CBK’s foreign currency reserves remain adequate to provide 4.55 months of import cover and cushion the economy against short-term shocks in the foreign exchange market.
The Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) on Wednesday kept the benchmark rate unchanged at 7% in its sixth consecutive sitting amid concerns of slight rise in…
Manufacturing sector recorded a 7.8% growth in loan uptake, transport and communications at 21.1%, real estate 7.6%, and consumer durables at 15.7%.
Earlier this month BOM proposed investing more than half of the country’s estimated lifetime revenue of $96 billion from the LNG field in a sovereign wealth fund that would be…
“NPL increases were noted in the real estate, personal, transport and communication sectors due to subdued business environment,” Dr. Njoroge said.
On Friday, President Felix Tshisekedi announced that his government would also tighten fiscal policy to support the currency and fight inflation.
The National Bank of Rwanda (BNR) has cut the Central Bank Rate (CBR) from 5% to 4.5% to support commercial banks to continue financing the economy following recent negative economic…
That brings the total easing since November to 200 basis points, with the rate now the lowest since September 2011
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Kenya's Central Bank has today announced the reduction of the benchmark lending rate (CBR) to 8.5% from the previous 9.0% for the first time since July 2018.
The bank took note…