Investors demand 9pc return on T-bills despite CBK move

Nairobi, June 15 -- Investors demanded a return of up to nine percent on Treasury bills in the latest auction despite the Central Bank of Kenya (CBK) holding its base rate at 8.75 percent, to signal t... Read More

CBK forecasts costly fuel widening current account deficit to 3pc this year

Nairobi, June 14 -- Kenya's current account deficit is expected to widen to three percent of gross domestic product (GDP) this year from 2.1 percent in 2025 on higher fuel import costs and flat inflow... Read More

Scangroup commits Sh1.4bn long-term loan to parent firm

Nairobi, June 14 -- Shareholders of WPP ScanGroup will wait longer for settlement of a Sh1.49 billion loan lent to its British parent WPP Plc after the company disclosed it intends to continue deferri... Read More

Smallholder suppliers get priority in pending bills plan

Nairobi, June 11 -- Smallholder suppliers have won a priority as the National Treasury has outlined a roadmap to settle Sh155.3 billion in pending bills over the next two years, after the conclusion o... Read More

EA private investment deals surge amid tough funding terms

Nairobi, June 11 -- The number of disclosed private investment deals in the East African region rose to 41 in the first four months of the year, up from 34 a year earlier, despite tougher external fin... Read More

East Africa private investment deals surge amid tough funding terms

Nairobi, June 11 -- The number of disclosed private investment deals in the East African region rose to 41 in the first four months of the year, up from 34 a year earlier, despite tougher external fin... Read More

Investors press for higher interest rates to lend to government in bonds market

Nairobi, June 10 -- Bond investors have for the first time in eight months demanded an interest rate above 14 percent to lend to government in the bonds market, as high inflation erodes returns in the... Read More

Tough Finance Bill lessons from 2024 and plan to fund Sh4.8trn budget

Nairobi, June 10 -- The National Treasury has refrained from introducing higher taxes to fund this year's Sh4.845 trillion budget, as lessons from the controversial Finance Bill 2024, which triggered ... Read More

Rising T-bill rates raise cost of borrowing for companies

Nairobi, June 9 -- Companies with loan facilities pegged on Treasury bills are facing higher financing costs as interest rates on the securities continue to go up in weekly auctions. Banks often pric... Read More

Rising T-bill rates drive up cost of borrowing for companies

Nairobi, June 9 -- Companies with loan facilities pegged on Treasury bills are facing higher financing costs as interest rates on the securities continue to go up in weekly auctions. Banks often pric... Read More

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