Browsing: Central Bank of Kenya (CBK)

The cost of borrowing in Kenya has been going up since October last year, when it was at 10.50 per…

Kenya’s distressed debt levels are pushing the country in a tight spot following years of successive borrowing, the Institute of…

Kenyan Shilling, which has been on a free-fall against the Dollar since mid-last year, fell to a record-low of 162…

Kenyans in the diaspora sent home $4.19 billion in 2023 as remittance inflows to the East African country hit an…

The IMF loan to Kenya provides a much-needed shot in the arm as it navigates debt repayments, including the $2.0…

Business conditions in Kenya remained in a steep decline halfway through the final quarter of the year, according to the latest Purchasing Managers’ Index (PMI) by S&P Global.

This comes amid sizeable falls in output, new orders, and employment in November, as indicated by the PMI, which closely monitors market-moving economic indicators, covering more than 30 advanced and emerging economies worldwide.

The Central Bank of Kenya benchmark rate has gone up to 12.5 per cent from 10.5 per cent. Developing economies…

Nairobi will continue purchasing fuel on credit from three state-owned Gulf oil marketers until December 2024 in a plan the government is banking on to ease piling pressure on Kenya’s forex reserves.
The move comes in the wake of high expenditure on oil imports even as Kenya remains a net importer grappling with a widening trade deficit that hit $10.8 billion last year. Last year, Kenya’s expenditure on imports rose by 17.5 per cent to $16.9 billion (KSh2.5 trillion), despite growing export volumes.

The Kenyan shilling has fallen to a new low of 140.04 against the US dollar. Central Bank of Kenya data…

The government of Kenya is deploying measures to protect local industries from the onslaught of cheap imports. Kenya’s $26.4 billion…