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Finance

Central Bank of Kenya inject Sh11.8 billion to calm money market

By Ben Kinyanjui

The Central Bank of Kenya injected Sh11.8 billion in the money market last week to ease the tightness attributed to government deposits.National Treasury secretary Henry Rotich is yet to pay all civil servantsNational Treasury secretary Henry Rotich is yet to pay all civil servants

CBK says the money market liquidity was relatively tight during the week ending August 7, attributed to accumulation of deposits by Government at the Central Bank awaiting finalization of payment arrangements for the reconstituted government ministries.

Commercial banks increases lending but face higher loan default, says CBK

By Ben Kinyanjui

Commercial banks gave Sh50 billion as loans to various sectors of the economy between March and June this year.Banks are giving more money for private consumption not investmentBanks are giving more money for private consumption not investment

The Central Bank of Kenya (CBK) says in its quarterly report on banks development that the sector’s gross loans and advances increased from Sh1.40 trillion in March to Sh1.45 trillion in June 20 which translated to a growth of 3.6 per cent.

Microfinance institutions increases lending to Sh22.5 billion

By TF News Reporter

Deposit taking microfinance institutions licensed by the Central Bank of Kenya (CBK) increased their lending from Sh21.2 billion in March to Sh22.5 billion in June this year.Most small scale traders have turned to MFIs for creditMost small scale traders have turned to MFIs for credit

CBK says deposits base stood at Sh19.7 billion representing a growth of 20.1 per cent from Sh16.4 billion in March.

Money market liquidity tightens as government build up deposits

By TF news Reporter

The money market liquidity was relatively tight during the week ending July 31 attributed to build-up of government deposits at the central Bank as it finalises payments arrangements for the new ministries.Government is yet to pay some of its workersGovernment is yet to pay some of its workers

The Central Bank of Kenya (CBK) says in its weekly bulletin that the bank liquidity management transactions through repo securities resulted in Sh18.9 billion net injection to alleviate the tightness.

The Kenyan shilling still under pressure as dollar demand increase

By Ben Kinyanjui

Pressure on the Kenyan shilling continued last week though the exchange rate remained stable with marginal depreciation reported by the Central Bank of Kenya (CBK).Central Bank says demand for dollar is highCentral Bank says demand for dollar is high

The bank says the depreciation was largely attributed to increased importer demand seeking to meet end of month obligations.

Central Bank of Kenya will allow market forces to determine exchange rate

By Ben Kinyanjui

The Central Bank of Kenya has denied claims that it was trying to fix the exchange rate even as the shilling come under intense pressure.CBK says it will intervene to sterm volatility only CBK says it will intervene to sterm volatility only

CBK has in the past few days sold foreign currency into the interbank market to stem volatility in the foreign exchange market but says it is committed to the floating exchange regime that it has pursued for decades now.

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