PRIME Clerical jobs stage a comeback as banks expand branches Many banks have been reassessing the role of physical branches following years of investment in mobile banking, internet platforms, agency banking and other digital channels.
PRIME Co-op boosts dollar lending capacity with $100m currency swap Currency swaps are used to obtain foreign currency loans at a better interest rate than a company could obtain by borrowing directly in a foreign market.
PRIME Investors extend mini-malls frenzy amid youth influence The expansion comes as consumer behaviour continues to shift towards convenience, accessibility and hyper-local shopping.
PRIME EA private investment deals rise despite global shocks This year, firms have transacted deals under difficult investment conditions due to the war in Iran.
PRIME State rushes to overhaul investors one-stop centre The one-stop centre has mainly operated as a physical facility, requiring investors to visit Invest Kenya's offices for help in navigating government departments.
PRIME Businesses face higher costs as Meta sets WhatsApp messaging charges WhatsApp Business is a standalone version of the popular messaging application designed for small business owners to connect with customers.
PRIME Competition Tribunal paralysis stalls Carrefour, Koko and GTB appeals Among the cases now stuck is an appeal by Koko Networks (Kenya) Limited, over an exclusive arrangement between the clean energy company and Vivo Energy for the supply/distribution of Koko’s...
PRIME Jumia Kenya sales hit record Sh6.4bn as fashion offsets smartphone slump Its $216m Gross Merchandise Value across Africa during the second quarter was a 20pc year-on-year increase from $180m last year.
PRIME Treasury cuts domestic borrowing by Sh132bn The cut in domestic borrowing is expected to increase the pool of funds available in banks for lending to households and businesses.
PRIME CBK raises weekly Treasury bill target to Sh28bn CBK has targeted Sh28 billion in each of its last two weekly T-bill auctions, with a higher quantum placed on the shortest dated 91-day paper at Sh8 billion from Sh4
PRIME US crypto firm exits Kenya amid anti-money laundering scrutiny Kenya remains on the list of countries at high risk of money laundering and terrorist financing, with the Financial Action Task Force (FATF) placing the country on its "grey list."
PRIME Wealthy investors book Sh40bn gains on NSE rally The billionaire investors include bank executives James Mwangi and Gideon Muriuki, the Kenyatta and Ndegwa families.
PRIME StanChart wins key roles as CBK eyes global investors The deal will see the Nairobi Securities Exchange-listed firm earn substantial fees as the National Treasury seeks to deepen the base of investors buying the country’s debt instruments.
PRIME CBK forecasts costly fuel widening current account deficit to 3pc this year CBK is projecting that goods imports will grow by 8.1 percent to $25.62 billion (Sh3.32 trillion) this year, while exports will expand by just 2.3 percent to $13.34 billion (Sh1.73 trillion).
PRIME Private sector activity contracts for second month Last April 2026, businesses reported a drop in output and new orders, marking the second consecutive month of contraction as households and firms cut back spending in response to rising prices...
PRIME Debt service costs to rise by Sh103bn on high interest rates Kenya’s growing domestic borrowing is set to push interest payments close to Sh1 trillion, boosting investor returns while increasing fiscal pressure.
PRIME Kenya’s inflation gallops at fastest pace in 7 years Fuel prices have a significant impact on inflation in the East African nation, which relies heavily on diesel for transportation, power generation, and agriculture, while kerosene is used in many...
PRIME Why companies are going for private debt in capital hunt This shift indicates that private debt is increasingly filling gaps left by constrained bank lending and more selective venture capital deployment in the region due to higher risk facing startups...
PRIME 27 banks snub new central bank loans pricing formula Slow adoption of the new benchmark limits transparency gains in loan pricing reforms.
PRIME Equity cuts returns on deposits amid sharp fall in interest rates Savers earn less as banks adjust to a lower-rate environment.
PRIME Banks charge premiums of up to 16.57pc in new loan pricing Kenya Bankers Association (KBA) says the wide spread in bank premiums was expected as lenders began reviewing individual borrower risk profiles.
PRIME Treasury cuts net external borrowing by Sh61.6bn In the June 2025 budget, Kenya had pencilled in an expected drawdown of Sh170.5 billion from the World Bank’s Development Policy Operation (DPO) funding framework, before revising the target down...
PRIME Banks sit on excess Sh2.6trn as Kenyans shun investments Kenya's economy has grown on average by 5.0 percent annually over the past decade, but the benefits have not been equally distributed, and the gap between the rich and the poor is rising...
PRIME Banks push for benchmark rate hold amid Iran war risks Kenya’s next price review on April 14 is therefore expected to reflect the higher prices of the commodity.
PRIME NCBA mints 32pc of profit from Fuliza, M-Shwari loans Pre-tax earnings from M-Shwari and Fuliza, which are overdraft services offered in partnership with Safaricom, grew by a third to Sh6.68 billion driven by increased use of the credit services.
