Prostitution, alcohol abuse, drug abuse, and all manner of ills seems to have gripped our society. Sometimes last December (2020) a friend invited me to help do research on a matter related to business and social groups. So in one session, we spent some time walking around the central business […]
Author: Herald Business
Subdued Dollar Demand Keeps The Shilling Unchanged
The money markets remained liquid during the week, with the average interbank rate increasing marginally to 2.7 percent, from 2.6 percent recorded the previous week, mainly supported by government payments. The average interbank volumes declined by 11.7 percent to 11.1 billion shillings, from 12.6 billion shillings recorded the previous week. […]
Kenya Airways Needs Ksh 50,000,000 To Keep It From Dying
The financial woes facing Kenya Airways seem to be far from being over. As the once vibrant airline continues to register one major loss after another, its CEO now says that it needs at least 50 billion shillings to survive. Allan Kilavuka, the CEO of Kenya Airways said that the […]
Investors Warm Up Long-term Bonds As T-Bills Linger In The Red
There was a high demand for the months bond offers as the overall subscription rate for the three bonds was at 163. percent, the government received bids worth 81.7 billion shillings, higher than the 50.0 billion shillings offered. The three re-opened auctions were, FXD2/2010/15, FXD1/2020/15, and FXD1/2011/20 with fixed coupons […]
KMRC To Start Lending After A Note From CBK
Kenya Mortgage Refinance Company (KMRC) has been given a green light by the Central Bank of Kenya to start lending to banks that will later lend to Kenyans who want to own homes. Kenya Mortgage Refinance Company is a public-private partnership (PPP) firm formed by the Government to drive the […]