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 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 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'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,
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 Star1h
US affirms its support for Kenya-led Haiti mission
Reports had earlier indicated that the US had ordered an immediate stop to its financial contribution to the MMS ...
Mongabay on MSN1d
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 ...
Kenya private sector activity expands weakly in January, PMI shows
Kenya's private sector activity expanded for a fourth straight month in January but only modestly and at a slower pace than ...
The Star1h
DCI probe at Kenya Pipeline costs taxpayers Sh3 billion
Taxpayers were forced to foot about Sh3 billion bill at Kenya Pipeline Company, thanks to the never-ending probes by the ...
Mongabay on MSN2d
Kenya wildfire threatens region of rare wildlife, plant species
NAIROBI ― An environmental disaster is unfolding in Isiolo county, in northeastern Kenya, following a recent wildfire ...
The Africa Report3d
Kenya: Renewed pressure on Ruto to probe abductions after two missing people found dead
The opposition has warned that unless the government investigates the surge in abductions and extrajudicial killings, it will ...
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 ...
Guitars, masks and defiance: Kenya’s rock and metal scene catches fire
After years in the wilderness, Kenyan bands like Irony Destroyed, Last Year’s Tragedy and Rash are clawing their way up the ...
The Africa Report1d
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 ...
Independent.ie on MSN1h
Pól Ó Conghaile: A little elephant, a 7,000km trip and a lasting souvenir from Kenya
It was just one souvenir on the colourful shelves of a roadside stop in Nkoilale. Alongside it were belts, bracelets, ...