• The Central Bank of Kenya lowers its policy rate by 25 basis points to 9.25%
• Move aims to boost private sector lending and support economic activity
• This marks the eighth consecutive rate cut since August 2024
The Central Bank of Kenya (CBK) has reduced its policy rate by 25 basis points to 9.25% following the meeting of its Monetary Policy Committee (MPC) held on October 7.
The committee stated that the decision aims to reinforce previous measures intended to stimulate bank lending to the private sector and support economic activity, while ensuring that inflation expectations remain firmly anchored and the exchange rate stays stable.
This latest reduction marks the eighth consecutive policy rate cut since August 2024.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
EUR 106 million allocated for project- and program-based technical and financial cooperation. EUR 100 million in direct budget support aligned with...
Guinea launches €5 million agriculture project with Italy Programme targets vegetable farming, women and youth inclusion Initiative aligns with...
Guinea state takes full ownership of telecom operator Areeba Decrees grant public control after MTN share buyout Takeover raises questions over...
Nigeria launches TVET programme targeting 1.3 million youths nationwide Training spans 1,600 centres, offers stipends and start-up kits Scheme aims...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...