Kenya’s public debt rose by 1.3 trillion shillings ($11.8 billion) in 2020. This is as the east African nation stepped up borrowing in response to the…
Browsing: Central Bank of Kenya
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 living abroad made an average Sh6.33 billion weekly remittances in spite of 2020 economic lows induced by the pandemic.
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’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.
The Central Bank of Kenya (CBK) has left its benchmark rate unchanged at 7% for the fifth time this year. This came at the end of…
The Central Bank of Kenya (CBK) has denied the possibility of devaluing the Kenyan Shilling. Talks of the Kenyan Shilling being devalued has been linked to…
The Central Bank of Kenya will sell a six-year, amortised infrastructure bond to raise $240 million this month. The bank adds that it will receive bids…