Kenya Shilling Reaches New Low Against US Dollar, Closes at 122.0
Liquidity in the money markets tightened, with the average interbank rate increasing to 4.4% from 4.2%
The latest in the East African financial and banking sector
Kenya Diaspora Remittances Up 4.6 % in October 2022
Remittances represent an important source of foreign exchange and support many livelihoods.
Kenyan Banks Directed to Write-off Digital Loans Worth Ksh15 Bn
The Credit Repair Framework covers all loans with a repayment period of 30 days and below that were listed as…
Shilling Depreciated by 0.2% to Close at Kshs 121.8 Against US Dollar
On a year-to-date basis, the shilling has depreciated by 7.6% against the dollar. This is higher than the 3.6% depreciation…
KRA October 2022 Tax Revenue Up 8.5% – Treasury
The Kenya Revenue Authority’s (KRA) tax collection for October was up 8.5 per cent to Ksh 142.8 billion from Ksh…
Safaricom to Soon Launch M-PESA Junior Product
Minors will use SIM cards registered to their guardians or parents to access the network.
