Kenya’s foreign exchange reserves (import cover) was kept at Ksh.896.9 billion at final week ending September 2022. The record cover was a 1.4 percent uptick from the prior week when the reserves were recorded at Ksh.884 billion. According to the Central Bank of Kenya (CBK), the reserves
Inflation in Kenya hit 9.2 percent all-time high in September owing to high cost of food and fuel. It is a new high for the ten-year period from 8.5 percent in August this year. Food and non-alcoholic beverages prices rose by 15.5 percent in the month from
The Central Bank of Kenya (CBK) has paid in dividend, Ksh.4 billion to the Government Consolidated Fund (GCF) under the National Treasury. The fund, originating from the General Reserve Fund (GRF) was approved by the CBK Board to ensure the regulator is well-resourced to carry out
Top Siaya County government officials have been accused of presiding over the corruption syndicate which saw over Ksh.400 million stolen from public coffers weeks to the general elections. Addressing a press conference at his offices in Siaya Friday, Alego Usonga Member of Parliament Samuel Atandi said
Most African businesses, if asked, would leap at the chance to expand their markets beyond their home countries. And whether it’s a Kenyan fashion designer wanting to make their Summer range available to South Africans or a Ghanaian cocoa bean wholesaler looking to reach traders
The excitement around financial inclusion in Kenya is not without merit owing to innovative aspects of Fintechs and banks. This has seen the birth of Fuliza and M-shwari through new value propositions, including flexible products and better ways to address the financial challenges faced by low-income
Kenya’s 2022/23 National Budget will drop by 9 percent to Ksh.3.01 trillion from the current Ksh.3.31 trillion as President William Ruto rethinks strategy to lower the cost of debt repayment. The slash will take a toll on the ministries and the President has already instructed the
Kisii County government and the United Kingdom (UK) government have committed to fast-track the joint development programmes in the county. The County governor Simba Arati said that they are in discussion with the Kisii municipality on ways to fast-track UK Health Alliance and Sustainable Urban Economic
The Nairobi Metropolitan Service (NMS) has handed over all its functions back to the County Government of Nairobi. This followed the signing of a deed of transfer between the NMS Director General Mohammed Badi and Nairobi Governor Johnson Sakaja on Friday. These functions include health, transport, planning
The Central Bank of Kenya (CBK) raised the benchmark lending rate by 0.75 basis points to 8.25 Thursday for fear of looming inflation. The move is meant to slam breaks on inflation that soared to its record 8.3 percent from 7.9 in June – the highest
