Stories By Bernard Wafula
Looming budget gaps threaten Kenya's economic growth targets, IPF warns
Apr 18, 2024 at 01:54 PM
The government's ambitious 5.5 per cent economic growth target for the 2024-25 fiscal year faces a significant hurdle: gaps in the Sh4.1 trillion budget....
Jubilee Health Insurance net earnings grow 29 per cent to Sh438 million in 2023
Apr 17, 2024 at 02:46 PM
Jubilee Health Insurance has reported a 29 per cent increase in its net earnings to Sh438 million in the 2023 financial year from Sh339 million posted during a similar period in 20...
Matatu owners promise passengers a paltry 10 per cent fare slash nationwide
Apr 16, 2024 at 05:49 PM
Kenyan commuters can expect some slight financial relief as matatu fares are poised to drop by up to 10 per cent across the country....
Retail investors become top domestic state lender as Kenyans embrace bonds
Apr 16, 2024 at 03:48 PM
Recent data, released by the Central Bank of Kenya (CBK) has revealed that retail investors in Kenya have become the fastest-growing domestic lenders to the government, surpassing ...
Equity expands money transfer services to over 30 countries with Mastercard deal
Apr 16, 2024 at 11:33 AM
Equity Bank, a leading Kenyan bank, has announced a significant expansion of its international money transfer services, reaching over 30 countries through a new collaboration with ...
Kenya Airways Secures continued government support despite insolvency
Apr 15, 2024 at 02:48 PM
Kenya Airways (KQ), the national carrier of Kenya, has received a lifeline from the Treasury in the form of a one-year commitment to continued financial support....
Costly Eurobond repurchase leaves Kenya grappling with high debt risk
Apr 11, 2024 at 06:25 PM
The World Bank Group has raised concerns about Kenya's continued vulnerability to debt distress, following its recent Eurobond settlement....
Kenyans face higher fringe benefits tax amid economic uncertainty
Apr 10, 2024 at 12:19 PM
The Kenya Revenue Authority (KRA) has dealt a blow to Kenyan workers' pockets by increasing the tax rate on employer-provided welfare benefits for the fourth consecutive quarter....
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Liberty Life Assurance reports 0 per cent return amid market challenges
Apr 09, 2024 at 01:27 PM
In a recent development, Liberty Life Assurance Limited has disclosed the final rate of return for the year 2023, revealing a 0 per cent return for the pooled guaranteed pension po...
Treasury Bill rates signal potential peak in domestic borrowing costs
Apr 08, 2024 at 10:17 AM
In a notable turn of events, interest rates across Kenya's Treasury bills have seen a decline for the first time in over two years, marking a potential shift in the trajectory of g...
NSE partners with First Future to launch a USSD-based platform for investors
Apr 05, 2024 at 03:06 PM
The Nairobi Securities Exchange (NSE) has partnered with First Future Limited to launch a USSD-based platform, "NSEasy", aimed at simplifying and streamlining the client onboarding...
Capital Markets Authority prioritizes domestic investors in new strategic plan
Apr 05, 2024 at 11:46 AM
In a bid to propel sustainable growth in Kenya's capital markets, the Capital Markets Authority (CMA) unveiled its ambitious 2023-2028 strategic plan, with a particular focus on ha...
M-Pesa delinkage from parent, Safaricom, stalled by Sh75 billion tax hurdle
Apr 04, 2024 at 03:56 PM
The Central Bank of Kenya's (CBK) push to separate M-Pesa, the country's dominant mobile money platform, from its operator Safaricom, has encountered a significant hurdle – a pot...
Banking sector faces mounting pressure as non-performing loans hit record high
Apr 04, 2024 at 11:28 AM
Kenya's banking sector is grappling with a significant rise in non-performing loans (NPLs), which has reached a new high of 15.5 per cent of total lending according to Central Bank...
Relief as CBK maintains base rate at 13 per cent amid positive economic shifts
Apr 03, 2024 at 10:42 PM
The Central Bank of Kenya (CBK) has opted to maintain its base rate at 13 per cent for the coming month....
NSE significant upgrade in FTSE Russell classification boosts investor confidence
Apr 02, 2024 at 01:09 PM
The Nairobi Securities Exchange (NSE) has received a significant boost after the FTSE Russell Index upgraded its classification from "Restricted" to "Pass" in March 2024....
Hope for lower power bills as State moves to break Kenya Power monopoly
Apr 02, 2024 at 09:34 AM
The Kenyan energy sector is poised for a significant shakeup as the Energy and Petroleum Regulatory Authority (EPRA) proposes to allow private firms entering the electricity distri...
Britam delivers Sh4.82 billion pre-tax profits, soaring 65 per cent in 2023
Mar 28, 2024 at 04:26 PM
Britam Holdings Plc, a leading integrated financial services firm in East Africa, announced impressive financial results for the year ended December 31, 2023, posting a notable sur...
Kenya Pipeline Company's Sh5 billion dividend boosts Government revenue
Mar 28, 2024 at 01:21 PM
Kenya Pipeline Company (KPC) has declared a notable achievement with a special dividend payout of Sh5 billion to the National Treasury for the fiscal year, concluding in June 2023....
World's largest asset manager BlackRock makes comeback to NSE after four years
Mar 26, 2024 at 01:29 PM
In a significant boost for the Nairobi Securities Exchange (NSE), global investment giant BlackRock has re-entered the Kenyan market after a four-year absence....
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