1. Skip to Menu
  2. Skip to Content
  3. Skip to Footer>
  • Kenya smallholder tea farmers earn Sh63.6 billion from tea exports

  • Forex 31.07.2015

  • Forex 30.07.2015

  • Forex 29.07.2015

  • Forex 28.07.2015

 

Finance

Central Bank Governor Professor Njuguna Ndung’u honoured in Washington

By Agencies

The Central Bank of Kenya Governor Prof Njuguna Ndung’u has been named the central bank governor of the year, Sub-Saharan African 2014.CBK governor Prof Njuguna Ndung'u voted the best in sub-Saharan AfricaCBK governor Prof Njuguna Ndung'u voted the best in sub-Saharan Africa

The award by Emerging Markets (EM) Magazine is given each year, in recognition of the achievements of leading policy makers in emerging markets.

Cost of living continue to soar as inflation rate jump to 8.36 per cent in August

By TF News Reporter

Increasing prices of food, rent and transport costs have pushed the rate of inflation to 8.36 per cent in August up from 7.67 in July.Rising rate of inflation is a concern to government whose target is five per cent and belowRising rate of inflation is a concern to government whose target is five per cent and below

During the month, several parts of the country experienced drought with the government forced to supply emergency food relief to thousands of famine-stricken people in six counties, most of them in the arid and semi arid areas.

CBK grants authority to Rabobank Nederland of Netherlands to open office in Kenya

By TF News Reporter

The Central Bank of Kenya (CBK) has granted authority to Rabobank to open a Representative Office in Kenya. The authority was granted pursuant to Section 43 of the Banking Act. CBK governor Prof Njuguna Ndung'u says office to deepen trade ties between Kenya and NetherlandsCBK governor Prof Njuguna Ndung'u says office to deepen trade ties between Kenya and Netherlands

Rabobank Nederland is a cooperative bank owned by local cooperatives in Netherlands. Apart from offering financial services to its member cooperatives, Rabobank Nederland, which is licensed and supervised by the Central Bank of Netherlands (De Nederlandsche Bank), also offers universal banking services to the public.

The shilling under pressure from the corporate, says CBK

By Ben Kinyanjui

The Central Bank of Kenya has broken silence over the depreciating shilling saying it had come under increased pressure.CBK says there is enough foreign reserves to cover importsCBK says there is enough foreign reserves to cover imports

In a brief statement, CBK says the pressure is attributed to seasonal factors as corporations pay out dividends to external shareholders.

Tourism sector to suffer credit squeeze due to terror attacks, says banks

By JK Mwangi

Commercial banks are expected to reduce lending to the tourism sector and agriculture due to perceived risks associated with terrorism and unfavourable weather.Tourism is expected to suffer due to frequent terror attacksTourism is expected to suffer due to frequent terror attacks

According to a credit officer survey done by the Central Bank of Kenya (CBK) says most credit officers interviewed said they foresee a slight increase in non-performing loans (NPLs) in the agriculture, tourism and real Estate sectors.

Mobile money is now the most used financial service in Kenya, says report

By TF News Reporter

Mobile money remains is the leading mode of financial services commanding 75.6 of all points of service provided by financial institutions.CBK governor Prof Njuguna Ndung'u says 25 per cent of Kenyans have no access to financial servicesCBK governor Prof Njuguna Ndung'u says 25 per cent of Kenyans have no access to financial services

Though relatively new in the market, mobile money is far ahead of the traditional banking that commands a mere two per cent of the points. The newly introduced bank agents have increased significantly to command 12.3 per cent.

Like Us On Facebook

Follow us on Twitter

Kenya Economy

I want to be an entrepreneur

Taibjee Consultants
www.taibjeeconsultants.com
For Patent, Trademark, Industrial Design, Customer Care training

EAC News
www.eatradereview.net
Read Comprehensive  Regional, Trade and Investment News on East Africa

Sponsored Ads

University of Nairobi