Kenya’s Private Sector Activity Rises to 6-Month High in November- Stanbic PMI
Kenyan firms saw improvement in business conditions in November, marked by improved sales as demand for goods and services increased amid stable employment, the latest Stanbic Purchasing Manager Index (PMI) [...]
Ghana Unlocks US$360Mn from IMF as Elections Loom
Ghana has secured US$360 million from the International Monetary Fund (IMF) after the successful third review of the 36-month Extended Credit Facility Arrangement. “The authorities’ economic strategy is delivering on [...]Kenyan Shilling Weakens to 4-Month Low on Increased Dollar Demand
The Kenyan Shilling has weakened to a near 4-month low against the US dollar as demand for the foreign currency increased in the past week. Demand is still surpassing supply. [...]Choice Microfinance Gains Nationwide Status after Central Bank Greenlight
The Central Bank of Kenya (CBK) has approved Choice Microfinance Bank to transition from a community microfinance bank to a nationwide microfinance bank. “The Central Bank of Kenya on 4th [...]Central Bank Moves to Protect Lenders From Liquidity Shocks
The Central Bank of Kenya (CBK) has proposed that commercial banks raise their share in liquid assets to cover panic withdrawals and cushion against cases of severe financial stress within [...]KCB Group's 9-Month Profits Surge to KSh 45.8bn
KCB Group posted a KSh 45.8 billion net profit in the 9 months to September, a 49% uptick from KSh 30.7 billion recorded in the same period in 2023. “We [...]IM Bank Declares Dividends as Profit Jumps to KSh 9.9 Bn
IM Group posted KSh 9.95 billion in net profits in the 9 months to September, a 21.3% uptick from KSh 8.2 billion recorded in the same period in 2023. “The [...]Angola Maintains 19.5% Interest Rate as Inflation Pressures Persist
Angola's central bank maintained its benchmark interest rate at 19.5% for a third time on Tuesday, citing a potential slowdown in headline inflation. “However, its level remains high, requiring the [...]Celebrating Nuru Mugambi: A Champion for Women in Finance Across Africa
I first met Nuru Mugambi in 2017 when she headed the Public Policy and communications at the Kenya Bankers Association (KBA). From that initial encounter, we quickly established a professional [...]
Treasury Bill Rates Decline Further to 2023 Levels
Interest rates on Treasury bills have declined to levels last seen in August 2023, all below 14%, amid the Central Bank of Kenya’s resolve to begin the easing cycle in [...]Money Market Funds Soar as Unit Trusts Cross Record KSh 300bn
The value of combined assets of Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, has crossed the 300 billion mark for the first time in [...]Equity Group Q3 Profits Up 13% to KSh 40.9 bn
Equity Group's net profit for the 3rd quarter grew 13.1% to KSh 40.9 billion primarily driven by an increase in operating income boosted by growth in the Tanzania and Rwanda [...]
