Lenders face penalties for hidden loan charges amid pushback on Treasury's role
CBK is intensifying its crackdown on hidden charges in the pricing of loans with a landmark proposal that will, compel mobile lenders to transparently outline all borrowing costs or face penalties.
By Brian Ngugi and Kamau Muthoni 1 month ago
Lenders face penalties for hidden loan charges amid pushback on Treasury's role
Ruto seals China deals, eyes 25,000 jobs for Kenyans
President inks multi-million shilling agreements with seven firms to enhance manufacturing sector. He says country has intensified focus on innovation.
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
Inside Ruto's high-stakes China visit amid raging global trade war
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.
By Brian Ngugi 1 month ago
Afrexim pushes for Africa trade bloc as protectionism bites
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.
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
Ruto to seek more loans for stalled projects in China visit
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Tullow exit puts Kenyan firm Gulf Energy in driver's seat for oil riches
Company has been involved in lucrative State deals including G2G oil import tender. Tullow has been trying to get a strategic partner for its operations in Turkana fields.
By Brian Ngugi and Macharia Kamau 1 month ago
Tullow exit puts Kenyan firm Gulf Energy in driver's seat for oil riches
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.
By Brian Ngugi 1 month ago
SBM Bank Kenya swings to Sh12.4m quarter 1 net profit
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.
By Brian Ngugi 1 month ago
Kenya backs closer China-Africa ties amid global trade friction, urges diplomat retraining
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.
By Brian Ngugi 1 month ago
Kenyan bankers partner with UK Institute to bolster credit risk management
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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.
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
KCB cuts rates in boon for borrowers
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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.
By Brian Ngugi 1 month ago
CBK cuts key rate again as bad loans climb to record Sh700b
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.
By Brian Ngugi 1 month ago
What Kenya can learn from China on how targeted approach lifted 800 million from poverty
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.
By Brian Ngugi 1 month ago
CBK faces pressure over US tariff, currency manipulation claims
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Jitters over Trump's 10pc tariff as data shows dip in EPZ jobs
The latest data shows 7,369 people lost their livelihoods in 2023.
By Brian Ngugi and Graham Kajilwa 1 month ago
Jitters over Trump's 10pc tariff as data shows dip in EPZ jobs
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
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
Africa urged to 'derisk' from US after Trump's tariffs
Trump tariffs threaten Kenya's Sh72b exports
Kenyan exporters to the US face significant uncertainty after President Donald Trump announced a sweeping new set of tariffs, including a cumulative 20 per cent levy on Kenyan goods.
By Brian Ngugi and Macharia Kamau 1 month ago
Trump tariffs threaten Kenya's Sh72b exports
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.
By Brian Ngugi 1 month ago
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.
By Brian Ngugi 1 month ago
Ex-IMF adviser: Kenya should improve safety nets for the poor
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.
By Brian Ngugi 1 month ago
Auto dealer Caetano banks on Chinese brand to boost locally assembled vehicles
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.
By Brian Ngugi 1 month ago
Xi reaffirms open China, denounces protectionism in rare speech
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.
By Brian Ngugi 1 month ago
Equity bank to pay record dividend after Sh46.5 billion profit surge
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.
By Brian Ngugi 1 month ago
Chinese Professor addresses Dalai Lama's claims on reincarnation
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.
By Brian Ngugi 1 month ago
Shareholders joy as more banks up dividends on surge in profits
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.
By Brian Ngugi 2 months ago
KCB diversifies MSMEs offering with acquisition of fintech firm
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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.
By Brian Ngugi 2 months ago
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.
By Brian Ngugi 2 months ago
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.
By Brian Ngugi 2 months ago
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.
By Brian Ngugi 2 months ago
Co-op Bank splashes Sh8.8b dividend as profit hits Sh26b
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.
By Brian Ngugi 2 months ago
Centum and ARISE partner to launch $3 billion Special Economic Zone
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.
By Brian Ngugi 2 months ago
Chinese academics urge Kenyans to tap educational opportunities in China
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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.
By Brian Ngugi 2 months ago
StanChart issues Sh17b record dividend as profit soars 45pc
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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.
By Brian Ngugi 2 months ago
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.
By Brian Ngugi 2 months ago
Boost for Saccos as cabinet gives nod to inter-lending facility