Kenyan economy’s Q3 performance one of the worst since 2015
At 5.1 per cent, the 2019 rate is one of the worst third-quarter performances since 2015, only better than 4.5 per cent in 2017.
Banks exploit policy gap to inflate short-term loan rates
Peter Okong’o Higher rates of default by borrowers are pushing up the cost of short-term debts that include credit cards and mobile loans. A top tier bank has already written to its customers alerting them of an increase in the interest it charges on credit cards. “Due to the increase in cost of credit, we […]
Shilling weaker as Monetary Policy Committee team meets
![Digital lending apps are leaving millions of Kenyans trapped in indebtedness, an expert has told the BBC. [PHOTO | COURTESY]](https://k24.digital/wp-content/uploads/2019/05/money.jpg)
ZACHARY OCHUODHO The shilling yesterday dipped for the third consecutive day to hit 103.65 against the US dollar even as Monetary Policy Committee (MPC) meets today to review the prevailing macro-economic conditions and set the benchmark lending rate for the next two months. Experts attributed the drop of the shilling against the US dollar partly to […]
Global competitive market: Economic diplomacy key to foreign trade
Richard Ngatia In a competitive global market and at a time of dwindling trade barriers and border restrictions, economic diplomacy has become an all-important tool to secure investment opportunities through bilateral and multilateral trade cooperation. Economic diplomacy deals with the nexus between power and wealth in international affairs. It not only promotes the state’s prosperity […]