January Inflation 2017

Inflation continues to bite hard as January, 2017 records an eleven month high

Each month the Kenya National Bureau of Statistics (KNBS) releases Consumer Price Indices (CPI) and rates of inflation for the month under review. The overall inflation rate for January, 2017 stood at 6.99 percent, compared to 6.35 percent in December 2016. The CPI increased by 1.00 percent from 175.18 in December 2016 to 176.93 in

KBRR framework

Central Bank of Kenya suspends the KBRR framework while it retains the current CBR

Yesterday on 30th January, 2017, the Monetary Policy Committee (MPC) met to review the outcome of its previous policy decisions and recent economic developments. The Monetary Policy Committee decided to retain the Central Bank Rate (CBR) at 10.0 percent in order to anchor inflation expectations. Inflation is expected to remain within the Government target range of

CBK is depleting foreign currency reserves to stabilize the shilling

Kenya’s foreign currency reserves has declined from shs 694 billion reported last week to shs 688 billion this week. The reserves depletes when CBK sells the foreign currency to the market to strengthen the Kenya shillings against the dollar or when foreign debts are being repaid. In the past weeks, the Kenya shillings has been stabilizing against

Soon peer to peer lending in Kenya will overtake mobile money loans

There is a word experts and laymen alike use whenever unemployment is discussed – entrepreneurship. Entrepreneurship has not only been seen as the savior of unemployed youth but also as an avenue for both personal and national growth, leading to mushrooming of several entrepreneurship forums including the Obama led Global Entrepreneurship Summit (GES) that saw