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Lawyer Esther Bitutu was directed that she report to the police station for interrogation as investigations into the high-profile financial fraud cont...
Job creation also quickened in the period under review, the strongest observed in nearly one year, as firms looked to ease pressure on workloads.
The company said the decision follows a strategic review undertaken by the Board of Directors and is part of a wider global restructuring plan.
In addition to the general ban on foreign currency transactions, the regulations also place restrictions on contracts that were signed in foreign curr...
In its proposal, CBK has emphasised the importance of operationalising policy decisions through tools like the interbank rate to ensure stronger trans...
Ethiopia opted to restructure its external debt under the G20's Common Framework in 2021, before it defaulted on its sole Eurobond in December 2023.
The plans would be the first known instance of Saudi Arabia providing financing for Syria since Islamist-led rebels toppled former leader Bashar al-As...
Bakeries have shut down due to the absence of flour and gas, food prices are surging, and social order is unravelling as people fight for what little...
Notably, the gloomy employment outlook is against the backdrop of recent reports of recovery in the country’s macroeconomic environment and declining...
The county government has now called upon members of the public to volunteer at the Wajir Satellite Blood Transfusion Centre that remains open Monday...
Moturi, a banking and finance expert with a Master’s degree in Banking and Finance, defended her time at the SRC, where she served as a commissioner.
The push seeks to disclose data under the International Financial Reporting Standards (IFRS) S1 and S2, steered by the Kenya Bankers Association (KBA)...
The banks argue that after interest rate caps were introduced on interbank lending, the use of this rate as a base would be more responsive to market...
In real figure terms, the 14 per cent gain during the quarter means importers in the country were spending Sh14 less to buy a dollar for importation c...
The launch on Saturday drew local dignitaries, community leaders, and hundreds of residents eager to witness the arrival of a Shari’ah-compliant finan...
Haemophilia is a disorder where blood does not clot properly, leading to prolonged bleeding after injuries or surgeries.
The lender also said the launch reinforces its commitment to providing accessible Shariah-compliant financial solutions in the country.
Following the lifting of the moratorium, CBK said all new entrants will be expected to demonstrate their ability to meet the new minimum capital thres...
This is an improvement from the Sh162.3 billion recorded during a similar period in 2023, underlining the sector’s ability to withstand economic press...
Data from the Central Bank of Kenya (CBK) shows that February recorded the slowest increase in remittance flows for the quarter, compared to the other...
The deal to turn 140 km (87 miles) of single-lane road into a multilane highway linking the capital Nairobi to Nakuru was signed in Paris in 2020 duri...
Despite the positive growth and outlook, Afreximbank says Africa's trade landscape remains vulnerable to global price volatility and external shocks,...
The CBK is determined to ensure that the reductions in the central bank rate benefit the broader economy, particularly in the private sector.
The money is reportedly as a token of appreciation for their “good behavior” and in response to financial struggles among some legislators.
The former Investments and Trade Cabinet Secretary did not contest the loan but explained that he had been unable to complete construction of the hous...
East Africa’s projection is an upgrade from 4.4 per cent in the previous year, with the lender backing agriculture and services sectors as the main dr...
The decision to hold bi-weekly auctions followed discussions between NBE regulators and commercial bank executives on 31 March 2025 regarding foreign...
The World Bank's support covered crucial aspects such as blood collection, testing for infectious diseases, processing blood components and digitalisi...
Tuju has publicly aligned himself with Dari Limited in its legal battle against the East African Development Bank (EADB), arguing that recent court ru...
CBK data shows Kenya's public debt hit Sh10.027 trillion in the last week of June 2023, effectively breaching the then statutory debt ceiling which wa...
