The International Monetary Fund’s Executive Board has approved approximately Sh.79 billion (US$739 million) disbursement to Kenya to address the impact of the Covid-19 pandemic. In a statement released in Washington DC on Wednesday, the Board noted that while the government has taken decisive action to respond to the pandemic’s health and economic impacts, the sudden […]
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The Governor Central Bank of Kenya (CBK), Dr. Patrick Njoroge has said CBK has been working closely with all banks in the country to raise the nation’s economic development. Governor Njoroge said 92 percent of the banks are optimistic that the economy will improve this year, noting that last year’s inflation was within the target […]
Continue ReadingThe 5th East Africa Investor Conference focusing on re-evaluating traditional investment approaches has identified some of the challenges causing low investment rates in the continent. Some of the challenges identified include high fertility rate, corruption, lack of enough electricity and small banking systems resulting to high interest rates. The Renaissance Capital Kenya CEO, Stanley Kariuki […]
Continue ReadingAn Eldoret based advocate has threatened to move to court to institute private criminal proceedings against Agriculture Cabinet Secretary (CS), Mwangi Kiunjuri and other government officials involved in the illegal withdrawal of Sh.1.8billion from the Strategic Food Reserve (SFR) fund. The advocate, Simon Lilan issued a seven day notice to the Director of Public Prosecution, […]
Continue ReadingResidents of Kiambu County say they are not in a hurry to exchange the old one thousand currency notes, citing that as long as it is in circulation, they will still come into contact with it before the phase out. Susan Njeri, a shopkeeper in Kirigiti told KNA that she was under no pressure to […]
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