Kenya central bank sees minimal effect on shilling from Trump aid freeze
Kenya's central bank governor said on Thursday that bank officials did not see much effect on the exchange rate from U.S. President Donald Trump's foreign aid freeze. In late January, Trump placed a pause on most foreign development assistance pending assessments of efficiencies and consistency with his foreign policy.
Kenya Inflation at 3.3% Enhances Case for Another Rate Cut
Kenya’s inflation rate remained below the 5% midpoint of the central bank’s target range for an eighth straight month in January, providing scope for the central bank to cut interest rates next week.
CBK puts banks on notice, lowers lending rate to 10.75%
The Central Bank of Kenya has lowered its base lending rate by 50 basis points to 10.75 per cent down from 11.25 per cent, effectively cheapening interest charged on loans. The Monetary Policy Committee (MPC) chaired by CBK Governor Kamau Thugge,
Kenya central bank cuts key rate again to support lending
Kenya's central bank cut its main interest rate for the fourth meeting in a row on Wednesday, saying it wanted to do more to support lending and boost economic growth. The Central Bank Rate was lowered by 50 basis points to 10.
Kenya Central Bank Yields Big Stick in Push for Lower Loan Rates
Kenyan central bank officials are moving from bank door to bank door inspecting why commercial interest rates have failed to fall in tandem with the benchmark rate.
Kenya's MPC cuts key rate to 10.75% to spur growth
On Sunday, the Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) decided to lower the Central Bank Rate (CBR) by 50 basis points to 10.75 percent from the previous 11.25 percent. This move is aimed at supporting economic activity and maintaining exchange rate stability.
Cheaper Loans as Central Bank Rate Reduced Again
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR) from 12.00 percent to 11.25 percent to stimulate economic growth. This means that Kenyans will be able to enjoy cheaper loans for various items including businesses,
Kenya Electricity posts jump in first-half pretax profit
Kenya Electricity Generating Company posted on Thursday a jump in pretax profit for its half year to end December to 7.95 ...
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Kenya revives poisoning campaign to curb invasive Indian house crows
NAIROBI ― Introduced to East Africa in 1891, in Zanzibar, to deal with domestic food waste, Indian house crows are now ...
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NCAA sanctions Kenya Airways over consumer protection infractions
The Nigeria Civil Aviation Authority (NCAA)  has said it is initiating maximum enforcement action against kenya Airways for a large ...
Kenya has begun talks with IMF for new lending program, finance minister says
Kenya has already started talks with International Monetary Fund officials to secure a new lending program when the current ...
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Kenya wildfire threatens region of rare wildlife, plant species
NAIROBI ― An environmental disaster is unfolding in Isiolo county, in northeastern Kenya, following a recent wildfire ...
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NCAA to penalise Kenya Airways for ‘violating’ consumer protection laws
The Nigeria Civil Aviation Authority (NCAA) says it will enforce strict measures against Kenya Airways for multiple consumer protection violations ...
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Kenya: Ruto renovates State House despite public outrage
Kenyan President William Ruto is facing public outrage over what is described as skewed priorities after he ordered the renovation of State House and state lodges across the country, while public ...
U.S. supports the Kenya-led mission in Haiti, Rubio says as more troops arrive
The United States is committed to working with the Kenya-led multinational security support mission in Haiti, but its numbers ...
Kenya Has Started Talks With the IMF for a New Program, Finance Minister Says
NAIROBI (Reuters) - Kenya has already started talks with International Monetary Fund officials to secure a new lending ...
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"I traveled to Kenya and captured this powerful image to convey the plight of the southern white rhino"
Rahul Sachdev’s golden silhouette of a southern white rhino earned him gold in the prestigious HIPA photography competition's ...