Kenya inflation stays high amid improved food production
The food production increase has been attributed to sufficient rains witnessed this year.
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The food production increase has been attributed to sufficient rains witnessed this year.
Horticulture is one of the leading export earners for Kenya and generated $1.03 billion in earnings in 2022.
A widening import-export gap piles some pressure on the shilling as the demand for dollars outstrips the supply.
Deposits (central government and other public sector) consisted of $2.22 billion and $776.55 million in demand deposits and time savings respectively.
Inquiries for borrowers’ profiles from CRBs hit a record 39.8 million last year as lenders intensified scrutiny to reduce the mounting loan defaults.