The Central Bank of Kenya (CBK) has warned commercial banks against failing to lower interest rates in line with monetary policy adjustments under the Risk-Based Credit Pricing Model (RBCPM). Appearing before the…
Controller of Budget Margaret Nyakang’o has exposed how some counties are spending millions without seeking approval from her office, while others deliberately overshoot their spending beyond the approved limit. This is even…
Kenya and the United Kingdom have signed a Memorandum of Understanding that will see the National Treasury and the UK’s Overseas Development Institute conduct tax policy analysis to support evidence-based policy recommendations…
The Kenya Revenue Authority (KRA) has announced that starting January 1, 2025, all passengers entering the country will be required to declare and register their mobile devices’ International Mobile Equipment Identity (IMEI)…
The Kenyan Shilling has clinched the title of the best currency in Africa, heralded by a remarkable 15-month growth streak, as reported by Business Insider. Reaching historic highs not witnessed in over…
The National Treasury has outlined key factors contributing to the recent stabilization of the Kenyan Shilling against major international currencies such as the Dollar and the Euro. The third Quarterly Economic and…
In a bid to advance the development aspirations of African nations, President William Ruto has urged for the replenishment of the Ksh3.3 trillion African Development Fund by the African Development Bank (AfDB).…
The Ministry of Investments, Trade and Industry has unveiled the Karibu Business Support Centre (KBSC) to provide a one-stop platform for businesses to access financial services. Cabinet Secretary Rebecca Miano, speaking at…
The Kenyan shilling has surged against the US dollar, reaching a high of Sh127 in Tuesday’s trading, indicating a significant upturn in the foreign exchange market. This surge comes after commercial banks…
The Coffee Cherry Advance Revolving Fund (CCARF) has successfully disbursed Sh3.8 billion to more than 300,000 beneficiaries within just four months of its launch. The latest data reveals that beneficiaries from key…