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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. […]
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 […]
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 […]
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 […]
As the Ministry of Education, under Professor George Magoha continues to gamble as to whether to have schools open or not, it has emerged that Rivertex East Africa will be making 26,000,000 facemasks for the Ministry of Education. According to Professor George Magoha, the 26,000,000 facemasks will be made ahead […]
