CBK governor Kamau Thugge noted that the IMF is willing to offer new access to loans after Kenya meets set conditions for the ...

The IMF estimates Kenya’s gross domestic product (GDP) will rise to $132 billion in 2024, overtaking Ethiopia’s expected $117 ...

Kenya plans austerity measures to significantly narrow its fiscal deficit in the year through June 2026, as it eyes a new International Monetary Fund program. The East African nation is seeking to ...

The conditions set by the IMF come after the government faced protests last year when it tried to expand taxes aggressively.

Kenyans file constitutional petition challenging the executive's borrowing practices, alleging unconstitutional debt ...

Kenya plans to limit its fiscal deficit to 4.5% of GDP in 2025/26, revising the budget to address economic challenges.

Kenya is set to receive the first instalment of the KSh 194 billion loan from the United Arab Emirates (UAE). Nairobi turned ...

Following the devaluation of Ethiopia's currency, Kenya is on course to surpass Ethiopia as the region's largest economy by ...

Kenya is negotiating an increase in electricity imports from Ethiopia by 50 to 100 megawatts (MW) to address rising domestic demand and avoid potential power ...

UAE loan was negotiated last year at a rate of 8.25 percent, as the government sought to widen its external financing options ...

The Central Bank of Kenya (CBK) is considering adding gold to its reserves to “diversify away from other currencies.” In ...

Despite the new development, concern is still rife as global factors threaten to stifle projected development.