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CBK snubs gold as central banks scramble for metal

Kenya shied away from gold purchases for the country’s reserves.

New yorkUnited statesMbui wagachaWahoro ndohoWorld gold councilInternational settlementInternational monetary fundCentral bankFederal reserve bankSpecial drawingEuclid capital

Sh51 billion SGR repayment compounds forex migraine

A debt repayment of Sh50.9 billion ($409.9 million) for the Standard Gauge Railway (SGR) in mid-January coincided with the beginning of a major drop in Kenya’s foreign exchange reserves.

Nairobi areaRift valleyWahoro ndohoChurchill ogutuExim bankStandard gauge railwayEnic groupWorld bankNational treasuryAfrican communityEuclid capitalEast african communityExim bank of china

Kenya set for IMF funds quota raise on reforms

The International Monetary Fund (IMF) is set to raise Kenya’s cash quota, giving it more headroom to access additional funding.

United statesWorld bankDistrict of columbiaMark bohlundWilliam rutoWahoro ndohoInternational monetary fundCentral bankBusiness dailyExecutive boardEuclid capitalPresident william ruto

World Bank clout rises as China cuts Kenya loans

The Covid-19 pandemic and uncertainties over the global economy have triggered a reshuffle in Kenya’s debt mix with China.

United statesRift valleyNairobi areaWorld bankDistrict of columbiaProvincia de bioko norteEquatorial guineaWahoro ndohoOscar oteleInternational monetary fundDevelopment centreDevelopment policy operationForum of chinaUniversity of nairobiChina exim bankChina exim

IMF projects Ethiopia, Angola economies to overtake Kenya

Kenya is set to be replaced as the third-largest economy in sub-Saharan Africa by Angola and Ethiopia.

South africaMark bohlundWahoro ndohoSchneider electricReckitt benckiserInternational monetary fundColgate palmoliveWorld bankSenior credit research analystAlphabet incSaharan africaEast africanKimberley processPublic debt managementChinese like statePrime minister abiy ahmed

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