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.
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,
USAID Cuts in Kenya Reveal Risks to Lives and American Influence Worldwide
Freezing aid funds jeopardizes critical healthcare programs and security cooperation with important US allies around the ...
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Kenya: Eat 'N' Go to Send Home 55 Workers Amid Economic Challenges
Eat 'N' Go Limited joins a list of local firms such as Mobius Motors and Tile and Carpet, among others, who have been forced to close local businesses as well as reduce their workforce amid tough ...
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 ...
The Star1h
Kenya eye international events to boost tourism and youth empowerment
This year, Kenya will have a packed international events lineup including the Magical Kenya Open (Feb 20-23), WRC Safari ...
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Kenya: Fourth Contingent of 144 Kenyan Officers Arrives in Haiti to Battle Gangs
The fourth contingent of the Kenyan police unit on Thursday left the country for Haiti's Capital Port Au Prince to join their counterparts who are part of the multinational security support mission in ...
Mongabay on MSN18h
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 ...
U of Manitoba-led program tackling HIV in Kenya in jeopardy after Trump's cuts to USAID
The Trump administration's freeze on American foreign aid is sending a chill into the Manitoba non-profit space, with some ...
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Madison partners with Kenya Prison Service to equip warders with mental wellness skills
Madison Insurance will partner with the Kenya Prison Service in equipping prison warders and other KPS staff with essential ...
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 ...
Guitars, masks and defiance: Kenya’s rock and metal scene catches fire
After years in the wilderness, Kenyan bands like Irony Destroyed, Last Year’s Tragedy and Rash are clawing their way up the ...
Tuko on MSN4h
Emotional Moment as Wife of Man Who’s Body Was Sneaked Into Kenya from US Views His Body
It was an emtional moment as the wife of Boaz Ogeto got to view her partner's lifeless body. According to reports, the family ...