CBK to sell five and 10-year Treasury bonds The Central Bank of Kenya said on Friday it will sell five-year and 10-year Treasury bonds worth Sh25 billion in February. The bank said in a statement it will receive bids for the two bonds between February 12…

Safaricom eyes SMEs in cash transfer deal for Lipa na M-Pesa with 8 banks Safaricom has signed a deal with eight more banks to offer retailers real-time money transfer from the Lipa na M-Pesa tills to their banks accounts, a move aimed at recruiting more merchants…

Overvalued shilling may hit 110 to the dollar by year end Economists says Kenya’s real effective exchange rate (REER) is 20 per cent overvalued and forecasted that the currency is headed for 110 units to the dollar by the end of the year. The REER…

NSE welcomes pro-investor budget measures Nairobi Securities Exchange (NSE) officials have applauded three of the measures proposed in Treasury secretary Henry Rotich’s budget statement Thursday. For example, exemption of shares from Capital Gains Tax (CGT); plans to introduce mobile-based bond purchases. Exemption from stamp duty of…