In September, Ethiopia’s Council of Ministers passed a landmark decision to open the banking sector to foreign investors.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Housing units developed by Superior Homes Kenya include Greenpark in Athi River and Pazuri at Vipingo in Kilifi County.
Daima will offer three packages to keep a number active.
NCBA Bank has seven branches in western Kenya.
Investors are likely to shun auctions, with demand primarily remaining volatile for the remainder of 2022. According to Analysts from NCBA Research, this is reflective of liquidity conditions in the market. “Certainly, less pronounced government inflows in lieu of payments has greatly distorted interbank cash conditions,” they note in their NCBA Weekly Fixed Income Report – 24th October 2022. “As a result, the overnight rate has largely remained sticky above 5.00% this October. Meanwhile, the central bank has maintained its support of cash-strapped players via weekly reverse repos.” Demand primarily focuses on short-dated securities against expectations of higher interest rates…
The US remains the largest source of remittances into Kenya, accounting for 59 per cent of money sent back home in the month under review.