Gold Prices Surge Amid Looming CBK Plans to Add Reserves

Gold prices have surged to historic highs, with international prices crossing $5000 (Ksh638,000) per ounce, a trend influenced by a weakening U.S. dollar and increasing global demand. This global phenomenon is expected to impact Kenya's financial markets as the Central Bank of Kenya (CBK) actively expands its gold reserves.

Who are the frontrunners for the top Fed job?

The search for the next Federal Reserve chairman is nearing its end, with US President Donald Trump expected to announce his nominee in the coming weeks. The new leader will replace Jerome Powell, whose term concludes in May, stepping into a role amidst political pressure and internal disagreements on interest rate policies.

New CBK loan pricing model sparks lower lending costs

Borrowers are paying less for loans, new Central Bank of Kenya (CBK) data shows, as a new pricing system takes effect and passes on recent interest rate cuts.

Turkish central bank cuts its policy rate by 100 points to 37pc

The Turkish central bank has cut its benchmark interest rate by 100 basis points to 37 percent, marking the fifth reduction since last summer. This move signals a continued, albeit cautious, easing of monetary policy as inflation shows signs of cooling.

Forex reserves seen rising to 6.2 months of import cover after Safaricom sale

The Central Bank of Kenya (CBK) projects a significant increase in Kenya's foreign exchange reserves to KSh 1.84 trillion by 2026, driven by the proposed partial sale of the government's stake in Safaricom PLC to Vodacom. This transaction aims to boost import cover to 6.2 months, enhancing macroeconomic stability and reducing reliance on domestic borrowing.

CBK assures M-Pesa operations remain under strict oversight amid share sale