A current account deficit is occasioned by high spending on imports compared to export earnings.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Kenya raised the lending rate by 50 basis points to 7.5 percent at their last meeting in May, the first increase since July 2015.
The Fund qualifies under the 2X Challenge – an initiative by the DFIs of the G7 to mobilise capital to support increased economic empowerment for women in emerging economies
In 2021, the Supreme Court also rejected Karuturi’s further bid to pursue the matter.
FX Reserves have declined to 4.45 months of imports.
Centum proposes to pay out Ksh 0.587 in dividends, 78% up from the prior year’s Ksh 0.33 per share.