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NEWS & CURRENT AFFAIRS

Digital News

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Brian Ngugi

Showdown looms as banks reject CBK's cheap loans reform plan

Banking industry interprets this review process as a form of price control. Under the new radical reforms, the State also proposes to subject banks’ loan mark-ups to regulatory scrutiny.

Showdown looms as banks reject CBK's cheap loans reform plan

Local banks bet on Pan-African payment system to spur trade

Local banks bet on Pan-African payment system to spur trade

Direct flights, SGR extension and trade top list of Ruto, Jinping deals

Direct flights, SGR extension and trade top list of Ruto, Jinping deals

Ruto seals China deals, eyes 25,000 jobs for Kenyans

Ruto seals China deals, eyes 25,000 jobs for Kenyans

Shilling's rally set for dividends season dollar demand test

Listed firms have declared their dividend payouts and set crucial book closure dates for 2025.This is expected to test the resilience of the local currency as demand.

Shilling's rally set for dividends season dollar demand test

Ruto takes Kenya's wishlist to Beijing as trade winds shift

Kenya is one of the countries affected by the punitive tariffs imposed by the Donald Trump administration, which have sparked a global trade war.

Ruto takes Kenya's wishlist to Beijing as trade winds shift

Inside Ruto's high-stakes China visit amid raging global trade war

Analysts suggest President Ruto’s visit presents a unique opportunity for Nairobi to leverage the US-China fallout to Kenya’s advantage.

Inside Ruto's high-stakes China visit amid raging global trade war

World Haemophilia Day: AAR operates special clinic to sensitise untreated bleeding disorders

The clinic aims to improve access to testing for haemophilia, a genetic condition affecting blood clotting in an estimated 1 in 10,000 people globally.

World Haemophilia Day: AAR operates special clinic to sensitise untreated bleeding disorders

Ruto to seek more loans for stalled projects in China visit

Ruto is expected to seek Chinese support in reviving key infrastructure projects that have stalled, including the extension of the Mombasa-Nairobi Standard Gauge Railway to Malaba.

Ruto to seek more loans for stalled projects in China visit

Afrexim pushes for Africa trade bloc as protectionism bites

The African Export-Import Bank is urging African nations to aggressively pursue internal trade integration through AfCFTA as a critical buffer against a rising tide of global protectionism.

Afrexim pushes for Africa trade bloc as protectionism bites

SBM Bank Kenya swings to Sh12.4m quarter 1 net profit

SBM Bank Kenya Ltd posted an after-tax profit of Sh12.4 million in the first quarter of 2025, reversing a Sh370 million loss recorded last year.

SBM Bank Kenya swings to Sh12.4m quarter 1 net profit

Kenyan bankers partner with UK Institute to bolster credit risk management

The Kenya Bankers Association has joined forces with the Chartered Institute for Securities & Investment to elevate standards in credit risk management within Kenya's banking sector.

Kenyan bankers partner with UK Institute to bolster credit risk management

Kenya backs closer China-Africa ties amid global trade friction, urges diplomat retraining

A senior Kenyan diplomat has called for the retraining of African diplomats to effectively navigate the evolving international landscape.

Kenya backs closer China-Africa ties amid global trade friction, urges diplomat retraining

Trump taps Kenya for pacts in agriculture despite tariff spat

The Trump administration is now prioritising Kenya for food and agriculture agreements despite having imposed tariffs that have strained the trade partnership between Nairobi and Washington.

Trump taps Kenya for pacts in agriculture despite tariff spat

Chinese top milk producer Mengniu sees 'lots of opportunities' in Africa

Analysts see Kenya and other African countries with their significant milk deficit, as a particularly attractive market.

Chinese top milk producer Mengniu sees 'lots of opportunities' in Africa

CBK rejects Trump currency manipulation claims amid Sh12.9b tariffs hit

CBK Governor Kamau Thugge said that CBK's interventions in the foreign exchange market were aimed at smoothing out volatility, not manipulating the shilling's exchange rate for trade advantage.

CBK rejects Trump currency manipulation claims amid Sh12.9b tariffs hit

KCB cuts rates in boon for borrowers

In a public notice, KCB stated it would lower its base lending rate from 14.6 per cent to 13.85 per cent per annum.

KCB cuts rates in boon for borrowers

CBK cuts key rate again as bad loans climb to record Sh700b

CBK slashed the Central Bank Rate by 75 basis points to 10.00 per cent in March, down from 10.75 per cent in February.

CBK cuts key rate again as bad loans climb to record Sh700b

CBK faces pressure over US tariff, currency manipulation claims

Monetary Policy Committee meets today to deliberate on key lending rate. CBK has previously denied claims of shoring up the shilling against the dollar.

CBK faces pressure over US tariff, currency manipulation claims

What Kenya can learn from China on how targeted approach lifted 800 million from poverty

At the heart of this strategy was the concept of "targeted poverty alleviation," championed by President Xi Jinping.

What Kenya can learn from China on how targeted approach lifted 800 million from poverty

Tala feted as top digital lender in risk management

Kenyan fintech firm Tala has been recognised as the Best Digital Credit Provider in Risk Management at the inaugural Think Business Digital Lenders Awards 2025, the company said on Monday. 2

Tala feted as top digital lender in risk management

Africa urged to 'derisk' from US after Trump's tariffs

African nations, including Kenya, should strategically reduce their economic reliance on the United States and diversify their trade and industrial partners.

Africa urged to 'derisk' from US after Trump's tariffs

Trump imposes 10pc tariffs on Kenyan goods

Kenyan exports to the US are set to be hit hard after President Donald Trump announced a 10 per cent tariff on all goods from Kenya.

Trump imposes 10pc tariffs on Kenyan goods

Ex-IMF adviser: Kenya should improve safety nets for the poor

A former adviser to IMF has called on Kenya to prioritise social safety nets while simultaneously expanding the economy through targeted international investment.

Ex-IMF adviser: Kenya should improve safety nets for the poor

Equity bank to pay record dividend after Sh46.5 billion profit surge

Equity Group has increased its dividend payout to a new record, rewarding shareholders with a larger return following a significant profit recovery.

Equity bank to pay record dividend after Sh46.5 billion profit surge

Xi reaffirms open China, denounces protectionism in rare speech

President Xi Jinping, in a rare public address to global business leaders, sought to reaffirm China's commitment to open markets and denounced protectionist tariffs.

Xi reaffirms open China, denounces protectionism in rare speech

Auto dealer Caetano banks on Chinese brand to boost locally assembled vehicles

Caetano will sell the locally assembled JMC Vigus pickups, utilizing Chinese-made Completely Knocked Down (CKD) kits. The deal is expected to create jobs, facilitate skill development.

Shareholders joy as more banks up dividends on surge in profits

Among the biggest beneficiaries are the Ndegwa and Kenyatta families, who will pocket Sh1.3 billion and Sh1.1 billion, respectively after NCBA booked a 21.9 billion profit.

Shareholders joy as more banks up dividends on surge in profits

Chinese Professor addresses Dalai Lama's claims on reincarnation

A leading Chinese professor on Thursday addressed the Dalai Lama's recent controversial comments regarding the future of the reincarnation of the Tibetan spiritual leader.

Chinese Professor addresses Dalai Lama's claims on reincarnation

KCB diversifies MSMEs offering with acquisition of fintech firm

Kenya’s largest bank by assets, KCB Group, has announced a strategic move to bolster its digital capabilities by acquiring a 75% stake in Riverbank Solutions Ltd, a homegrown fintech firm.

KCB diversifies MSMEs offering with acquisition of fintech firm

Top lenders smile to the bank with Sh141 billion profits

Notably, Equity Group, Kenya’s largest lender by customer base, and other mid-tier banks are yet to release their financials, suggesting the overall sector performance could be even more robust.

Top lenders smile to the bank with Sh141 billion profits

AAR expands dialysis services to meet demand

AAR Hospital is expanding its dialysis services in response to increasing demand, a trend reflecting the growing economic burden of kidney disease in Kenya.

AAR expands dialysis services to meet demand

CGTN-Africa to expand continental reach with increased investment

CGTN Africa is set to enhance its resources significantly to broaden its coverage across the continent, ensuring comprehensive reporting from all five African regions.

CGTN-Africa to expand continental reach with increased investment

Co-op Bank splashes Sh8.8b dividend as profit hits Sh26b

CEO attributes higher earnings to increased interest and non-interest income, and effective cost control.

Co-op Bank splashes Sh8.8b dividend as profit hits Sh26b

StanChart issues Sh17b record dividend as profit soars 45pc

The lender posted a full-year net profit of Sh20 billion on the back of higher interest and non-funded income. It joins other tier-one banks that have declared increased payouts.

StanChart issues Sh17b record dividend as profit soars 45pc

Chinese academics urge Kenyans to tap educational opportunities in China

Chinese academics are encouraging Kenyan students to explore educational opportunities in China, emphasizing the transformative role of education in national development.

Chinese academics urge Kenyans to tap educational opportunities in China

Centum and ARISE partner to launch $3 billion Special Economic Zone

The agreement, which involves the development of a 2,000-acre site recently designated as a Special Economic Zone (SEZ), promises to transform Kenya into a competitive industrial hub.

Centum and ARISE partner to launch $3 billion Special Economic Zone

Kenya pulls plug on Sh301b IMF deal amid hunt for new bailout

The Kenya Kwanza administration has abruptly terminated its existing Sh301 billion IMF programme, a move that offers temporary relief from immediate tax increases.

Kenya pulls plug on Sh301b IMF deal amid hunt for new bailout

Boost for Saccos as cabinet gives nod to inter-lending facility

More than 30,000 Saccos could soon launch an inter-lending facility, following the cabinet’s recent approval of a framework for a multi-billion Central Liquidity Facility.

Boost for Saccos as cabinet gives nod to inter-lending facility

Vivo Energy partners with RentWorks East Africa for fleet expansion

The 48-month agreement also involves Caetano Kenya, which will manage vehicle maintenance; Stanbic Bank, the financing partner; and Heritage Insurance, which will provide coverage for the fleet.

Vivo Energy partners with RentWorks East Africa for fleet expansion

KCB investors set for bumper Sh9.6b dividend as profit surges

KCB Group shareholders are set to reap a Sh9.6 billion windfall after Kenya’s largest bank by assets reported a 64.9 per cent surge in net profit in 2024.

KCB investors set for bumper Sh9.6b dividend as profit surges

Beijing officials offer support to enhance Nairobi's livability

Nairobi, with a daytime population of seven million, grapples with significant urbanization issues, including inadequate wastewater systems, chronic traffic jams, and water rationing.

Beijing officials offer support to enhance Nairobi's livability

No stopping debt binge as State borrows Sh440b in 7 months

This means Kenya’s guaranteed debt rose to Sh11.02 trillion as of January this year. It now represents 65.7% of GDP, well above the targeted threshold of 55 per cent of GDP by 2028.

No stopping debt binge as State borrows Sh440b in 7 months

Kingdom Bank, Canon Group unveil 'Faidi Dada' motor cover for women

The Faidi Dada Motor Cover enhances existing services for over 6,000 women by providing comprehensive protection for both personal and commercial vehicles.

Kingdom Bank, Canon Group unveil 'Faidi Dada' motor cover for women

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