Economy
This was revealed by Datuk Seri Johari Abdul Ghani, Malaysia’s Minister of Plantation and Commodities, during his official visit to Nairobi.
1 day ago
Banks accuse CBK of attempting to cap crediting
According to the lenders, the CBK proposal — which has the Central Bank Rate as the base lending rate — also proposes to introduce a risk premium “K,” comprising the bank’s operating cost of lending, return to shareholders, and the borrower’s risk premium, which shall be reviewed by the CBK. An issu...
Finance Bill 2025: Gov't substitutes new taxes for reliefs which could increase cost of consumer goods
The government has for the last few days, been on a campaign that, for the first time, it is introducing a finance bill that introduces no new taxes and is instead keen on tightening tax compliance and sealing revenue leaks.As experts and Kenyans begin to analyse the...
IMF to audit Kenya’s governance system
The assessment program, requested by the Kenyan Government, is set to identify the weaknesses in the country's governance system and outline key recommendations for effective governance.
Kenya inflation rate rises to 4.1% in April
Kenya's inflation was at 0.3% in April.
Gov’t to fund 2025/2026 financial year budget without IMF support
Kenya’s move to abandon the 9th review of the IMF program saw the country miss out on a Ksh.109.4 billion disbursement.Out of this, Ksh.13.9 billion was set to go towards balance of payment stabilization, while the rest was expected to be channeled towards budget supp...
Banks and CBK differ on base lending rate
According to CBK Governor Kamau Thugge, the aim of the initiative is to reform the risk-based pricing model to address persistent challenges in the credit market, including high lending rates and opaque pricing mechanisms, by creating a market‐driven framework for pricing credit risk....
IMF warns Trump tariffs will hurt global economy
While the IMF does not predict a global recession, the distribution of the impact of the global trade tensions will be uneven based on country-specific vulnerabilities.
China, Kenya upgrade ties amid 'turbulent international situation'
Xi said they had agreed to "lead the development of China-Africa relations and unity and cooperation of the Global South," according to a media pool report.