According to Bloomberg, Kenya’s eurobonds experienced a sharp decline as Moody’s Investors Service raised alarms over the country’s planned buyback of some of its debt. The credit rating agency warned that redeeming the bonds at a price below par value could be seen as a default, causing yields on the notes to surge by 46 […]

Kenya’s inflation rate has hit a 14-month low as the cost of living eases due to moderating prices of basic food items. The Kenya National Bureau of Statistics (KNBS) reported that inflation rose at the slowest pace in nearly one and a half years in July, reaching 7.3 percent, down from 7.9 percent in June. […]

As fuel prices continue to reach new heights, Kenyan consumers are feeling the pinch and responding by cutting back on their usage of super petrol. According to a recently released report from the Petroleum Institute of East Africa (PIEA), the first quarter of this year saw a 1% decline in the consumption of super petrol […]

Kenya’s Court of Appeal has made a significant decision by overturning the suspension of the 2023 Finance Act. The suspension had been put in place following Treasury Cabinet Secretary (CS) Prof Njuguna Ndung’u’s assertion that the government was losing an estimated half a billion shillings per day due to the freeze. A panel of three […]

In the heart of Africa, Kenya has emerged as a trailblazer in the realm of digital innovation, and one sector, in particular, has been a driving force behind the nation’s economic growth and financial inclusivity: digital credit. Through harnessing the power of technology, digital credit has transformed access to finance, empowering individuals and businesses alike, […]