Markets
-
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…
Read More » -
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.…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
U.S Federal Reserve Lowers Interest Rate by 50 Basis Points; What it Means
The US Federal Reserve (Fed) has reduced the interest rates by 50 basis points (bps), setting it between 4.75% and…
Read More » -
JPMorgan Boss Dimon to Visit Kenya in Lender’s Expansion Plan Across Africa
JPMorgan Chase CEO Jamie Dimon is set to visit Kenya in mid-October, marking his first trip to Africa in seven…
Read More »
