The US remains the largest source of remittances into
Kenya, accounting for 62 percent in April 2022.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Xiaomi Corp reported a fall in first-quarter revenue as as Covid-19 controls and lockdowns hit demand in China.
The Kenyan rebrand will be followed by rebrands in Uganda, South Sudan, and Tanzania which is expected to be completed in 2023.
The new Master Guarantee risk-sharing agreement will boost Citi’s supply chain finance volumes in Africa by up to $400 million.
The National Treasury is seeking an additional Ksh.10 billion from May bonds which recorded an undersubscription of 71.9 per cent in a tap sale. The tap sale seeks to raise an estimated Ksh.11.4 billion after the rejection of expensive bids by the Central Bank of Kenya (CBK) in the initial issue. “Central Bank of Kenya is pleased to offer eligible investors an opportunity to participate in a tap sale of the above-fixed coupon Treasury bonds whose details are as in the prospectus issued value date 16/05/2022. The tap sale will be offered on a first-come-first-served basis,” the CBK said in…
The Central Bank of Kenya (CBK) says there will be no extension to the licensing deadline of September 17th 2022 for unregulated digital credit providers (DCPs. Unregulated DCPs are required to apply to the regulator for a license within six months, beginning March 18th 2022 or fold their operations. In a statement Tuesday, CBK said two months have elapsed since the publication of the Digital Credit Providers Regulations 2022 and not all DCPs have made their application to be licensed. “The purpose of this announcement is to remind all currently unregulated DCPs that have yet to apply for licensing, that they…