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External public debt up Sh450bn as shilling loses value against major currencies


The external debt stock stood at Sh5.89 trillion by the end of November, up from Sh5.4 trillion in June 2023.

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Kenya Surprises by Hiking Key Rate to Almost 12-Year High

The Central Bank of Kenya surprised financial markets by raising borrowing costs to their highest level since 2012 as risks to inflation remain elevated and to support the shilling. Bonds fell.

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How State courts financial mess with awkward loan schemes


From digital to group loans and now payment of health cover, the government is getting itself into a space it has struggled to leave a mark.

Kenya , Ministry-of-health , Health-insurance , National-treasury , Agricultural-finance-corporation , Kenya-airways , Health-authority , National-health-insurance-fund , Kenya-airports-authority , Development-bank , Hustler

Kenya Surprises by Hiking Key Rate to Almost 12-Year High

(Bloomberg) -- The Central Bank of Kenya surprised financial markets by raising borrowing costs to their highest level since 2012 as risks to inflation remain elevated and to support the shilling. Bonds fell. Most Read from BloombergXi to Discuss China Stocks With Regulators as Rescue Bets BuildTrump Denied Immunity in DC Election Case by Appeals CourtKing Charles Treated for Cancer in New Royal Health ScareWall Street Snubs China for India in a Historic Markets ShiftWhy NYC Apartment Buildings

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Inflation jitters ahead of CBK interest rate decision


The uptick in core inflation mirrors higher prices for general goods and services.

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