4m Kenyans suffer crypto crash losses

Currencies 4m Kenyans suffer crypto crash losses Tuesday June 21 2022 The ongoing meltdown in the cryptocurrency industry could push an estimated four million Kenyans who hold the digital assets deeper into losses as the leading crypto Bitcoin struggles to stay above the key level of Sh2.3 million ($ 20,000). The crypto market, known for … Read more

Central Bank raises interest rate to tame inflation

Capital Markets Central Bank raises interest rate to tame inflation Monday May 30 2022 Central Bank of Kenya. PHOTO PHOTO | NMG The Central Bank of Kenya on Monday raised its policy lending rate by a quarter percentage point to stem rising inflation and stabilize the Shilling. The increase in the Central Bank Rate (CBR) … Read more

IMF backs Kenya’s cooking oil, loans, gambling tax raise

Economy IMF backs Kenya’s cooking oil, loans, gambling tax raise Thursday April 28 2022 Signage at the International Monetary Fund (IMF) headquarters in Washington, DC. PHOTO | AFP By CONSTANT MUNDAMore by this Author Summary Some of the taxation measures include 16 percent levy on cooking gas, raising excise duty on airtime and data to … Read more

Smartphone hitch hits CBK’s digital shilling plan

Economy Smartphone hitch hits CBK’s digital shilling plan Wednesday March 23 2022 CBK has warned that lack of access to smartphones by more than half of mobile users in the country will hamper the rollout of its proposed digital currency. PHOTO PHOTO | NMG By JULIANS AMBOKOMore by this Author Summary CBK Governor Patrick Njoroge … Read more

CBK gives mobile lenders until September to apply for new licenses

News CBK gives mobile lenders until September to apply for new licenses Tuesday March 15 2022 Central Bank of Kenya Governor Patrick Njoroge. PHOTO | SALATON NJAU | NMG By BRIAN NGUGIMore by this Author Summary CBK governor Patrick Njoroge said on Tuesday the new regulations under a new law are expected to be gazetted … Read more