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Overdraft facility increases by Sh27 billion on low interest regime

The sustained low interest regime by the CBK gave room for the government to borrow more through overdraft in the financial year that ended in June 2025, but still paid less in interest charges.

By 4 days ago

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Sh12 trillion public debt horror with little to show

Kenya’s growing debt that has crossed the Sh12 trillion mark with economists noting the lack of tangible projects to back the increased borrowing.

By 5 days ago

Insurance regulator orders frequent audits on high-risk clients

Insurance companies will be required to frequently audit their high-risk customers in line with new guidelines issued by the regulator.

By 7 days ago

Can temporary titles be the magic wand for Kenya's developers?

Most developers are stuck with projects for months, unable to offload because of processes, such as titling, that are involved.

By 9 days ago

Over 1,400 entities sign up to State's e-procurement system

All ministries, state departments and independent commissions have registration on the e-government procurement system.

By 10 days ago

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Battle for retail business hots up as Chinese traders eye pie of local market

While these imports from China have no doubt unsettled the small and medium-scale traders, eating into their profits, major retailers say these stores are complementary.

By 10 days ago

Pension assets in government debt hit Sh1 trillion amid diversification push

Retirement Benefits Authority (RBA) Statistical Digest 2024 data show that in previous years, the average increase in pension assets in government securities was nine per cent.

By 11 days ago

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'Data doesn't lie', but Kenyans say their pockets do

For many Kenyans cost of living is getting worse every passing day as the pocket shrinks

By 11 days ago

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Why Ruto's key allies keep their seats despite blunders

For the trusted men it is better to shuffle the seats than have them take responsibility

By 12 days ago

Boost for trade as Kenya, Uganda move to end cross-border tariffs

Uganda is Kenya’s top trading partner, with exports reaching Sh125.9 billion.

By 12 days ago

Why number of pension schemes has dropped

The latest data from the pensions regulator shows a drop in the number of schemes to 951 as the value of assets under management grew by 21.18 per cent, the highest over the last decade.

By 15 days ago

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Why Kenya's developers struggle to recoup capital

The slower the buyers come, the slower you get to recoup your capital and invest in the next new project.

By 16 days ago

Mergers likely to boost shareholder value revealed

Mergers and acquisitions (M&As) in the communication and non-essential consumer goods sectors are more likely to derive shareholder value, a new report shows.

By 16 days ago

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Incubation hubs and AI guidelines now a must for digital lenders

The Office of the Data Protection Commissioner is mulling a sandbox where digital credit providers (DCPs) can host new technologies.

By 17 days ago

Returns from State bonds drive HF Group's profit by 150pc

HF Group nearly doubled interest income on government paper in the six months to June 2025, raising its profit before tax by 148 per cent to Sh702.9 million.

By 17 days ago

How low-interest regime shrunk banks' half-year interest income

Banks have taken a hit on their financials with reduced income charged on loans following the low interest regime that the Central Bank of Kenya (CBK) started in August 2024.

By 18 days ago

State agencies urged to prioritise PPPs in budgeting

The National Treasury insists that allocations for the year to the State agencies will be based on the robustness of their public participation engagement in the budgeting process.

By 18 days ago

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Mbadi defends Ruto's economic record, says life cheaper than 2022

National Treasury Cabinet Secretary John Mbadi has defended President Ruto’s administration, outlining how government economic policies have eased the cost of living in the country.

By 18 days ago

Digital lenders accuse Central Bank of overstepping mandate

Lobby cites operational challenges posed by the multiplicity of regulatory requirements, especially on data management.

By 21 days ago

Digital lenders lament overreaching mandate from regulators

This challenge has also been exacerbated by the majority of consumers who are not well-versed on which regulator handles what sort of complaint.

By 22 days ago

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Cost of homes up as UN offices move to Nairobi

The planned set-up of three new UN global offices in Nairobi is expected to revive interest in high-end properties in the city, with real estate projecting increased prices.

By 23 days ago

Expos give malls a new lease of life amid reduced footfall

The growing trend of supermarkets opening outlets in residential areas has been linked to the reduced footfall in major malls, which are now carving a niche in the expos.

By 23 days ago

Family Bank half-year profit up 39pc to Sh2.3b

Tax efficiency measures propelled Family Bank into a 38.7 per cent jump in profit after tax to Sh2.3 billion for the six months ended June 30, 2025.

By 24 days ago

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EAC tariff loopholes create uneven playing field in trade

In the next one year, a mobile phone will be cheaper in Uganda than in Kenya, if the latest review of the Common External Tariff (CET) by countries in the region is anything to go by.

By 24 days ago

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Why State wants KQ frequency rules reviewed

The government is reconsidering its policy that guides approval of frequency applications by airlines to fly to Nairobi, a move that will see Kenya Airways face stiff competition.

By 25 days ago

IM Bank eyes organic growth as half-year profit hits Sh11.7b

I&M Group’s profit before tax in the six months to June 30 grew by 34 per cent to Sh11.7 billion.

By 25 days ago

Lenders given 6-months to roll out risk-based loan pricing model

Commercial banks have six months to revise their lending rates to reflect the risk-based credit pricing model spearheaded by the Central Bank of Kenya (CBK).

By 30 days ago

Fuel prices drop marginally in latest Epra review

The Energy and Petroleum Regulatory Authority (Epra) has cut fuel prices marginally by Sh1 in its latest review cycle. 

By 30 days ago

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Bulk buyers: What the property market misses in turnaround plan

Superior Homes chief executive Shiv Arora says the bulk offtake provides the speed which developers want.

By 30 days ago

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Why State has abandoned plans for Sh468b Nairobi-Mombasa expressway

The government has abandoned the ambitious plan for the Sh468 billion expressway to Mombasa, opting to instead expand the existing Nairobi-Mombasa Highway.

By 1 month ago

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How Sh360.5m was siphoned from Afya Sacco

Afya Sacco’s board was holding more meetings and had standard monthly payments, disguised as allowances, running into millions of shillings.

By 1 month ago

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Will AfCFTA survive beyond heavy US tariffs?

As African countries go it alone with the US, the fate of Agoa may be obvious.

By 1 month ago

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Why banks are in the spot over expensive loans

Banks have always come under fire by both the regulator and customers for being slow to reduce the rates when the CBR is revised downwards, but quick when it is raised.

By 1 month ago

Equity to cool off State securities as half-year profit hits Sh34.6b

Equity Group Holdings has revealed plans to reduce its exposure to government securities by over 80 per cent as it reallocates its balance sheet to reflect the changing economic climate.

By 1 month ago

Regulator begins recovery of missing Sh550m at Afya Sacco

Sasra has moved to recover part of more than Sh500 million, said to have been misappropriated by the management of Afya Sacco Society Ltd.

By 1 month ago

Police: Most road crashes preventable if drivers change behaviour

The police spokesperson pointed out that the vast majority of these accidents are preventable if road users change their behaviour

By 1 month ago

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State moots plan to secure 20pc stake in high-risk industries

The government is considering buying a 20 per cent stake in capital-intensive industries initiated by the private sector in a bid to derisk the entities.

By 1 month ago

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Which way to resolve late funds disbursement to counties?

When it comes to timely disbursement of funds to county governments, accusations never cease to flare up

By 1 month ago

Businesses push for use of VAT refunds to offset tax arrears

Businesses will soon be able to use the tax credits they are owed by the taxman as VAT refunds to offset other tax obligations if a proposal presented to President William Ruto is approved.

By 1 month ago

Kenyan exporters to access China duty-free after deal

Kenyan exporters of agricultural produce will now access the Chinese market duty-free after the two countries concluded bilateral trade talks initiated in April.

By 1 month ago