(NAIROBI, KENYA) – The gap between what banks in Kenya charge on loans and pay on deposits narrowed to a 10 month low of 7.46 percentage points in July. The trend reflects pressure on lenders to balance lower borrowing costs for customers against the need to keep savers from movingContinue Reading
(NAIROBI, KENYA) – Investors have paid a premium to switch KES 11 billion ($85.6 million / £66.8 million) of holdings from a bond maturing in February 2028 into another government paper offering a higher interest rate and a lower withholding tax rate. The switch was conducted by the Central BankContinue Reading
(NAIROBI, KENYA) – A former Diamond Trust Bank manager has lost a court bid to challenge her dismissal through a constitutional petition after the Employment and Labour Relations Court ruled she used the wrong legal route. Salimah Pirbhai had sued the bank in January 2026, claiming its investigation into suspectedContinue Reading
(MOMBASA, KENYA) – The Coast Development Authority has called on state corporations, private firms and community groups to adopt a unified coastal development agenda and invest in the region’s natural resources. The appeal was made as the authority showcased its main projects at the ASK Show in Mombasa. CDA BoardContinue Reading
(MOMBASA, KENYA) – Clearing and forwarding agents at the Port of Mombasa have asked the Kenya Revenue Authority to withdraw a new Export Declaration requirement that they say has delayed cargo release and led to mounting storage costs. KRA has responded by explaining the legal basis of the rule. TheContinue Reading
(NAIROBI, KENYA) – Kenya and the United States are reviewing a new government to government health financing model aimed at improving accountability and strengthening local ownership of health programmes. The transition is being assessed through high level talks between Kenyan health officials and an American delegation in Nairobi. Health CabinetContinue Reading
(KISUMU, KENYA) – An acute milk shortage has hit Kisumu city, forcing retailers to ration supplies and raise prices for a product that is a staple food for many Kenyan households. Supermarkets and shops across the city are reporting empty shelves, while outlets with stock have increased prices sharply. AContinue Reading
(NAIROBI, KENYA) – East Africa remains one of the most expensive regions in the world for sending money across borders, but experts say wider use of available digital payment platforms could help bring costs down. The World Bank estimates that moving funds between digital wallets across borders in the regionContinue Reading
