Tag: Economy
World Bank pledges Ksh 1.8T support for Kenya over three years
The World Bank will consider extending additional Ksh 912 billion ($6b) in support to Kenya over the next three years pushing its total commitment...
Kenya’s tax revenues hammered in first quarter
Kenya Revenue Authority (KRA) missed collection target in the first three months of 2023/24 fiscal year to September by more than Ksh 31 billion....
Ghana targets 2.8pc for economic growth in 2024
The Ghanaian government has set a target of 2.8 percent in gross domestic product (GDP) growth in 2024.
Ghanaian Finance Minister Ken Ofori-Atta made this...
Kenya to settle $300M of Eurobond payment by December
Kenya will to settle the first installment of the $2 billion Eurobond which matures in June 2024 by December this year, President William Ruto...
CBK upbeat the economy will grow 5.5pc this year
Kenya's economy is projected to expand 5.5pc this year and a further 6pc next year supported by a rebound in agriculture sector and resilience...
HOPE Advancement acquires 51pc stake in SMEP Microfinance
American charity organization, HOPE Advancement Inc has completed the acquisition of a majority stake in SMEP Microfinance Bank for undisclosed amount, the central bank...
US Federal Reserve holds interest rates at 22-year high
The US central bank has held its key interest rate at its current 22-year high as it seeks to stabilise price rises, which had...
KRA collects Ksh 3.4B from tax amnesty programme
The Kenya Revenue Authority (KRA) has so far netted Ksh 3.4 billion from the ten month-long tax amnesty programme which commenced on September 1,...
Kenya seeks $1B budgetary support from multilateral lenders
Kenya plans to borrow up to Ksh 148.5 billion ($1B) from international lenders before the end of this year to finance FY2023/24 budget.
Central Bank...
Kenya backs increased IMF quotas to support developing countries
Kenya has called on the International Monetary Fund (IMF) to increase its quotas to all members as a means of strengthening the institution in...