The Central Bank of Kenya (CBK) will hold further discussions with the International Monetary Fund (IMF) in Washington DC next week regarding a new funding package. This follows a two-week visit by an IMF delegation to Nairobi.

• Governor Kamau Thugge confirmed the talks will aim to reach an agreement on a funded program as soon as possible.

• The IMF visit, led by Mission Chief for Kenya Haimanot Teffera, was in response to Kenya's request for a new Fund-supported arrangement.

• CBK is seeking new IMF backing after the collapse of the $3.6 billion Extended Fund Facility (EFF) and Extended Credit Facility (ECF) programs, valued at approximately $800 million, due to Kenya's failure to meet revenue collection and deficit reduction conditions.

The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9.25 percent from 9.5 percent, aiming to boost private sector lending and economic growth. This marks the eighth consecutive rate cut as inflation remains stable and the economy shows resilience.

• The new base lending rate is 9.25 percent.
• The decision was made by the Monetary Policy Committee (MPC), led by Governor Kamau Thugge.
• Kenya's overall inflation in September stood at 4.6 percent, remaining within the target range.
• Real GDP grew by 5 percent in the second quarter of 2025.

The Kenya Revenue Authority (KRA) collected a record Sh85.2 billion in customs revenue in September, driven by higher petroleum and trade taxes. This marks a significant achievement for the agency, surpassing previous records and exceeding its target for the month.

• The KRA’s collection of Sh85.2 billion surpassed the previous record of Sh82.6 billion and a target of Sh81.34 billion, achieving a 104.7 percent performance rate.
• The Kenya Revenue Authority (KRA) attributed this success to reforms, including the establishment of a central release operations office that minimizes human contact and improves cargo release times.
• For the 2025/26 fiscal year, the KRA aims to collect Sh2.754 trillion, leveraging technology to boost compliance and meet its ambitious revenue targets.