Kepha Muiruri

Kepha Muiruri

2235 Articles

  • 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.

  • Parliament will not reconvene to debate bills rejected by Uhuru

    Parliament will not reconvene to debate bills rejected by Uhuru

    The three bills include the Insurance Professionals Bill, the HELB (Amendment) Bill, and the ICT Practitioners Bill.Speaker Muturi said the bills cannot be reconsidered as the House has since proceeded on indefinite recess ahead of the General Election.The shelved bills can now only be reintroduced...

  • Banks push for higher interest rates to check dollar strength, shortage

    Banks push for higher interest rates to check dollar strength, shortage

    According to NCBA Group MD John Gachora, higher interest rates will make it attractive to hold shilling-denominated assets and discourage the hoarding of dollars by market participants.At the end of May, the CBK raised its benchmark interest rates by 50 basis points to 7.5 per cent.This, the first s...

  • May fuel subsidy payments match taxes collected from petrol

    May fuel subsidy payments match taxes collected from petrol

    This to mirror fiscal pressures resulting from fuel price stabilization mechanism which the National Treasury hinted is now set to be vacated over its unsustainability.Last week, Energy Cabinet Secretary Monica Juma revealed the fuel subsidy had gobbled up Ksh.67 billion over 11 months to the end of...

  • Why Pakistanis drinking less tea concerns Kenya

    Why Pakistanis drinking less tea concerns Kenya

    The decision to consume less tea among the Pakistanis is yet to become an official position by the government even as Pakistan toys with ideas to cut its high import bill.Last week, a senior government minister in the country suggested that sipping a few cups of tea a day would cut the high import b...

  • KCB credit rating unchanged on strong funding, profits

    KCB credit rating unchanged on strong funding, profits

    The retention of the rating despite growing headwinds has been attributed to the lender’s strong funding base and improved profits in the past year.Fitch says the bank has a strong funding profile with customer deposits representing 91 per cent of the bank’s non-equity funding as of the end of 2021.

  • KMRC to resume Ksh.10.4 billion bond program next year

    KMRC to resume Ksh.10.4 billion bond program next year

    According to the mortgage refinancer, the delayed issuance of the second part of the notes will help the company align proceeds from the bond’s program to its mortgages pipeline.Earlier in February, KMRC easily raised Ksh.1.4 billion from the first tranche of its MTN program.The issue was oversubscr...