Kenyan Eurobond yields fall, defy renewed jitters

Nairobi, Sept. 29 -- Kenyan Eurobond yields have eased in recent weeks, defying jitters which have seen interest rates on similar instruments from advanced economies like Japan and the US rise. The f... Read More

Rajen Shah: The Kenyan pharmacy dropout driving Citi's global tech transition

Nairobi, Sept. 29 -- When Rajen Shah left Kenya after Form Four to further his studies, he had his sights set on a career in pharmacy. But he dropped out to venture into banking with only high school ... Read More

Payment firms capital raised up to Sh250m in new Treasury Bill

Nairobi, Sept. 27 -- Payment service providers and system operators will now be required to keep five times as much capital as the minimum capital requirement is raised to Sh250 million. The National... Read More

CBK, banks plan to lock out Treasury from loan rate approval

Nairobi, Sept. 27 -- The Central Bank of Kenya (CBK) and commercial banks are in talks to overhaul the Banking Act to resolve a loan pricing impasse over who between the sector regulator and the Treas... Read More

Banks term capital rules on large lenders 'premature'

Nairobi, Sept. 24 -- Lenders have rejected the recently published draft prudential guidelines on domestic systemically important banks, arguing the rules by the Central Bank of Kenya (CBK) have the wr... Read More

Quickmatt to sell 57pc stake at NSE in multi-billion-shilling deal

Nairobi, Sept. 23 -- Supermarket chain Quickmart will sell up to a 57.5 percent stake through the Nairobi Securities Exchange (NSE), providing a multi-billion-shilling partial exit route for private e... Read More

Quickmart to sell 57pc stake on NSE in multi-billion-shilling deal

Nairobi, Sept. 23 -- Supermarket chain Quickmart will sell up to a 57.5 percent stake through the Nairobi Securities Exchange (NSE), providing a multi-billion-shilling partial exit route for private e... Read More

CBK fines record 33 banks for loan rate breaches

Nairobi, Sept. 23 -- The Central Bank of Kenya (CBK) fined a record 33 commercial banks for defying the regulator's calls to cut their loan rates in line with the reduced benchmark rate, denying borro... Read More

Inside Dangote's IPO and how Kenyans can take part

Nairobi, Sept. 22 -- Africa's richest man Aliko Dangote is seeking to raise Sh200.8 billion ($1.55 billion) in exchange for three percent equity in his Nigerian refinery business. The initial public ... Read More

IMF backs central banks' currency interventions to ease financial shocks

Nairobi, Sept. 21 -- The International Monetary Fund (IMF) has backed central banks' interventions in the foreign exchange market to address fluctuations emerging from financial shocks like increased ... Read More

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