Kenyan Shilling to Remain Stable on Steady Foreign Inflows- CBK Governor
The Kenyan shilling is expected to maintain stability in the near term boosted by adequate dollar inflows, with the Central Bank of Kenya (CBK) keen on maintaining strong external buffers. [...]
Uganda's Parliament Rejects Proposal to Merge Tax Appeals Tribunal with Other Tribunals
Uganda's legislature, which is currently considering bills that rationalise government operations, has rejected a proposal to merge all tribunals into a single entity. “The framers of the 1995 Constitution were [...]
Gov't Bans Macadamia Harvesting to Block Poor Exports
The Ministry of Agriculture will curb the harvesting of Macadamia starting next month, all the way to March next year to prevent the export of immature, poor quality nuts. A [...]Study Highlights Barriers and Progress in Women’s Leadership in Kenyan Economics
The global push for gender-inclusive leadership has gained momentum across various sectors. Economics, traditionally dominated by men, is no exception to this trend. In Kenya, the demand for more women [...]
Ethiopia to Access US$ 340mn After IMF Review
Ethiopia is set to draw about US$ 340mn from the International Monetary Fund (IMF) after the Bretton Woods institution's board completed its first review. “Implementation of the early stages of [...]Kenya’s President Nominates Kindiki as Next Deputy After Gachagua’s Impeachment
Kenya’s President William Ruto on Friday, October 18th, nominated Interior Cabinet Secretary Abraham Kithure Kindiki as the next Deputy President, following the Senate’s vote to impeach Rigathi Gachagua. Senate Speaker [...]Central Bank of Kenya Upgrades to Global Standard for Bulk Payments
The Central Bank of Kenya (CBK) has migrated the Kenya Electronic Payment and Settlement System (KEPSS) to the Global Messaging Standard (ISO20022 Standard). “The milestone of this migration is a [...]Kenya, IMF in Final Stages of Funding Agreement amid Graft Review
Kenya is in the final stages of unlocking more funding from the International Monetary Fund (IMF) by the end of 2024, the Central Bank of Kenya (CBK) Governor Dr. Kamau [...]Private Hospitals Fault SHIF Transition as System Challenges Persist
An association of rural and urban private hospitals has pointed out that the Social Health Authority (SHA) will need to improve to ensure that the new insurance model, SHIF, will [...]Kenya’s Forex Reserves Increase on Central Bank Intervention
The Central Bank of Kenya (CBK) is buying dollars to build up foreign exchange reserves and curb volatility, Governor Kamau Thugge disclosed during the post-MPC briefing on Wednesday. “We have [...]Central Bank Lowers Interest Rate to 12%
The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12.00%, as expected, to support economic activity. “The MPC also noted the sharp deceleration in [...]KRA Explores AI, New Technologies, to Net Tax Cheats
The Kenya Revenue Authority (KRA) is exploring technologies like Artificial Intelligence (AI) and Machine Learning to analyse vast data sets to identify tax evasion patterns. Humphrey Wattanga, KRA Commissioner General, [...]
