12/22/2023
The utility bills have similarly been escalating and food prices are on the upward trend, as well as rent charges that are taking up a chunk of our salaries.
12/21/2023
This comes after a report by The Fourth Estate and subsequently published by some media outlets, alleging a 10-year contract by Finance Minister to SML with an estimated over $100 million annually.
12/21/2023
More than 20 exporters received plaques and citations for higher level of performance, producing quality products and breaking new grounds in their operations.
12/20/2023
The CBK has split the sale into two tranches, comprising a new three-year bond and the third re-opening of a five-year bond first sold in July.
12/20/2023
The Bank will provide a guarantee to confirming banks for the non-payment risk arising from the confirmation of letters of credit and similar trade finance instruments issued by BOAT.
12/20/2023
An AfDB spokesman did not immediately respond to a request for comment on the staff pull-out.
12/19/2023
The data is compiled by the NBS from data provided by the Federal Inland Revenue Service
12/18/2023
The trade finance senior debt will provide UBA with much needed countercyclical dollar liquidity to support SMEs and local corporates involved in export-import related activities in the short to medium term.
12/18/2023
Looser monetary policy in advanced economies is expected to ease pressure on the domestic exchange rate by incentivising capital inflows to emerging and frontier economies like Kenya.
12/15/2023
Addressing barriers to green financing and promoting climate resilience in Kenya’s financial systems.
12/15/2023
Rules are not meant to return us to a pre-crypto world, nor to squash innovation.
12/14/2023
The IMF said Tanzania’s economic growth was expected to pick up this year, but faced challenges from an unfavourable global economic environment
12/14/2023
The Minister’s comments come following a comprehensive research initiative commissioned by the Ministry of Information, which focused on activities undertaken to test the flexibility of the law and its enforcement since its passage in 2019.
12/12/2023
The apex bank directed all financial institutions regulated by it to accept all cash deposits from the public without any charges going forward
12/12/2023
Kenya’s banking sector in 2018 channelled Sh27 billion in climate finance against the total loan book of Sh2.49 trillion, highlighting the sector’s risk averseness towards green projects.
12/11/2023
In South Africa, the latest consumer price inflation, as published by Statistics South Africa, was 5.9% in October 2023, up from 5.4% in September 2023.
12/11/2023
The National Treasury increased its borrowing to around R14 billion per week starting in August.
12/08/2023
This saw the rate hit the highest point in 11 years as Kamau Thugge, the governor, moved to curb inflation and stop the free fall of the shilling.
12/07/2023
African countries should be exempt from a plan by the European Union to impose a carbon tax on some imports, the head of the African
12/07/2023
Only MMOs can hold customer funds, according to the CBN.