African Union Faults Moody’s Kenya Credit Rating
The African Union has faulted Moody’s latest revision of Kenya’s outlook from negative to positive, arguing that the change is an admission that the July 2024 downgrade was premature and [...]
Kenya's Lost Decade' in Public Expenditure May Last Until 2028- IPF Analysis
Kenya is experiencing a “lost decade” in public expenditure that may last until 2028 due to large fiscal deficits, weak export performance, and sluggish investment growth, the Institute of Public Finance (IPF) [...]Trump Pushes for Lower Interest Rates Globally
US President Donald Trump has pushed the Federal Reserve to lower interest rates and urged global central banks to follow suit while speaking at the 2025 World Economic Forum on [...]Treasury Projects 5.3% Economic Growth in 2025
The National Treasury is projecting that Kenya’s economy will grow by 5.3% this year, slightly lower than Central Bank of Kenya’s December 2024 prediction of growth by 5.5%. “Economic growth [...]16 Counties Outpace National GDP Growth Rate
16 counties recorded a higher growth rate than the national average GDP growth (4.6%) between 2019 and 2023, new data from the Kenya National Bureau of Statistics (KNBS) indicates. Meru, [...]Cash in Circulation up 5.6% to KSh 333.8 Bn
The total monetary value of cash in circulation in the economy increased by KSh 17.8 billion to KSh 333.8 billion in the year to June 2024 as withdrawals surpassed deposits, [...]Kenya’s Economy Slows Down to 4% amid Construction Slump
Kenya’s economy expanded by 4% in the third quarter of 2024, a slowdown from 6% recorded in the same period in 2023 and the slowest in four years, dragged by [...]Kenya’s Private Sector Activity Slows in December Stanbic PMI
Kenya’s private sector expanded slower in December 2024 than in the month before, with the growth supported by improved sales amid slower employment, the latest Stanbic Purchasing Manager Index (PMI) [...]Concerns as Food, Beverage Prices Rise Days to Christmas
The Kenyan market is jittery about the increases in price of food and non-alcoholic beverages even as majority doubt impact of inflation which has been easing for the better part [...]Citi Sees Lending Rates Easing, Kenya Opting for Eurobond Alternatives
The Kenyan market will soon start feeling the impact of Central Bank’s Monetary Policy’s recent action to cut lending rates, Citi Bank says, predicting that most banks will soon start [...]World Bank Trims Kenya’s 2024 Economic Growth Outlook to 4.7%
The World Bank has downgraded Kenya’s economic growth forecast for the year to 4.7% from an initial 5% forecast in June 2024 all lower than the 5.6% recorded in [...]T-Bill Rates Fall Below 12% Amid CBK Jumbo Rate Cuts
Yields on treasury bills (T-Bills) have declined sharply, falling below 12% for the first time since July 2023 after aggressive interest rate cuts by the Central Bank of Kenya (CBK). [...]
