Business & Economy3 stories from 1 sources
Kenya Economic Developments and Banking Expansion
Family Bank opens 96th branch in Coast. CBK reduces lending rates to 9.75pc. World Bank revises Kenya's economic growth to 4.5pc.
Family Bank opens 96th branch in Coast. CBK reduces lending rates to 9.75pc. World Bank revises Kenya's economic growth to 4.5pc.
The World Bank has revised Kenya’s economic growth forecast for 2025 downward from 5 percent to 4.5 percent, citing global financial challenges and weak private sector performance.
Summary & Analysis
The Central Bank of Kenya (CBK) has cut the Central Bank Rate (CBR) by 25 basis points, from 10 percent to 9.75 percent, urging commercial banks to lower their lending rates to stimulate economic growth.
Summary & Analysis
