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Uhuru launches mortgage company for cheap homes

President Uhuru Kenyatta arrives at a Nairobi hotel for the official launch of the Kenya Mortgage Refinance Company on Wednesday, May 22, 2019.  Image: PSCU President Uhuru Kenyatta has launched the Kenya Mortgage Refinance Company in partnership between the government and the private sector. The initiative is aimed at reaching the goal of adequate, safe and […]

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Home prices hit three-year low on credit squeeze, poll period

Housing prices in Kenya registered sluggish growth in the third quarter of this year as the real estate market reeled from a politically charged environment that kept away investors and the adverse effects of interest rate caps. This is according to data from the Kenya Bankers Association (KBA) released Friday which showed that growth in […]

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Is Kenya Ready for the Global Economic Turbulence?

  While everything in the global financial system is working against small economies, the existing terrorism fear together with the Kenyan shilling weakening, increase the economic uncertainty in the country. And just when we were about to say that we are getting used to it, a new crisis stemming from China came along. A couple […]

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Kenyan shilling loses more ground, close to all-time low

NAIROBI (Reuters) – Kenya’s shilling weakened close to its all-time low in early trading on Tuesday, weighed down by corporate dollar demand and the U.S. currency’s strength on global markets, traders said. At 0722 GMT, the shilling traded at 106.60/70 close to the low of about 107, compared with 106.15/35 on Monday’s close. “There is […]