PRIME Insurers double bank deposits portfolio on increasing returns Return rates on deposits last year increased fastest in over a decade, hitting an all-time high of 10.1 percent, a cumulative rise of 2.63 percent through the year, coming on the back of a series...
PRIME Individual investors hold 79 pc of DhowCSD bonds accounts The number of CSD accounts has grown from 41,125 since the launch of DhowCSD on July 31, 2023.
PRIME Bonds maturity drops further on high rates The shortening of the average time to maturity points to a higher liquidity risk for the government as the term of outstanding bonds shortens as it is forced to meet redemptions on most papers...
PRIME Investors scramble to secure lucrative Treasury bill returns The CBK received bids of Sh80.93 billion from investors in a week when rates on the 182-day and 364-day Treasury bills fell to levels last seen in December 2023, and the 91-day rate to its...
PRIME Kenyan investors locked out of Ethiopian telco IPO The Ethio telecom IPO is the new market’s debut listing.
PRIME NCBA cuts lending rates as pressure mounts on banks NCBA Bank Kenya has cut lending rates as lenders respond to the Central Bank of Kenya's (CBK) move to slash the benchmark interest rate.
PRIME CBK summons bank bosses for not cutting lending rates The CBK on October 8 lowered its benchmark interest rate by 75 basis points to 12 percent—the largest cut since the start of Covid-19 economic hardships in March 2020
PRIME Treasury to ditch short-term bonds, signals interest rate fall New calendar shows the bulk of upcoming bond sales will carry a tenor of between 10 and 20 years.
PRIME Treasury returns to switch bonds from November to ease debt pressure The Treasury’s 2024/2025 Annual Borrowing Plan publication shows that the first of the two switch bonds will be issued next month, targeting a three-year bond and a nine-year infrastructure bond...
PRIME DhowCSD grows new accounts by 112pc on efficient trading The DhowCSD platform lets investors buy treasury bills and bonds on their smartphones, with the new system shortening the registration process.
Treasury seeks Sh15 billion in bond tap sale A tap sale raises additional funds for the CBK without affecting the interest rate at which it can borrow.
Banks anxious as term depositors opt for direct T-bills, bonds purchases Buyers of Treasury bills and bonds previously bought T-bills and bonds through banks before the CBK introduced the direct-window option.
PRIME Rate on 91-day T-bill dips below 15pc for the first time in 12 months Combined Treasury bill rates have now fallen for 11 consecutive weeks since the start of August this year.
PRIME CBK rejects Sh19.7bn bond bids in push to tame interest The bond sale was seen as a test of the CBK’s resolve to cut the high cost of the government’s domestic borrowing after rates rose sharply over the past year to touch highs of 18.5 percent on...
PRIME CBK forex haul up Sh108bn in five weeks on dollar purchases The recent shilling stability has been seen at a time when local and global conditions have pointed to potential volatility on the gain side.
Investors seen seeking higher returns in October T-bond sale The bond offer is seeking Sh30 billion and has been on sale since September 25.
CBK cuts interest rate by record margin since Covid-19 Lower benchmark rate signals relief for borrowers saddled with costly loans and reverses a slowdown in demand for credit.
PRIME Short, long-term bonds interest spreads narrow on lower risks Yields on shorter-dated bonds have been higher than long-term papers, a scenario described as a yield curve inversion.
Record low inflation raises stake for deeper CBK interest rate cut The Kenya Bankers Association (KBA) called for a ‘decisive’ cut to preserve economic growth and rekindle the demand for credit.
PRIME Domestic debt costs up Sh89bn on higher rates, borrowing Taxpayers forked out an additional Sh89.4 billion in interest payments on the government’s domestic debt in the year to June 2024.
PRIME Rising interest rates fuel Sh27.1bn bond sell-off by foreigners Foreign investors prefer Treasury bills to bonds as local investors opt for shorter-term securities in a rising interest rate environment.
Green finance players bank on CBK rules to curb greenwashing The CBK published the Draft Green Finance Taxonomy in March 2024 to provide a reference point in guiding the country’s transition into a green economy.
PRIME NSE beats African peers in race for dollar investors The NSE's rise to the top of the performance chart was largely driven by the shilling's rise against the dollar.
PRIME Bank lending rates up in August despite CBK rate cuts The CBK lowered its benchmark lending rate by 0.25 percent on August 6,2024 to 12.75 percent from 13 percent previously.
PRIME Banks forecast bigger cut to CBK benchmark rate The government has raised its domestic borrowing target for the fiscal year to Sh413.1 billion, up from Sh263.2 billion.