51 h. ago Govt Eyes Fresh IMF Financing to Stabilize Economy as Ksh465B Programme Nears Expiry

Kenya has formally approached the International Monetary Fund (IMF) to negotiate a new financing agreement as its current IMF-supported programmes approach their end. The government has relied heavily on the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), which have provided over Ksh388 billion in funding during a time of severe debt strain. The IMF acknowledged receiving Kenya’s request and announced plans to send a mission team to Nairobi in September 2025 to begin formal negotiations. Speaking at a press briefing on June 11, 2025, Central Bank of Kenya (CBK) Governor Kamau Thugge confirmed that the government had already The post Govt Eyes Fresh IMF Financing to Stabilize Economy as Ksh465B Programme Nears Expiry appeared first on Nairobi Wire.

Politics

51 h. ago CBK Cuts Lending Rate to 9.75%, First Time Below 10% in Two Years

The Central Bank of Kenya (CBK) has lowered its benchmark lending rate to 9.75 percent, stepping up efforts to make loans more affordable and energize the economy. This is the first time in two years that the rate has returned to single digits, signaling a turning point in the country’s monetary policy. Announced on June 10, 2025, the 25 basis point cut – down from 10 percent – comes as part of CBK’s broader strategy to support private sector lending and ease the cost of credit. It also marks the sixth consecutive reduction by the bank’s Monetary Policy Committee (MPC), The post CBK Cuts Lending Rate to 9.75%, First Time Below 10% in Two Years appeared first on Nairobi Wire.

Politics

3 d. ago How Higher Capitalisation Will Reshape Kenya’s Banks, Economy

How Higher Capitalisation Will Reshape Kenya’s Banks, Economy  The Kenyan Wall Street

Politics

3 d. ago Kenya central bank lowers 2026 growth forecast to 5.4% By Reuters

Kenya central bank lowers 2026 growth forecast to 5.4% By Reuters  Investing.com

Politics

4 d. ago Kenya central bank cuts key rate again but by smaller margin

Kenya central bank cuts key rate again but by smaller margin  marketscreener.com

Politics

8 d. ago REGULATION | The Central Bank of Kenya (CBK) Licenses 41 New Digital Lenders – Full List Inside

REGULATION | The Central Bank of Kenya (CBK) Licenses 41 New Digital Lenders – Full List Inside  BitKE

Politics

1 week ago BANKING | 31% of Kenyan Banks Signal Openness to Facilitate Virtual Assets Transactions, Central Bank of Kenya Survey Shows

BANKING | 31% of Kenyan Banks Signal Openness to Facilitate Virtual Assets Transactions, Central Bank of Kenya Survey Shows  BitKE

Politics

1 week ago From disruptors to dominators: Moniepoint moves to buy Kenyan bank

From disruptors to dominators: Moniepoint moves to buy Kenyan bank  Business Insider Africa

Economics

1 week ago FINTECH AFRICA | Nigerian Fintech, Moniepoint, Cleared to Acquire a Kenyan Microfinance Bank

FINTECH AFRICA | Nigerian Fintech, Moniepoint, Cleared to Acquire a Kenyan Microfinance Bank  BitKE

Economics

1 week ago Nigerian Fintech Moniepoint Gets Green Light to Acquire Kenyan Microfinance Bank

Nigerian Fintech Moniepoint Gets Green Light to Acquire Kenyan Microfinance Bank  The Kenyan Wall Street

Economics

2 w. ago Access Bank Completes Acquisition of National Bank of Kenya from KCB

Access Bank Completes Acquisition of National Bank of Kenya from KCB  The Kenyan Wall Street

Politics

2 w. ago Weak Governance to Blame for High Electricity Prices in Kenya, World Bank Says

Weak Governance to Blame for High Electricity Prices in Kenya, World Bank Says  The Kenyan Wall Street

Politics

2 w. ago World Bank faults Kenyan govt's allowances for workers for bloated wage bill

World Bank faults Kenyan govt's allowances for workers for bloated wage bill  MSN

Economics

2 w. ago List of Kenyan banks with business operations in Tanzania and profits earned

List of Kenyan banks with business operations in Tanzania and profits earned  MSN

Economics

2 w. ago World Bank Pushes Kenya to Freeze Hiring for Two Years to Cut Wage Bill

The World Bank has urged the Kenyan government to impose a two-year hiring freeze in the public sector to rein in the unsustainable wage bill that continues to strain national finances. In its Public Finance Review report released on Tuesday, May 27, the global lender warned that unchecked public payroll growth could derail key development goals. It emphasized that a temporary hiring suspension would provide room to audit current salary structures and optimize the allocation of existing personnel. “Adopting a temporary hiring freeze can make space for the government to review the compensation structures and assess the efficient allocation of existing civil servants,” the report stated. Education Sector Exempted Amid The post World Bank Pushes Kenya to Freeze Hiring for Two Years to Cut Wage Bill appeared first on Nairobi Wire.

Economics

2 w. ago Kenyan Growth to Slow on Debt, Fiscal Pressures, World Bank Says

Kenyan Growth to Slow on Debt, Fiscal Pressures, World Bank Says  Bloomberg.com

Economics