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CBK News

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Finance

HELB Launches Mandatory Salary Deductions for Private Sector Loan Defaulters, Partners with KRA to Notify Employers

 The Higher Education Loans Board has launched a nationwide enforcement drive mandating automatic salary deductions for private sector employees who have defaulted on their …

Business

World Bank Blames CA Delay for High Call Rates, Pushes for Cost-Based Pricing to Lower Tariffs

 The World Bank has attributed Kenya's high mobile call rates to delays by the Communications Authority in reducing mobile termination charges, urging the regulator …

Business

Kiharu MP Ndindi Nyoro Offloads 3.08 Million Kenya Power Shares Worth KSh 37.8 Million

Kiharu Member of Parliament Ndindi Nyoro has disposed of 3.08 million shares in Kenya Power and Lighting Company valued at KSh 37.8 million in …

Business

Bar Owners and Retailers Petition Senate to Halt Tobacco Control Amendment Bill Over Rushed Process and Job Loss Fears

 Bar owners and retailers have filed an urgent petition at the Senate urging the House to suspend debate on the Tobacco Control (Amendment) Bill, …

Finance

World Bank Warns Kenya’s Heavy Domestic Borrowing Crowding Out Private Sector Credit

 The glass-fronted conference room on the fourteenth floor of the World Bank offices in Nairobi’s Upper Hill, where the late-morning light filtered through half-open …

Business

Kenya's Mobile Money Transactions Plunge by Sh345 Billion in Nine Months Amid Economic Squeeze

 The vibrant chaos of Gikomba Market in Nairobi, where vendors in colorful kitenges haggle over sacks of tomatoes and bolts of kitenge fabric while …

Finance

Treasury CS John Mbadi Vows Criminal Charges for Employers Withholding Pension Deductions, Proposes Payroll Integration

The marbled corridors of the National Treasury building on Harambee Avenue, where the air hums with the quiet intensity of fiscal calculations and policy …

Business

High Court Overturns Sh1.1 Billion Arbitral Award to Popote Innovations in M-Pesa Super App Dispute with Safaricom

 The glass-and-steel atrium of Nairobi's Milimani Law Courts, where the hum of legal briefs and the shuffle of robed advocates blend into a symphony …

Finance

Kenya Accelerates US Debt Repayments to Sh18 Billion Amid Washington's Shift to Agency-Funded Projects

 The vaulted halls of the National Treasury building on Harambee Avenue, where economists pore over balance sheets under the hum of air conditioners straining …

Business

Kenya Railways Engages UAE Consortium for Major Investment in Sh28 Billion Nairobi Railway City Project

 The relentless hum of Nairobi's matatus and the distant rumble of commuter trains form the urban symphony that has long defined the city's southern …