Economy
-
CBK tables report on adoption of digital currency in Kenya
A revolution in technology has been pushing for countries, globally to relook into their currency advancement, over the adoption of…
Read More » -
Kenya to receive Ksh.138 billion World Bank loan
The World Bank has approved a Ksh.138 billion loan for Kenya as a budget support facility, just a week after…
Read More » -
Kenya to tax car owners Ksh.5,000 per passenger seat in Finance Bill 2023
Kenyan government is proposing to tax private car owners based on passenger capacity, on top of a lined up tax…
Read More » -
Angola pays Ksh.3.4 bn to become ATI’s 21st Member State
The Republic of Angola has become the 21st African Member State and the 1st Lusophone Member State of pan-African insurer,…
Read More » -
CBK retains benchmark lending rate at 9.5%
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at 9.5 percent following its Monetary Policy Committee…
Read More » -
Low-carbon startups in Africa hit first close at Ksh.6.6 billion
Africa’s climate tech startups could see a significant increase in funding in the coming years as more funds target the…
Read More » -
Ghana seeks $4 billion from three lenders to shore up ailing economy
Ghana is seeking credit facilities from three multilateral lenders – International Monetary Fund (IMF), World Bank and the African Development…
Read More » -
Ruto’s Housing Fund headache and why it matters
Kenya’s urbanization rate stood at an average of 3.7% as of 2021, higher than the global average of 1.6%. Similarly,…
Read More » -
Key areas which IMF thinks Kenya has well prioritised for economic recovery
International Monetary Fund (IMF) Managing Director Kristalina Georgieva is in Kenya and met President William Ruto at State House in…
Read More » -
Ruto rushes to address Ksh.10bn worth of projects Kenya could lose for locking out japan
Kenya will address the double taxation problem facing projects funded by Japan’s Overseas Development Assistance (ODA). President William Ruto said…
Read More »