Economy

BusinessEconomy

US Fed hikes rates for first time since 2023

The US Federal Reserve on Wednesday raised its interest rate by 25 basis points to 3.75-4%, its first hike since July 2023, to combat persistent inflation.  The Federal Open Market…

Business activity weakens in August as price of raw materials soar

US vows ‘toughest sanctions in history’ against Iran, oil prices surge

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Treasury lines up Ksh 4.8T budget for FY2026/27

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Somalia’s economy to slow to 2.8pc as costly fuel dents growth

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IMF cuts Kenya’s growth to 4.5pc on higher fuel cost

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China’s Q1 GDP grows 5%, signaling a strong start to the year

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Security, demonstration victims win as MPs raise budget by Ksh 393B

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Kenya secures investment deals worth Ksh 374B in key sectors

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IMF wants Kenya to cut spending following Mideast conflict

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Kenya secures Ksh 65.7B from AfDB

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