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A service for banking industry professionals · Sunday, February 5, 2023 · 615,309,464 Articles · 3+ Million Readers
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Central Bank of Kenya News Monitoring

  • Published on Feb 3, 2023

    Central Bank of Kenya Expects Food Prices to Decline in February 2023: "Supply W...

    Kenyans could soon start to access basic food items at a cheaper cost, a new survey by the Central Bank of Kenya (CBK) has shown. CBK survey shows the supply of maize flour will increase in February 2023. Photo: TUKO.co.ke Source: OriginalCBK noted that …

    Source: TUKO - Neutral
  • Published on 09:52 GMT

    Why Govt Shut Down 338 Companies in the Past 3 Months

    Government, on Friday, February 3, announced the closure of 67 private and public limited companies, raising fear among Kenyans of the dire economic situation in Kenya.  This brings the total number of companies deregistered by the government between …

    Source: Kenyans.co.ke - Neutral
  • Published on Feb 1, 2023

    Central Bank of Kenya approves 12 more digital lenders

    The Central Bank of Kenya has granted approval to 12 digital credit providers to operate in the country. There are now 22 digital credit providers approved by the CBK following the 10 that received approval in September 2022. Some of the approved digital …

    Source: Techpoint Africa - Neutral
  • Published on Jan 30, 2023

    Kenya's Central Bank licenses 12 more digital lenders

    Kenya's Central Bank has today issued twelve licenses to Digital lending firms. This raises to 22 the number of approved lenders from a list of 381 companies that had applied for the licenses. Mon, 30 Jan 2023 14:51:17 GMT

    Source: CNBC Africa - Neutral
  • Published on Jan 30, 2023

    Kenya's central bank retains benchmark rate at 8.75 pct

    NAIROBI, Jan. 30 (Xinhua) -- The Central Bank of Kenya (CBK) said on Monday that it retained its benchmark lending rate at 8.75 percent amid declining inflation. CBK Governor Patrick Njoroge, who chaired the Monetary Policy Committee meeting in the Kenyan …

    Source: The Star (Malaysia) - Right-wing
  • Published on Feb 4, 2023

    Dollar shortage dulls Kenyan firms’ growth prospects

    By JAMES ANYANZWA Kenyan firms have cited dollar shortage among a string of domestic challenges that have obstructed their expansion capacity and impacted revenues. This comes as the country’s foreign reserves hover below the statutory four months import …

    Source: The East African - Neutral
  • Published on Feb 4, 2023

    Gas Prices Skyrocket by KSh 400: "There Shall Be an Increase of KSh 31 per Kg"

    Lake Oil Group which deals in the Lake Gas brand notified its customers that it had increased gas prices by KSh 31 per kilogramme The company noted the increase was effective immediately meaning a 13kg cylinder of gas will cost KSh 403 more while the 6kg …

    Source: TUKO - Neutral
  • Published on Feb 4, 2023

    CEOs reveal biggest new risks to their businesses

    Corporate executives in Kenya have raised a red flag over new taxes, high-interest rates, and cost of power that have worsened the business environment in the country, warning that the factors could constrain companies’ growth this year. Chief executive …

    Source: Nation Africa Kenya - Uncategorized
  • Published on Feb 3, 2023

    How Nigerian techies wired Sh276bn without CBK nod

    Friday February 03 2023 Olugbenga Agboola, co-founder and CEO of Flutterwave. FILE PHOTO | POOL As the world toasted Nigeria’s Olugbenga Agboola as Africa’s freshly minted tech billionaire, Kenyan authorities were investigating his firm for possible money …

    Source: Nation Africa Kenya - Uncategorized
  • Published on Feb 3, 2023

    Ruto fails to cut spending in first supplementary budget

    Friday February 03 2023 Cabinet Secretary, National Treasury & Economic Planning Njuguna Ndung'u at Kenyatta International Convention Centre. FILE PHOTO | DENNIS ONSONGO | NMG President William Ruto’s administration has failed to cut the annual …

    Source: Nation Africa Kenya - Uncategorized
  • Published on Feb 3, 2023

    Roads, health, education face deeper budget checks

    Projects in the big-budget infrastructure, education, and health sectors will be subject to special evaluation as the Treasury moved to block wastage amid austerity measures. The Treasury said a gap in the evaluation of project selection and implementation …

    Source: Nation Africa Kenya - Uncategorized
  • Published on Feb 2, 2023

    Peter Mwaura: This is our way of telling readers we don’t sweep mistakes under the rug

    Many readers wonder why corrections are published on page two regardless of the page on which the article being correct appeared. An error made in a story published on page one is typically corrected on page two. An error made in a story on page 44 is also …

    Source: Nation Africa Kenya - Uncategorized
  • Published on Feb 2, 2023

    Equity Bank Kenya completes acquisition of certain assets and liabilities of Spire Bank

    Equity Bank Kenya completes acquisition of certain assets and liabilities of Spire Bank 02-02-2023 08:47:12 | by: Bob Koigi | hits: 840 | Tags: Equity Bank (Kenya) Limited (EBKL), has completed the acquisition of certain assets and liabilities of Spire …

    Source: Africa Business Communities - Neutral
  • Published on Feb 2, 2023

    Core inflation up to 4-year high on commodity prices

    Thursday February 02 2023 The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG Inflation covering goods and services outside of food and fuel has climbed to a four-year high of 4.3 percent in January, reflecting the pass-through effect of the high global …

    Source: Business Daily Africa - Label Pending
  • Published on Feb 2, 2023

    Banks, saccos double size of subsidised mortgage to Sh8m

    Thursday February 02 2023 A State-backed mortgage refinancing company has doubled the size of subsidised home loans to Sh8 million. FILE PHOTO | FOTOSEARCH A State-backed mortgage refinancing company has doubled the size of subsidised home loans to Sh8 …

    Source: Nation Africa Kenya - Uncategorized
  • Published on Feb 2, 2023

    Teraco raises $680m in funding to expand its data centres

    Olá, Happy February.💃I'm glad because it's my birth month. I’ll be a year older this weekend, and I still can’t believe it. 😂😂 Well, I trust we'll be more energetic and productive this month, yeah? 😉 If you're a female startup founder in …

    Source: Techpoint Africa - Neutral
  • Published on Feb 1, 2023

    Kenya’s economy looks to be on a recovery path despite some previously alarming forecasts

    In October, the country’s inflation rate hit 9.6%, its highest since May 2017. Since then, the inflation rate has slowly begun to drop. According to Kenya’s statistics office, the country’s current inflation rate fell to 9.0% year-over-year in January from …

    Source: Pulse - Neutral
  • Published on Feb 1, 2023

    Why Tomato Prices Increased Sharply in the Last 30 Days

    Families were forced to restructure their food budget after the prices of tomatoes hit a record high in January 2023. According to Consumer Price Indices and Inflation rates for January 2023 released by the Kenya National Bureau of Statistics (KNBS) on …

    Source: Kenyans.co.ke - Neutral
  • Published on Feb 1, 2023

    Home prices see biggest fall in 4 years as mortgage rates rise

    Wednesday February 01 2023 Home prices see biggest fall in 4 years as mortgage rates rise. FILE PHOTO | SHUTTERSTOCK House prices dropped by the biggest margin in the quarter to December in over four years amid an oversupply of homes and costly bank loans. …

    Source: Nation Africa Kenya - Uncategorized

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