Browsing Tag
Central Bank of Kenya
11 posts
Kenya’s Central Bank Raises Ksh 17.4 Billion at the Weekly T-Bills Auction
The Central Bank of Kenya(CBK) has accepted bids worth KSh 17.4 Billion at the Weekly Treasury Bills Auction,…
ATM Use Declines in Kenya as Mobile Banking Gains Pace
More people are opting to avoid using cash in their daily transactions in Kenya and this has reduced…
Kenya’s Inflation Rises Steadily on a Ten-Month High
Kenya’s annual inflation has risen to 5.9% in March. This is the highest rate in 10 months, from…
Kenya’s Public Debt Rises to $66.1Bln
Kenya’s public debt rose by 1.3 trillion shillings ($11.8 billion) in 2020. This is as the east African…
Kenyan Banks Restructure 54.2% of the Banking Sector Loan Book
By the end of 2020, personal and household loans amounting to KSh 333 billion had their repayment period extended. Banks also restructured loans amounting to KSh 1.29 trillion issued to sectors like trade, manufacturing, agriculture, and real estate.
Kenyans in Diaspora Make Sh329.41 billion Remittances Despite Pandemic
Kenyans living abroad made an average Sh6.33 billion weekly remittances in spite of 2020 economic lows induced by the pandemic.
Kenya to Conduct Survey on Diaspora Remittances
The first-ever survey of its kind, will be conducted in February and March, and will be spearheading by the the Central Bank of Kenya (CBK).
Kenya Terminates Covid-19 Tax Relief Amid Debt Default Risk
Kenya’s National Treasury Cabinet Secretary Ukur Yatani on Friday issued a statement saying the corporate tax rate also reverts to 30 percent from 25 percent while the value added tax (VAT) reverts to 16 percent from 14 per cent.
Central Bank of Kenya Maintains Rate At 7%
The Central Bank of Kenya (CBK) has left its benchmark rate unchanged at 7% for the fifth time…
US Seeks Kenya Shilling Devaluation Amidst Trade Talk
The Central Bank of Kenya (CBK) has denied the possibility of devaluing the Kenyan Shilling. Talks of the…