The Central Bank of Kenya (CBK) has said payments fintech Flutterwave and Chipper Cash are not licensed to operate in…
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A current account deficit is occasioned by high spending on imports compared to export earnings.
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.
FX Reserves have declined to 4.45 months of imports.
The bonds recorded an undersubscription of 26.4%.
Equity Group’s Africa Resilience Plan is envisaged to provide financing of up to 2% of the combined GDP of the six economies in Eastern and Central Africa.