Kenya’s Central Bank Slashes Key Interest Rate to 11.25%
The Central Bank of Kenya (CBK) has lowered the benchmark interest rate by 75 basis points to 11.25% at its final Monetary Policy Meeting (MPC) of 2024, marking the third [...]
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) [...]Nigeria Raises US$2.2 Bn as Eurobond Oversubscribed by 300%
Nigeria has raised US$2.2 billion in its latest Eurobond auction, attracting over 300% in demand to finance its growing fiscal deficit, amid renewed investor confidence. “The transaction attracted a peak [...]CS Mbadi Turns the Heat on Banks on Borrowing Costs
The government is worried about deteriorating financial health of many Kenyans despite positive economic fundamentals, Treasury and Economic Planning Cabinet Secretary (CS) John Mbadi has said. “We are no longer [...]Oikocredit Capital Hits Ksh30Bn, Marks 30 Years
Social impact investor Oikocredit’s outstanding capital in Africa reached Ksh30 billion in 2023 with the investment targeting projects that address critical challenges like access to clean energy, financial inclusion, and [...]Zimbabwe’s Inflation Slows amid Interest Rate Hike, Currency Devaluation
Zimbabwe’s monthly consumer inflation eased significantly to 11.7% in November, from 37.2% in October the first decrease in 4 months. In September the month on month consumer inflation stood [...]Every Kenyan ‘Owes’ KSh 201,439.71
Kenyans are persistently enraged over recent taxation policies and rightly so no human being enjoys paying taxes. The country is currently in debt KSh 10.5 trillion, meaning that every [...]
