Topic: Kamau Thugge
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...
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...
Kenya receives less World Bank funding by Sh39.3 billion despite fiscal deficit
Apr 04, 2024 at 12:35 PM
Kenya's hopes for a Sh1.5 billion ($1.2 billion) cash injection from the World Bank have been trimmed to Sh157.7 billion ($1.2 billion)....
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....
Treasury set to finance budget with local foreign currency-denominated bond
Feb 20, 2024 at 05:59 PM
In a bid to strengthen its financial footing, the National Treasury of Kenya is set to introduce a local foreign currency-denominated bond as part of its budgetary financing strate...
Kenya seizes opportunity to repurchase $2 billion Eurobonds as yields plummet
Feb 09, 2024 at 03:10 PM
In a surprise move, Kenya initiated the process to buy back its $2 billion Eurobonds maturing in June, capitalizing on a significant drop in yields....
CBK and Safaricom in 'close talks' to address frequent M-Pesa outages
Feb 08, 2024 at 02:05 AM
Concerns over the economic impact of recent M-Pesa outages have prompted the Central Bank of Kenya (CBK) to strengthen its collaboration with the mobile money platform....
Premium tears for borrowers in Kenya as CBK increases its base lending rate again
Feb 07, 2024 at 02:32 PM
Kenyan businesses and consumers are bracing for tougher times with banks set to raise their interest rates after the Central Bank of Kenya (CBK) raised the base lending rate....
CBK flags 400 digital lenders operating illegally in Kenya offering predatory loans
Dec 04, 2023 at 10:17 PM
Central Bank of Kenya has revealed that there are an alarming 400 digital credit providers (DCPs) operating illegally amid concerns over digital lenders offering predatory loans....
Kenya's IMF loans surge to sh335.5 billion, reflecting long-term credit facility impact
Nov 15, 2023 at 12:50 PM
Kenyan loans sourced from the International Monetary Fund (IMF) have experienced a threefold increase, surging to Sh335.5 billion as of June this year from Sh111.3 billion in Janua...
Weaker shilling boosts Kenya's economic prospects, the Central Bank now says
Oct 31, 2023 at 04:39 PM
The Central Bank of Kenya (CBK) has emphasized that a weaker shilling against the American dollar is advantageous for the country's economy, highlighting the potential benefits of ...
Parliament questions CBK Governor Kamau Thugge over plummeting Kenya Shilling
Oct 24, 2023 at 06:10 PM
The Central Bank of Kenya (CBK) Governor, Kamau Thugge, faced intense scrutiny from the Parliamentary Finance and National Planning Committee on Tuesday, as lawmakers sought answer...
Govt unveils DhowCSD to boost financial inclusion and economic growth in Kenya
Sep 12, 2023 at 12:27 PM
In a move aimed at enhancing financial inclusion and promoting economic growth, President William Ruto unveiled the Central Securities Depository Dhow (DhowCSD) on Monday at the Ce...
Government shifts borrowing strategy to ease domestic pressure on interest rates
Aug 11, 2023 at 01:04 PM
In a strategic move aimed at relieving the pressure on domestic interest rates and promoting private sector growth, the Kenyan government has announced a significant shift in its b...
Loans defaulted surge to record high of Sh82.9 billion amid economic hardships
Jun 29, 2023 at 12:11 PM
Borrowers have defaulted on an astounding Sh82.9 billion in bank loans within a mere four-month period, highlighting the prevailing economic challenges and leading to a significant...
William Ruto appoints Kamau Thugge as new Governor of Central Bank of Kenya
Jun 14, 2023 at 12:40 PM
In a Gazette Notice No. 7687, President William Samoei Ruto has appointed Kamau Thugge (DR.) as the Governor of the Central Bank of Kenya (CBK)....
Kamau Thugge set to be CBK governor after kicking Arror Kimwarer dams scam
May 15, 2023 at 11:25 PM
President William Ruto has nominated Former Treasury Principal Secretary Dr Kamau Thugge to be the next Central Bank of Kenya (CBK) governor to replace Dr Patrick Njoroge....
Joseph Kinyua signs letter appointing his replacement at Office of the President
Oct 14, 2022 at 07:44 PM
President William Ruto has appointed several individuals to the senior ranks of the Executive Office of the President....
Ex-CS Henry Rotich charged afresh over Sh50 billion Arror, Kimwarer scandals
May 26, 2021 at 02:18 PM
Former Treasury CS Henry Rotich and four others were on Wednesday charged afresh over the Sh50 billion-shilling Arror and Kimwarer dams scandals....
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