DRC joins Pan-African payment system as Central Bank governors elect Interim chair

The Democratic Republic of Congo (DRC) has officially joined the Pan-African Payment and Settlement System (PAPSS), a significant move to boost intra-African trade and financial integration.

IMF chief says world economy faces multiple risks despite resilience

International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated the global economy faces significant risks, including stubborn inflation and rising debt servicing costs, despite proving more resilient than anticipated.

Ruto Pushes Banks to Cut Loan Rates as Interest Hits 14%

President William Ruto has urged commercial banks to reduce their loan interest rates from the current average of 14.39 per cent, arguing that credit remains too expensive for Kenyans and businesses.

President Ruto says CBK will get priority in purchasing locally mined and processed gold

Michael Mutiga Appointed Stanbic Bank Kenya CEO

Stanbic Bank Kenya has officially appointed Michael Mutiga as its new Chief Executive, following approval from the Central Bank of Kenya. Mutiga takes over from Abraham Ongenge, who served as Acting CEO.