Kenya’s economic journey over the past year has been a rollercoaster ride. In July 2023, upon Governor Kamau Thugge’s assumption of leadership at the Central Bank of Kenya (CBK), the nation faced a trio of challenges: soaring inflation, a weakening shilling, and diminishing foreign exchange reserves. Public anxieties were high, with the cost of basic…
Kenya is on the brink of a significant financial boost, with a $1 billion disbursement expected from the International Monetary Fund (IMF) in the coming month. This injection of funds comes as a beacon of hope for the nation’s economy, which has navigated through a debt crisis earlier this year and is now displaying signs…
Kenya is poised to receive a significant financial injection with a $1 billion disbursement expected from the International Monetary Fund (IMF) next month. This news comes as a welcome development for the nation’s economy, which has weathered a debt crisis earlier this year and is now showing signs of improvement. President William Ruto expressed confidence…
Kenyans living in Europe sent a record-breaking Sh11.1 billion home in January, highlighting the crucial role diaspora communities play in Kenya’s economic well-being. This surge continues a positive trend, with total remittances reaching Ksh671 billion ($4.19 billion) in 2023, the highest on record. Remittances are the lifeblood of many Kenyan households, providing essential funds for…
Kenya’s mobile money revolution has made accessing loans incredibly convenient, with a bunch of loan apps available at your fingertips. However, navigating this vast selection to find an option with competitive interest rates can be a daunting task. Whether you are a seasoned loan app user or a newcomer exploring this financial landscape, this guide…
