Markets
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Kenya Successfully Migrates Electronic Payment System to Global Standard
The Central Bank of Kenya (CBK) has successfully completed the migration of the Kenya Electronic Payment and Settlement System (KEPSS)…
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CBK Authorizes JPMorgan Chase Bank to Open Representative Office in Nairobi
The Central Bank of Kenya (CBK) has granted authorization for JPMorgan Chase Bank N.A., a major American financial institution, to…
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Uganda Lowers Benchmark Lending Rate to 9.75%
Uganda’s central bank lowered its benchmark interest rate to 9.75% from 10%, marking its first consecutive rate cut in four…
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Adani Group Seeks to Invest $900 Million in Tanzania Power Lines
Tanzania is in talks with the Adani Group for a $900 million public-private partnership project to construct high-voltage power lines.…
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CBK Cuts Benchmark Lending Rate by 75 Basis Points to 12%
The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12%, as expected, to support…
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Kenya Set for First Successive Rate Cut in Four Years
The Central Bank of Kenya (CBK) is set to cut interest rates at a second straight meeting for the first…
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CBK Approves 27 More Digital Credit Providers, Bringing Total to 85
The Central Bank of Kenya (CBK) has announced the licensing of an additional 27 Digital Credit Providers (DCPs), bringing the…
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Ghana Lowers Interest Rates by Steepest Margin Since 2018
Ghana’s central bank cut its key interest rate to 27% from 29%, a larger-than-expected reduction, as inflation in the country…
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Kenya to Decide on Future IMF Loans as Current Program Nears Expiry
Kenya will soon make a decision on the nature of its next International Monetary Fund (IMF) program once the current…
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Pressure Mounts on Kenya’s Treasury on Rising Rates Against Domestic Borrowing
With domestic interest rates soaring to 17% and external loans shrinking, Kenya faces a tough challenge in securing affordable funding…
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