Kepha Muiruri

Kepha Muiruri

2241 Articles

  • Kenya maintains resistance to global tax plan

    Kenya maintains resistance to global tax plan

    Kenya's pre-conditions include the reduction of the revenue threshold placed on multinationals to be taxed under the scheme to Ksh.31.2 billion (250 million Euro).At the same time, KRA wants developing countries like Kenya to retain taxing rights under the digital services tax (DST) and allow for a...

  • Telkom inks deal to grow 4G devices uptake

    Telkom inks deal to grow 4G devices uptake

    Telkom customers will have access to new devices with no deposit requirement and with flexible repayment plans of up to 12 months for devices whose value is capped at Ksh.500,000.

  • Kenya takes Ksh.70 billion debt hit from weaker Shilling

    Kenya takes Ksh.70 billion debt hit from weaker Shilling

    According to data from the National Treasury and the Central Bank of Kenya (CBK), the stock of external debt when expressed in dollar terms declined by 0.7 per cent to $36.65 billion from $36.9 billion indicating an overall decline in external debt.Nevertheless, when expressed in Kenya Shilling term...

  • Pesapal gets regulatory nod in Uganda

    Pesapal gets regulatory nod in Uganda

    The approval by Uganda’s Central Bank will allow the company to scale its cashless transactions, financial inclusion and convenience.

  • Cost of loans hits 25 month high

    Cost of loans hits 25 month high

    The cost of loans is expected to see a second-round lift from a hike in the Central Bank Rate (CBR) which had been unchanged at seven per cent since April 2020 at a flat seven per cent.Last month, CBK lifted its benchmark interest rate to 7.5 per cent, a first hike in nearly seven years, setting the...

  • Dollar deposits hit record Ksh.834B

    Dollar deposits hit record Ksh.834B

    The foreign currency deposits posted a 9.4 per cent annualized rate of growth in April reversing a deceleration in the accumulation of the hard currency which had slumped to 3.2 per cent and four per cent in February and March respectively.The preference to hold deposits in foreign currency, especia...

  • John Gachora retained as KBA Chair

    John Gachora retained as KBA Chair

    Gachora has been retained alongside Rebecca Mbithi who will serve as the bankers’ lobby Vice-Chair for the period 2022-2023.

  • Mobile subscriptions fall by 125k on SIM deactivations

    Mobile subscriptions fall by 125k on SIM deactivations

    Subsequently, the number of active mobile subscriptions has fallen to 64.9 million from 65.1 million at the end of December last year.This to slightly trim the rate of mobile penetration to 131.4 per cent.Mobile money subscriptions are nevertheless up by 1.2 million over the opening quarter of the y...

  • 'Big 5' oil marketers increase grip on petroleum sales

    'Big 5' oil marketers increase grip on petroleum sales

    The big five include Vivo Energy which operates Shell branded petrol stations, Total, Rubis, Ola and Oryx.Vivo remains the market leader with a consolidated market share of 22.89 per cent, ranked by petroleum sales.Retail outlets (petrol stations) continue to dominate petroleum consumption at 49 per...

  • Treasury off the mark in year-ending bond sale, raises Ksh.19.6B

    Treasury off the mark in year-ending bond sale, raises Ksh.19.6B

    The exchequer has instead tapped just Ksh.19.6 billion representing a 78.4 per cent rate of performance for the issue.Subsequently, the CBK has taken all proceeds from the issue ahead of the winding up of the current fiscal year on June 30.