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HomeDaily NewsThursday, August 13, 2026CBK Sees Inflation at 8pc if Average Oil Prices Stay at $110 - August 2026
Business & Economy3 stories from 1 sources

CBK Sees Inflation at 8pc if Average Oil Prices Stay at $110 - August 2026

The Central Bank of Kenya predicts that inflation could reach 8 percent if average global oil prices remain at $110 per barrel, potentially exceeding the government's target range. This forecast comes as Kenya has achieved the first rank globally for adoption of artificial intelligence among internet users, showcasing the country's growing technological integration. Separately, Kenyan shippers will no longer be required to pay refundable cash deposits for shipping containers when using A.P. Moller-Maersk, thanks to a new digital trade financing partnership with Viaservice-Ke.

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Thursday 9:56 AMCapital Business

CBK sees inflation at 8pc if average oil prices stay at $110 per barrel

CBK sees inflation at 8pc if average oil prices stay at $110 per barrel

The Central Bank of Kenya (CBK) predicts that inflation could reach 8 percent if average global oil prices remain at $110 per barrel, potentially exceeding the government's target range.

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Key Highlights

The Central Bank of Kenya (CBK) predicts that inflation could reach 8 percent if average global oil prices remain at $110 per barrel, potentially exceeding the government's target range.

  • Inflation could rise to 8 percent if oil prices average $110 per barrel due to a prolonged Middle East conflict.
  • The Central Bank of Kenya (CBK), led by Governor Kamau Thugge, made this projection.
  • Kenya's current inflation rate was 6.5 percent in July, driven by increased food and electricity costs.
Thursday 8:50 AMCapital BusinessFirst

Kenyan shippers to skip cash deposits for shipping containers under new deal

Kenyan shippers to skip cash deposits for shipping containers under new deal

Shippers in Kenya will no longer be required to pay refundable cash deposits for shipping containers when using A.P. Moller–Maersk (Maersk), thanks to a new digital trade financing partnership with Viaservice-Ke.

Read Story
Thursday 9:19 AMCapital Business

Kenya ranks first globally on AI usage

Kenya ranks first globally on AI usage

Kenya has achieved the first rank globally for its adoption of artificial intelligence (AI) usage among internet users.

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Key Highlights

Kenya has achieved the first rank globally for its adoption of artificial intelligence (AI) usage among internet users.

  • 97.5 percent of Kenyan internet users aged 16 and above are utilizing AI.
  • This widespread adoption is driven by learners, individuals, companies, and employees seeking to boost productivity and improve business processes.
  • Safaricom is a notable example of a company integrating AI across its services, including customer care and fraud detection.
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Key Highlights

Shippers in Kenya will no longer be required to pay refundable cash deposits for shipping containers when using A.P. Moller–Maersk (Maersk), thanks to a new digital trade financing partnership with Viaservice-Ke.

  • This new arrangement allows Maersk customers to release containers without upfront deposits, freeing up working capital.
  • Key organizations involved are Maersk, represented by Eastern Africa Area Managing Director Tito Okuku, and Viaservice-Ke, represented by Managing Director John Mathenge.
  • The partnership aims to address operational and financial challenges faced by shippers, building on a similar successful rollout in Tanzania.