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 [...]Kenya’s Forex Reserves Increase on Higher Inflows, Stable Shilling
Kenya’s forex reserves increased to their highest in 2025 owing to high dollar inflows from exports as the shilling maintained stability. According to the CBK, the current usable reserves are [...]Central Bank Lowers Benchmark Interest Rate to 10.75%, Plans On-Site Inspections
The Central Bank of Kenya (CBK) has cut the benchmark interest rate from 11.25% to 10.75%, and said that it has embarked on on-site inspection of banks to ascertain that [...]
Fitch Ratings Affirms Kenya at B- with Stable Outlook
Global credit ratings agency Fitch Ratings has maintained Kenya’s sovereign rating at “B-” with a Stable Outlook, citing solid growth prospects and a stronger monetary policy. “The Stable Outlook reflects [...]Kenya’s Inflation Rises to 3.3% in January
Kenya’s headline inflation rose to 3.3% in January to a 4- month high from 3% in December 2024, still below the Central Bank of Kenya’s (CBK) midpoint target of 5% [...]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, [...]
