Worry to Kenyans as CRB listing Resumes Wednesday: Loans defaults jumps

Worry to Kenyans as CRB listing Resumes Wednesday: Loans defaults jumps

The six-month freeze on listing loan defaulters with credit reference bureaus (CRBs) ends on Wednesday, paving the way for blacklisting of thousands of borrowers if the moratorium is not extended. The Central Bank of Kenya (CBK) announced the suspension of CRB listing…

Strong Remittances  in August to Hit a high of Ksh 29.3 Billion

Strong Remittances in August to Hit a high of Ksh 29.3 Billion

The Central Bank has revealed that diaspora remittances inflows remained strong for the fourth month running hitting Ksh29.3 billion ($274.1 million) in August 2020. The amount was 28 per cent higher than the $214.3 million recorded in August 2019. The remittances fell…

President Kenyatta directs Treasury to Retain Measures Set to Protect MSMEs from COVID-19 impact

President Kenyatta directs Treasury to Retain Measures Set to Protect MSMEs from COVID-19 impact

President Uhuru Kenyatta has petitioned the National Treasury to continue implementing measures that had been set aside to supporting small businesses and innovators, to cushion them against the impact of the ongoing coronavirus pandemic. Speaking during the National COVID-19 Conference Monday, Kenyatta…

NSE Extends Suspension From Trading Kenya Airways Shares for 6 Months

NSE Extends Suspension From Trading Kenya Airways Shares for 6 Months

The Nairobi Securities Exchange has extended the suspension from trading Kenya Airways shares for another six months. The airline is preparing for a government buyout. A statement from the bourse attributes the extension to Kenya Airways’ corporate restructuring, which is still ongoing….