Kenyan agribusiness SMEs set for MasterCard funding SMEs in the Kenyan agriculture sector are among firms from 20 African countries selected to compete for up to $2.5 million (Sh327 million) in grants.
Banks to get capital relief on partially guaranteed loans The Treasury is seeking changes that will allow banks to make lesser provisions for defaults on partially guaranteed loans MSMEs take.
South Sudan clarifies new $350 levy on goods imports The Mombasa Monitoring Station-National Revenue Authority of South Sudan has clarified that only exporters and importers will be required to comply with the payment of Sh46,000 levy.
Kenya set for Sh131 billion new IMF financing June Kenya is set for Sh131 billion in new financing from the IMF in June.
CBK raises Sh45 billion from reopened five, 10-year bonds CBK has mopped Sh45.8 billion from the recently reopened five-year and 10-year bonds.
World Bank cuts expected Kenya financing by Sh39bn New funding to be approved on April 30 in a revised World Bank plan.
Cargo transport crisis as trucks stay grounded over container height rule Several trucks are stuck in different yards in Mombasa.
Nairobi targets Wakulima, Muthurwa markets in revenue push Wakulima and Muthurwa control close to two-thirds of market activities within Nairobi.
Smartphone imports from China surge by 71pc to 2.3 million Kenya's imports of smartphones from China surged 71.5 percent last year to breach the two-million mark.
State-backed guarantee scheme lends Sh6.2bn to SMEs The State-backed credit guarantee scheme has registered sluggish growth to disburse a cumulative Sh6.2 billion by December 2023.
Stanbic freezes plans for a fintech subsidiary months after green light Stanbic Holdings has put on hold plans to set up a fintech subsidiary.
Banks draw Sh32bn CBK emergency loans in two months The drawings in January and February are in contrast to a similar window last year when lenders did not tap a single cent from the CBK facility.
IFC to offer climate risk advisory services to banks in Sh219m deal IFC is set to offer advisory services to Kenyan banks in a $1.5 million deal (Sh219 million) to help the lenders in climate risk mitigation.
Private household loans in rare drop as high interest rates bite Outstanding banking sector loans to private households dropped by Sh13.7 billion in December last year.
KDIC seeks to raise Sh500,000 depositor compensation limit KDIC is revising the Sh500,000 compensation limit for a customer of a collapsed bank.
Import levy revenue dips by Sh7bn on rate cuts, trade decline Collections from taxes on international trade and transfers fell by Sh7 billion.
BAT reports strong demand for its Velo nicotine pouches BAT Kenya has reported a strong growth in the consumption of its nicotine pouches branded Velo.
20pc of roads unit workers breach two-thirds pay rule The take-home pay of 20 percent of the employees of the State Department of Roads shrank past the legally recommended level by last April.
US eyes space cooperation deals with Nairobi The US plans to pitch space cooperation opportunities to Kenya next week.
Insurance firms raise premiums on new VAT charges Insurance firms have started repricing the premiums charged on customers.
Kenya delays the repayment of Sh80m loans on voucher hitch Kenya failed to repay two loans amounting to $0.51 million (Sh79,560,000) by a June 2023 deadline.
Kenyan exports fall marginally on subdued global demand Kenya’s exports declined 2.2 percent in 2023 despite a weaker shilling.
Unclaimed assets up to Sh62bn on small claims The value of unclaimed assets including cash and shares hit Sh62 billion.
Kenya imports from China in rare decline on hard economic times Kenya’s imports from China recorded a rare decline in 2023.
Manufacturers top debt roll from the giant State agency Manufacturers received the largest share of loans disbursed by the Kenya Development Corporation (KDC) in 2023.