Kenya’s Current Account Deficit Narrows to 5.1% of GDP in July
The CBK estimates a wider current account deficit at the end of the 2022 calendar year at an equivalent 5.9…
Kenya, East Africa and Africa economy news, including budget, the stock market and analysis.
Equity Bank Inks Asset and Liabilities Purchase Agreement With Spire Bank
The deal will see Equity, which has a KSh1.3 trillion asset base, take over KSh945 million in loan assets from…
IFC to Invest $160M in Safaricom Ethiopia Project
The International Finance Corporation (IFC) plans to inject up to $ 160 million in equity into telecoms firm Safaricom Ethiopia.…
Private Company Services Rebrands to PwC Private
Private Company Services (PCS), a business unit under PricewaterhouseCoopers (PwC) has rebranded its Africa unit to PricewaterhouseCoopers Private (PwC Private).…
Climate Finance : IFC Extends $150 Million Loan to KCB Bank
The loan to KCB is part of IFC’s growing work in Kenya to increase the amount of climate financing available.
Kenya’s PMI Contracts for Fifth Straight Month in August
The reading was the lowest seen since the lockdown-hit period in April 2021.
