Markets
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Kenya unfairly paying Ksh.160 billion more on interests in sovereign bonds – report
The accelerated issuance of foreign currency-denominated debt has led to an increasing pace of sovereign credit rating assessments by the…
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Saudi Aramco’s profit down 38% to Ksh.4.3 trillion in Q2
Oil firm Saudi Aramco announced its profits of Ksh.4.3 trillion (US$30.08 billion) for the second quarter, a sharp fall from…
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AU-led APRM downplays Moody’s comments on Kenya’s Eurobond buyback plan
Moody’s Credit Rating Agency has received a backlash from the African Union-led African Peer Review Mechanism (APRM) concerning its comments…
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Kenya’s inflation down to 7.3% in 14 months to July
Kenya’s year-on-year inflation fell to 7.3 percent in July from 7.9 percent in June. The Kenya National Bureau of Statistics…
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What Kenya has achieved since govt-to-govt oil pact with UAE
Kenya has devised a number of ways to help stabilize the Kenya shilling against the hard currencies, especially the US…
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Weaker Shilling shoots public debt to Ksh.680 billion in six months
The Office of the Controller of Budget says Kenya’s stock of US-denominated debt has led to Shilling volatility even further…
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Why fuel consumption in Nigeria is dropping
Daily petrol consumption in Nigeria has been dropping since the government scrapped a costly fuel subsidy that has cost the…
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Kenyan Shilling’s Resilience Against US Dollar: How State is fighting to stabilise the currency
Since the new leadership at the Central Bank of Kenya (CBK), prudent monetary policies have been aligned to salvage the…
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Fitch Ratings downgrades Kenya’s Credit Rating to Negative
Fitch Ratings has revised Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at…
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State raises Ksh.52.1 billion from 5 & 10-year re-opened bond
Central Bank of Kenya (CBK) released the auction results for the newly issued bond FXD1/2023/05 with a tenor to maturity…
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