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). [...]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 [...]
