Market News


GoK Payments And Tax Refunds Ease Interbank Rate For May
Eurobonds
Liquidity in the money markets eased during the month of May with the average interbank rate declining to 4.1 percent from ...

T-Bills End May With Neck High, Subscription Above 100%
market Selling markets
During the month of May, T-bill auctions recorded an oversubscription, with the overall subscription rate coming in at 103.7 percent, compared ...

Equity Bank’s Profits For Q1 Dip By 14 Percent
Equity stock
Profits for Equity Bank for the first three months of 2020 have dropped by 14 percent to 5.2 billion shillings from ...

Kenya Airways To Resume Passenger Operations In June
Kenya Airways KQ
National Carrier, Kenya Airways will now resume passenger flights in June after it was given a green light by the Ministry of ...

Mater Hospital Staff To Take 50% Pay Cut And Alternate On Unpaid Leave
Mater
Mater Hospital has become the latest casualty of the COVID-19 outbreak in Kenya with this being revealed in the hospital’s decision to ...

Absa Bank Kenya Registers Strong Performance In Q1 Amid Covid-19

Absa Bank Kenya PLC has reported a normalized profit after tax of 2.3 billion shillings for the period ended 31 March ...

Kenyan Banks Have Restructured Loans Worth Ksh 273.1 Billion
Bank Account
Kenyan commercial banks have restructured loans worth 273.1 billion shillings since March 18, 2020, in an effort to cushion customers against ...

Central Bank Of Kenya’s MPC Retains CBR At 7 Percent
KCB
The Monetary Policy Committee (MPC) under the Central Bank of Kenya (CBK) met on Wednesday and decided to retain the Central Bank ...

Russia Overtakes Saudi Arabia as China’s Largest Oil Supplier
Oil Exports
Russia was the largest oil supplier to China for April overtaking its closest rivals Saudi Arabia who dropped to the third position ...

Kenya Airways Sinks Deeper Into The Red With Ksh 12.98 Billion Losses
Kenya Airways KQ
Kenya Airways sank deeper into the red for the financial year ended December 2019 with 12.98 billion shillings in losses.The ...








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