Inflation rises to 27-month high as spending drops
Kenya’s inflation hit a 27-month high in May on the back of a jump in the price of essential items like cooking oil, food, fuel and soap.
Source: businessdailyafrica.com
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Dollar shortage sparks parallel exchange rates
The shortage of dollars is triggering the emergence of parallel exchange rate that has seen lenders buying and selling well above the printed official rate.
Source: businessdailyafrica.com
Revealed: Only 2.65pc of bank accounts hold more than Sh100,000
CBK data offers a sneak-peek into Kenyans' banking culture and income inequality.
Source: nation.africa
Banks fixed deposit rates rise to 6.6pc
Data from the Central Bank of Kenya (CBK) shows the deposit rate rose from 6.47 percent in February 2021.
Source: businessdailyafrica.com
16 accounts hit banks with Sh40bn defaults
Defaulted loans in the banking sector jumped Sh40 billion in the two months to February on the back of 16 accounts that masked the increased repayments.
Source: businessdailyafrica.com