PRIME CBK bonds appetite boosts bank branches Higher interest rates on Treasury bills and bonds over the past year have also helped galvanise interest in the securities.
PRIME NSE foreign investors raise selling pressure with Sh667m exits The selloff was the highest since March and marked a continuation of the foreigners exits for the second month running.
PRIME KenGen, Kenya Power stocks retreat from recent highs Kenya Power’s share price which also peaked on October 29 at Sh5.24 has also retreated, dipping by 13.6 percent to Sh4.53 ahead of the book closure on Monday for the payment of a Sh0.70 per share...
PRIME Treasury eyes Sh13bn from infrastructure bonds tax New infrastructure bonds —to which the tax will apply— are expected to be issued to redeem the existing securities.
PRIME Banks raise share of liquid assets to Sh3.3trn Commercial banks are obligated to hold at least 20 percent of their deposit liabilities in cash or near cash assets, allowing them to meet short-term demands including customer withdrawals.
PRIME T-bills keep double digit real returns on falling inflation The inflation-adjusted or real return for 364-day Treasury bill investors, for instance, stood at 12.91 percent in October even as the average yield on the paper fell.
PRIME CBK rules to protect banks against panic withdrawals The new guidelines come amid speculation on social media of lenders placing curbs on withdrawals on alleged cash crunch in the economy.
PRIME Saccos recover Sh491m from defaulting firms Public universities and other tertiary colleges were the top culprits, failing to remit Sh958.07 million in the year ended December 2023.
PRIME Homes, churches overtake banks in T-bill holdings The surge in T-bill returns has made the securities attractive against other investment classes like bank deposits and shares.
PRIME Equity Bank cuts interest rates to below 26pc ahead of CBK summons Equity’s latest decision marks the second time this year that the lender is cutting rates in line with reducing CBR.
PRIME Unclaimed cash, shares and dividends cross Sh75bn Kenyans remain disinterested in pursuing funds legally belonging to them despite the soft economy while in some instances inheritance fights have derailed attempts to unite the assets with the...
PRIME Sanlam seeks Sh3.2bn from shareholders to pay Stanbic loan Sanlam Kenya's Sh4.66 billion debt is maturing before mid-2025.
PRIME National Treasury adds Sh30.5bn to November bonds sale haul The government raised Sh25.7 billion earlier from a re-opened 10-year and 15-year bond against a target of Sh25 billion from bids of Sh33 billion.
PRIME Investors favour T-bills over bonds despite falling rates T-bills subscriptions in October reached Sh293.7 billion against Sh96 billion on offer.
PRIME Financiers back CBK rules and accounting standards to prevent green washing 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 as well as catalyse the inflow of green finance...
PRIME CBK reserves hit four-year high on IMF funds, dollar purchases The reserves now stand at their highest level since the opening week of October 2021, when the cover stood at Sh1.210 trillion ($9.365 trillion).
PRIME Trump return seen throttling capital flow to frontier markets Mr Trump promised in his campaigns to impose heavy tariffs on imported goods, make tax cuts and deport millions of unauthorised immigrants.
PRIME Treasury raises Sh25bn from two November bonds tap sales The 2022 and 2023 papers, whose auction closed on Wednesday, raised a combined Sh25.7 billion against a target of Sh25 billion, from bids of Sh33 billion.
PRIME Why banks’ lending rates are yet to fall KBA chairman said banks have recently begun cutting interest rates but the relief is yet to feed into the overall weighted rates.
PRIME How banks are taking cheap CBK loans to invest in Treasury bills Banks cumulatively tapped Sh81 billion from the discount window in the year to the start of August, according to market sources.
PRIME CBK seeks IMF help to monitor banks' forex exposure The Treasury has further disclosed that it has sought the support of the IMF to provide support in the evaluation of its regulatory framework.
PRIME Foreigners’ NSE net sales rise to Sh570m in October on US polls NSE foreign portfolio flows remain negative at an outflow position of Sh429.2 million on a year-to-date basis.
PRIME Treasury revives plans to tax popular infrastructure bonds The infrastructure bonds (IFBs) have been tax-free since they were first issued in February 2009.
