Business
Kenya Set for First Successive Rate Cut in Four Years
October 8, 2024
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…
CS Muturi Officially Launches Customer Service Week at Nairobi’s Huduma Centre
October 7, 2024
CS Muturi Officially Launches Customer Service Week at Nairobi’s Huduma Centre
Public Service Cabinet Secretary Justin Muturi officially inaugurated this year’s Customer Service Week at the Huduma Centre, GPO, in Nairobi,…
Absa Bank Kenya Commits Ksh. 500 Million to Transformative Projects through New Foundation
October 3, 2024
Absa Bank Kenya Commits Ksh. 500 Million to Transformative Projects through New Foundation
Absa Bank Kenya has announced a Ksh.500 million seed funding for transformative projects aimed at addressing societal and environmental issues.…
Nigeria Receives $1.57 Billion Loan From World Bank
October 2, 2024
Nigeria Receives $1.57 Billion Loan From World Bank
The World Bank has approved $1.57 billion in new loans to Nigeria to support health services, education, and dam safety,…
Kenya Inflation Slows to 12-Year Low in September on Food Prices
October 2, 2024
Kenya Inflation Slows to 12-Year Low in September on Food Prices
Kenya’s annual inflation eased in September to the slowest pace in almost 12 years, helped by weaker growth in food…
CBK Approves 27 More Digital Credit Providers, Bringing Total to 85
October 1, 2024
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…
Ghana Lowers Interest Rates by Steepest Margin Since 2018
September 30, 2024
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…
Zimbabwe Devalues Currency, Raises Interest Rates to Curb Inflation
September 30, 2024
Zimbabwe Devalues Currency, Raises Interest Rates to Curb Inflation
Zimbabwe’s Reserve Bank has devalued its gold-backed currency, the ZiG, by 43% and raised the benchmark interest rate to 35%…
Kenya to Decide on Future IMF Loans as Current Program Nears Expiry
September 27, 2024
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…
Pressure Mounts on Kenya’s Treasury on Rising Rates Against Domestic Borrowing
September 26, 2024
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…