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<p>In Kenya, according to the National Treasury and Planning Cabinet Secretary Ukur Yatani, the State has chopped off $82.5 Million from its 2021/2022 budget on both its development and recurrent expenditure targets amid a tough economy. Ken Gichinga, Chief Economist at Mentoria Economist joins CNBC Africa for more.</p>


Kenya 2021/22 budget cuts; Losers

Kenya 2021/22 budget cuts; Losers, gainers

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<p>Kenya&#8217;s Central Bank held its main lending rate at 7 per cent, saying inflation was expected to remain within the target range. CNBC Africa spoke to Churchill Ogutu, Head of Research at Genghis Capital for more.</p>


Kenya’s Central Bank maintains key repo rate at 7%

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<p>According to the Central Bank, Kenyans working overseas sent home $260.2 million in February 2021, an increase of 18.9 per cent compared to last year. Also, investment firm Centum issued a profit warning citing lower disposal of investments and effects of Covid-19 on the private equity portfolio business. Justin Mwangi, Investment Analyst at Cytonn joins CNBC Africa for more.</p>


Kenya records 18.9% remittance growth in February despite COVID-19

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<p>Following the expiry of a one-year window through which the lenders had extended and restructured the loan repayments for customers impacted by Covid-19 pandemic, Kenyan bank borrowers have three months to regularise their loan repayments.</p>


Kenya’s Central Bank gives borrowers 3 months to regularise bank loan repayments

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<p>According to the Central Bank of Kenya, the country&#8217;s economy is expected to rebound strongly in 2021, supported by recovery in some key sectors. Deputy Governor of the Central Bank of Kenya, Sheila M&#8217;mbijjewe, joins CNBC Africa for more.</p>


Dep CBK Gov outlines key sectors to drive Kenya’s recovery in 2021

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<p>Kenya&#8217;s Central Bank held its benchmark lending rate at 7 per cent for the sixth time in row. CNBC Africa spoke to the CEO of the Kenya Banker&#8217;s Association, Habil Olaka, for the industry&#8217;s reaction to the Central Bank&#8217;s Monetary Policy Committee.</p>


Kenyan banks react to CBK’s decision to hold benchmark lending rate at 7%

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<p>According to a report by GSMA, in 2019, 50 million sub-Saharan Africans created a mobile-money account via a mobile phone, representing a 12 per cent increase compared to 2018. Moreover, data from the Central Bank of Kenya indicates more than 6.5 million Kenyans registered new mobile money accounts in the 11 months through November 2020 bring the total number of mobile money accounts to 65.766 million.  Economic Analyst, Reginald Kadzutu joins CNBC Africa for more.</p>


How East Africa can build financial resilience through mobile money

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<p>Kenyan Central Bank is seeking to regulate digital lending in an effort to curb rates which it says are disproportionately expensive compared to traditional products. How serious is this issue and what implications would the decision have? Victor Otieno, Managing Director at Viffa Consult joins CNBC Africa for more.</p>


Kenya seeks to regulate digital loans

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<p>Tomorrow marks the end of a six-month relief on listing loan defaulters which Kenyan Central Bank implemented as part of a stimulus package to cushion distressed businesses and individuals from the effects of the COVID-19 pandemic.</p>


Kenya CRB listing relief ends

Kenya CRB listing relief ends, here’s how this impacts loan defaulters

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<p>In Kenya, the Central Bank is inviting investors to bid for the 15-year and 20-year treasury bonds worth $461.5 million, with proceeds to be used by National Treasury to finance the national budget. Moreover, diaspora remittance remained strong to hit $277 million in July which was a marginal decline from the $288.5 million recorded in June 2020.  David Gitau, Invetment Analyst at Cytonn joins CNBC Africa for more.</p>


Kenya’s Central Bank floats bond for budgetary support

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<p>In what feels like a race against time, Kenya parliament&#8217;s budgets appropriations committee approved the third supplementary budget on Friday for the financial year ending tomorrow, why so late and what are the implications of the latest changes? Churchill Ogutu, Head of Research at Genghis Capital joins CNBC Africa for more.</p>


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<p>In Kenya, the banking sector continues to dominate activity at the Nairobi Securities Exchange with shares worth Ksh775 million transacted, which accounted for 48.27 per cent of the traded value in the week that ended on 30th April 2020. Moreover, the Central Bank of Kenya announced the insurance of a 5-year Ksh50 billion bond for budgetary support in May with the auction date set for Wednesday 6th of May. The market-determined bond will mature in May 2025 with CBK encouraging investors to use treasury mobile direct or internet banking to purchase the bond. Joining CNBC Africa for more is Rodney Omukhulu, Assistant Investments Analyst at Cytonn.</p>


Central Bank of Kenya issues a 5-year Ksh50bn bond for budgetary support

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<p>The Central Bank of Kenya (CBK) agreed with the banks to waive mobile money transfer charges starting Monday night until June 30 in the push for cashless payments aimed at curbing the spread of the coronavirus. Also, the US Trade Department has started negotiations on comprehensive trade agreement with Kenya in a move that will extend country’s preferential access after the current deal ends in 2025. Maryanne Ng’ang’a, Investment Analyst at Cytonn joins CNBC Africa for more.</p>


COVID-19: Central Bank of Kenya directs banks to quarantine cash

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<p>About Ksh7.3 billion shillings worth USD$71.5 million were not returned during the demonetization of the 1,000 shilling old notes, according to an official from the Central Bank of Kenya (CBK). Patrick Njoroge, Governor of the Central Bank of Kenya, told journalists in Nairobi that the four-month phase-out of 1,000 shilling notes proceeded well and achieved its overall objective of removing money obtained from illegal activity from the economy. From Nairobi, Journalist, Joseph Bonyo joins CNBC Africa for more.</p>


What impact will demonetization of 1,000 shilling notes have on Kenya’s economy?

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<p>Technological disruptions have played a key role in bridging the financial inclusion gap in Sub-Saharan Africa (SSA) and the future seems ever brighter for the industry. On the future of the industry, Deputy Governor of the Central Bank of Kenya (CBK), Sheila M&#8217;mbijjewe joins CNBC Africa&#8217;s Arnold Kwizera for more.</p>


What the future of banking holds for women on financial inclusion

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<p>Performance of equities at the Nairobi Securities Exchange slipped by more than 1 per cent on Wednesday following Tuesday’s announcement by opposition leader Raila Odinga that he will not participate in the presidential election re-run.</p>


Raila Odinga’s withdrawal rattles Kenyan markets

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<p>Bonds turnover at the Nairobi Securities Exchange grew marginally to Ksh342.9bn in the first nine months of the year, as investors showed preference for short-term government securities in the primary market. Kenneth Minjire, Head of Securities at Genghis Capital joins CNBC Africa to discuss market movements in the Kenyan market.</p>


CBK

Kenya 2021/22 budget cuts; Losers, gainers

Kenya’s Central Bank maintains key repo rate at 7%

Kenya records 18.9% remittance growth in February despite COVID-19

Kenya’s Central Bank gives borrowers 3 months to regularise bank loan repayments

Dep CBK Gov outlines key sectors to drive Kenya’s recovery in 2021

Kenyan banks react to CBK’s decision to hold benchmark lending rate at 7%

How East Africa can build financial resilience through mobile money

Kenya seeks to regulate digital loans

Kenya CRB listing relief ends, here’s how this impacts loan defaulters

Kenya’s Central Bank floats bond for budgetary support

Kenya’s Central Bank maintains key repo rate at 7%

Central Bank of Kenya issues a 5-year Ksh50bn bond for budgetary support

COVID-19: Central Bank of Kenya directs banks to quarantine cash

What impact will demonetization of 1,000 shilling notes have on Kenya’s economy?

What the future of banking holds for women on financial inclusion

Raila Odinga’s withdrawal rattles Kenyan markets

Bond turnover at Kenyan bourse flat in first 9 months

News Tips

Advertise With Us

CBK

Kenya 2021/22 budget cuts; Losers, gainers

Kenya’s Central Bank maintains key repo rate at 7%

Kenya records 18.9% remittance growth in February despite COVID-19

Kenya’s Central Bank gives borrowers 3 months to regularise bank loan repayments

Dep CBK Gov outlines key sectors to drive Kenya’s recovery in 2021

Kenyan banks react to CBK’s decision to hold benchmark lending rate at 7%

How East Africa can build financial resilience through mobile money

Kenya seeks to regulate digital loans

Kenya CRB listing relief ends, here’s how this impacts loan defaulters

Kenya’s Central Bank floats bond for budgetary support

Kenya’s Central Bank maintains key repo rate at 7%

Central Bank of Kenya issues a 5-year Ksh50bn bond for budgetary support

COVID-19: Central Bank of Kenya directs banks to quarantine cash

What impact will demonetization of 1,000 shilling notes have on Kenya’s economy?

What the future of banking holds for women on financial inclusion

Raila Odinga’s withdrawal rattles Kenyan markets

Bond turnover at Kenyan bourse flat in first 9 months

News Tips

Advertise With Us

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