Mark Carney, the frontrunner to be the next Canadian prime minister, has said his country is "going to stand up to a bully" after US President Donald Trump announced tariffs of 25% on Canada. Speaking ...

DAR ES SALAAM: TANZANIA has secured third place in macroeconomic environment and transparency, according to the Absa Africa ...

Central Bank of Kenya (CBK) report indicated that the average lending rate for commercial banks dropped to 16.89% in December ...

Cutting the key central bank rate is expected to lower the cost of borrowing as commercial lenders use it as a base onto which they load their margins and risk profile of individuals when ...

Most commercial banks in the country reduced their lending rates in December 2024 in line with the Central Bank of Kenya’s benchmark rate cut, official data shows, passing benefits to borrowers. This ...

The cut in lending rates comes ahead of next week’s rate-setting meeting by the CBK’s Monetary Policy Committee—the first ...

Kenya’s economy grew by 4.0% in the third quarter of 2024, with slow credit growth and global uncertainties contributing to a ...

Former BOJ board member Sakurai has predicted interest rates could reach 1.5% within two years, driven by economic conditions ...

Kenya maintains adequate money market liquidity as Central Bank of Kenya reports foreign exchange reserves drop to 4.4 months ...