14 h. ago Grim Outlook for Kenyan Job Market as CEOs Plan Job Cuts From July

Kenya’s job market is bracing for more turbulence as a new survey by the Central Bank of Kenya (CBK) reveals that 127 CEOs are preparing to cut jobs between July and September this year. The findings paint a bleak outlook for employment, with executives blaming the rising cost of doing business and declining sales for their decision. Released on Tuesday, June 17, the report highlights growing pressure on companies to scale down operations. Many CEOs said that a surge in operational costs coupled with reduced revenue has made it difficult to maintain current staffing levels. For job seekers, the situation The post Grim Outlook for Kenyan Job Market as CEOs Plan Job Cuts From July appeared first on Nairobi Wire.

Society

31 h. ago Central Bank of Kenya extends operational hours for national payment system

Central Bank of Kenya extends operational hours for national payment system  MSN

Economics

6 d. 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

6 d. 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

8 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

9 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

1 week 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

2 w. 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