By Reuters | May 30, 2023, at 10:05 a.m. Save More World Bank Approves $1 Billion Loan to Kenya More Reuters A view shows the Nairobi Expressway undertaken by the China Road and Bridge Corporation (CRBC) on a public-private partnership (PPP) basis, in Nairobi, Kenya May 8, 2022....
Njoroge said that inflation has gone to a manageable level of 4.5 percent; ongoing rains are expected to lead to lower cost of food, the key driver of inflation in Kenya. He said Kenya reviewed its interest rates last month, when the Central Bank of Kenya lowered banks' lending rate to 9...
Central Bank key ratesare the currentinterest rates of central banks. Are the rate at banks can borrow money from the central bank. Central Bank key rates are used by central banks to shape monetary policy.The table provides the current interest rates of a large number of central banks. Clic...
The Central Bank of Kenya (CBK) kept its benchmark interest rate unchanged at 7% during the September Monetary Policy Meeting held on Tuesday. The bank has now kept rates on hold in its last nine meetings, and the decision was inline with marketexpectations. The MPC met at a time when th...
Sh70bn syndicated loan eases Kenya’s forex woes Established in 1960, the IDA aims to reduce poverty by providing highly concessional or interest-free loans and grants for programmes that boost economic growth, reduce inequalities and improve people’s living conditions. ...
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Equity becomes first bank to raise loan interest rates Stanbic Bank Kenya, for example, will start charging 18.57 percent on its mobile loans from August 21 having lifted its base lending rate to 13.15 percent from 12.58 percent. For its part, Equity Group lifted its base lendi...