb. 26 -- Kenya's missions abroad incurred foreign exchange losses amounting to Ksh761.58 million ($5.22 million) due to rapid depreciation of the shilling during the 2022/23 financial year,... Read More