Value of Mobile Money Transactions Drops by KSh 154Bn KNBS
The value of mobile money transactions dropped by KSh 154 billion to KSh 636 billion in February from KSh 790 billion same period last year, according to data from the [...]
KCB to Auction Tycoon's Road Construction Firm as Pending Bills Bite
Kenya Commercial Bank (KCB) is set to auction the assets of road construction firm Nyoro Construction Company—owned by Kenyan tycoon Njoroge Njuguna—following a loan default triggered by pending bills with [...]Inflation Rises to 6-Month High in March
The inflation rate has risen for the fifth consecutive month from a low of 2.7% in October last year to 3.6% in March, according to figures from the Kenya National [...]CBK Likely to Lower Interest Rate to 9% by Year End Absa Research
The Central Bank of Kenya (CBK) is likely to continue cutting the benchmark rate to 9% by the end of 2025 and hold it there for the next two years, [...]Kenya’s Inflation Rises to 5-Month High in February
Kenya’s headline inflation rose to a 5-month high of 3.5% in February from 3.3% in January, driven primarily by an increase in food prices. Core inflation, which excludes highly volatile [...]Kenya Raises US$1.5 Bn in New Eurobond to Refinance Debt
Kenya raised US$1.5 billion from international investors through an 11-year Eurobond to refinance its external debt including the US$900 million Eurobond due in 2027, with an instalment due in May [...]Kenya Launches US$900 million Eurobond Buyback
Kenya has launched a buyback offer for its US$900 million Eurobond due in May 2027, as revealed in a regulatory filing on Monday. “The Republic is making the Offer, in [...]Kenya's Budget for Big 5 Sectors to Grow by KSh 405Bn in 2028
The budgets for the Health, Education, Security, Agriculture Rural and Urban Development, and the Energy Infrastructure and ICT sectors are to cumulatively increase by KSh 405 billion in the next [...]National Government Surpasses Recurrent Budget by KSh 193Bn
The National government exceeded its target for the recurrent budget of Ksh1.29 trillion in the financial year 2024/25 by Ksh193 billion after spending Ksh1.5 trillion by December last year. “The [...]Kenya Sources Bulk of New KSh 68.7bn Loans From China
Kenya obtained 15 loans from China Development Bank, making it the main source of the cumulative KSh 68.7 billion the government borrowed from external bilateral and commercial lenders, between September [...]Why Non-Oil Producing Countries Will Lead Sub-Saharan Africa's Growth in 2025
Non-resource-intensive economies such as Kenya, Ethiopia and Côte d'Ivoire are poised to outperform their peers especially oil producers in 2025 a recent report by BMI, a Fitch Solutions Company, [...]Weather to Dictate Food Prices as Transport Costs Stabilise CBK Survey
Weather will be a major factor in determining food prices in the coming months, according to the latest Market Perception Survey by the Central Bank of Kenya (CBK). The proportion [...]
