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 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.
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'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 ...
Wilson Center3h
Supporting Kenya’s Democracy: US–Kenya Relations in a Time of Domestic Volatility
US–Africa relations this year. President William Ruto’s May 2024 state visit marked the first time in 16 years that an ...
Xinhua7m
UN announces 15 innovation hubs to fuel digital transformation in Kenya
The 15 innovation hubs were shortlisted following a call for applications in December 2024, which attracted over 50 submissions. The evaluation was based on their potential to drive digital innovation ...
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 ...
COLlive News2h
Rosh Yeshiva Denied Boarding on Kenya Airways
A respected Chabad Rabbi and Rosh Yeshiva was denied boarding on a Kenya Airways flight from Johannesburg to Nairobi, ...
Flightglobal1h
AALTO ready to accelerate Zephyr testing after 13-day debut over Kenya
AALTO plans to launch several additional test flights of its ultra-long-endurance Zephyr from a new facility in Kenya this ...
Kenya shilling steady versus dollar, LSEG data shows
Kenya's shilling was unchanged against the dollar on Wednesday, data from the London Stock Exchange Group showed.
Digital Camera World on MSN2d
"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 ...
The Africa Report6h
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 ...
Tuko on MSN1h
Kenya Deploys Female Police Officers to Haiti as US Freezes Funding
Interior CS Kipchumba Murkomen saw off the contingent of 144 police officers, that included 24 female officers. Kenya has already sent 600 officers to Haiti.
Mongabay on MSN1h
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 ...
The Africa Report2d
Kenya: Renewed pressure on Ruto to probe abductions after two missing people found dead
The opposition has warned that unless the government investigates the surge in abductions and extrajudicial killings, it will ...