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A plan by the Central Bank of Kenya (CBK) to prioritise commercial banks in the trading of Treasury bonds has sent fears ...
Kenya’s external liquidity pressure has significantly eased following the early repayment of a KSh 258 billion ($2 billion) ...
The International Monetary Fund (IMF) has revised upwards its earlier global economic forecast by 20 basis points on easing cost of living and relative calmness in global trade after the US paused ...
The financing from the World Bank is critical at a time when the government has found itself under mounting fiscal pressures demonstrated by missed revenue targets and the lack of a ...
Moody’s suggests that Kenya’s fiscal sustainability is tied at the hip with the IMF and the World Bank with financing from ...
Kenya’s central bank is targeting leading local banks to provide liquidity in the government bonds market as part of a ...
The government will hold another round of talks with IMF officials in September in a bid to clinch the programme, the central bank chief Kamau Thugge said last month.
“What Kenya and other IMF patients should do is to first make sure poor people get enough support for subsistence. Don’t touch that. And then try to increase the size of your economy,” he said.
IMF last week approved a Sh78.7 billion loan in a boost to Kenya’s war on the Covid-19 but warned the country against forgetting its high debt levels. Stay informed. Subscribe to our newsletter ...