Kenya central bank sees minimal effect on shilling from Trump aid freeze
Kenya's central bank governor said on Thursday that bank officials did not see much effect on the exchange rate from U.S. President Donald Trump's foreign aid freeze. In late January, Trump placed a pause on most foreign development assistance pending assessments of efficiencies and consistency with his foreign policy.
Kenya Central Bank Yields Big Stick in Push for Lower Loan Rates
Kenyan central bank officials are moving from bank door to bank door inspecting why commercial interest rates have failed to fall in tandem with the benchmark rate.
CBK puts banks on notice, lowers lending rate to 10.75%
The Central Bank of Kenya has lowered its base lending rate by 50 basis points to 10.75 per cent down from 11.25 per cent, effectively cheapening interest charged on loans. The Monetary Policy Committee (MPC) chaired by CBK Governor Kamau Thugge,
Kenya central bank cuts key rate again to support lending
Kenya's central bank cut its main interest rate for the fourth meeting in a row on Wednesday, saying it wanted to do more to support lending and boost economic growth.
Kenya's MPC cuts key rate to 10.75% to spur growth
On Sunday, the Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) decided to lower the Central Bank Rate (CBR) by 50 basis points to 10.75 percent from the previous 11.25 percent. This move is aimed at supporting economic activity and maintaining exchange rate stability.
Cheaper Loans as Central Bank Rate Reduced Again
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR) from 12.00 percent to 11.25 percent to stimulate economic growth. This means that Kenyans will be able to enjoy cheaper loans for various items including businesses,
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Kenya: Banks enjoy 12% rise in profits despite decline in lending
Data from the Central Bank of Kenya (CBK) shows that profits have increased from $1.09bn during the same period last year, signalling the resilience of the banking sector ...
UN announces 15 innovation hubs to fuel digital transformation in Kenya
A consortium of United Nations agencies on Thursday, US time, announced the shortlisting of 15 innovation hubs to spur the ...
Tuko on MSN1h
Emotional Moment as Wife of Man Who’s Body Was Sneaked Into Kenya from US Views His Body
It was an emtional moment as the wife of Boaz Ogeto got to view her partner's lifeless body. According to reports, the family ...
Kenya has begun talks with IMF for new lending program, finance minister says
Kenya has already started talks with International Monetary Fund officials to secure a new lending program when the current ...
The Star2h
Kenya is seeking new markets for its meat, and livestock products
Kenya has traditionally been reliant on UAE and broader Middle East but is now targeting African nations. Nicholas Ngahu, CEO ...
Mongabay on MSN15h
Kenya revives poisoning campaign to curb invasive Indian house crows
NAIROBI ― Introduced to East Africa in 1891, in Zanzibar, to deal with domestic food waste, Indian house crows are now ...
U of Manitoba-led program tackling HIV in Kenya in jeopardy after Trump's cuts to USAID
The Trump administration's freeze on American foreign aid is sending a chill into the Manitoba non-profit space, with some ...
U.S. supports the Kenya-led mission in Haiti, Rubio says as more troops arrive
The United States is committed to working with the Kenya-led multinational security support mission in Haiti, but its numbers ...
The Africa Report20h
Kenya: Ruto renovates State House despite public outrage
Kenyan President William Ruto is facing public outrage over what is described as skewed priorities after he ordered the renovation of State House and state lodges across the country, while public ...
Tuko2h
North Eastern Kenya Disability Groups Applaud William Ruto's Landmark Visit
Ruto concluded his four-day tour of the North Eastern counties Mandera, Garissa and Wajir. Disability groups have lauded the ...