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World Bank pledges Ksh 1.8T support for Kenya over three years

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Kenya has called on the International Monetary Fund (IMF) to increase its quotas to all members as a means of strengthening the institution in...

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