CBK announces sharp rise in interest rate to fight inflation

Capital Markets CBK announces sharp rise in interest rate to fight inflation Thursday September 29 2022 The Central bank of Kenya, Nairobi on Wednesday, December 30, 2020. PHOTO | DENNIS ONSONGO | NMG The Central Bank of Kenya (CBK) on Thursday raised the key lending rate by 75 basis points to 8.25 percent, matching the … Read more

CBK under pressure from the rich to raise borrowing rates

Capital Markets CBK under pressure from the rich to raise borrowing rates Tuesday September 27 2022 The Central bank of Kenya, Nairobi on Wednesday, December 30, 2020. PHOTO | DENNIS ONSONGO | NMG Wealthy investors and financiers like banks and pension schemes are putting pressure on the Central Bank of Kenya (CBK) to increase the cost … Read more

Treasury floats Sh60bn bond amid rising rates

Capital Markets Treasury floats Sh60bn bond amid rising rates Friday September 23 2022 Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani. PHOTO | FRANCIS NDERITU | NMG The Treasury has opened a new bond sale targeting Sh60 billion, amid difficulties in raising debt locally as investors continue demanding higher rates before lending to … Read more

Saudi remittances double to Sh22bn amid maids abuse

Capital Markets Saudi remittances double to Sh22bn amid maids abuse Friday September 23 2022 The Central bank of Kenya, Nairobi on Wednesday, December 30, 2020. PHOTO | DENNIS ONSONGO | NMG Saudi Arabia has emerged as the fastest-growing source of remittances, pointing to increasing migration of jobless Kenyan workers despite cases of abuse and cruel … Read more

Market leaders panic as 10 digital lenders cleared

Capital Markets Market leaders panic as 10 digital lenders cleared Tuesday September 20 2022 The banking sector regulator has so far cleared just three percent of all the 288 applications eyeing the digital loans market. FILE PHOTO | NMG The banking sector regulator has so far cleared just three percent of all the 288 applications eyeing … Read more