insert_link Africa Kenya’s Evolving Credit Landscape Highlights Drive for Financial Inclusion Kenya’s economic landscape showcased remarkable resilience in the latter part of 2023, with gross domestic product (GDP) growth coming in at 5.9% in the third quarter of 2023, compared to 4.3% in the corresponding quarter of 2022. Against this backdrop, TransUnion Kenya’s latest Q4 2023 Kenya Credit Industry Insights Report showed a state of flux in the credit market, shaped by macroeconomic shifts, consumer behaviour changes and technological advancements. […] todayMay 15, 2024 13
insert_link Africa Kenya’s shilling is gaining value, but don’t expect it to last – expert By Odongo Kodongo, University of the Witwatersrand Shortly after Kenya’s 2022 elections, the shilling depreciated rapidly against the US dollar – the country’s main currency for international transactions – fuelling a wave of political discontent. More than a year later, the Central Bank of Kenya, taking its cue from the International Monetary Fund, said that the run on the shilling was a market correction for a […] todayApril 17, 2024 7
insert_link Africa African countries start business classification to shore up green investment By Conrad Onyango, bird story agency Kenya has joined South Africa and Rwanda in offering a "green investment" handbook as African countries race to close a huge climate financing gap. The draft Kenya Green Finance Taxonomy (KGFT), published by the Central Bank of Kenya (CBK) in mid-April, is expected to help position the country for green funds and make the investment climate more attractive. Targeting banks, […] todayApril 17, 2024 17
insert_link Africa European Investment Bank partners with Central Bank of Kenya to unlock climate finance New partnership to enhance climate action by Kenyan financial institutions. Climate best practice scheme to enhance climate risk understanding and impact of climate finance across Kenya. The European Investment Bank and the Central Bank of Kenya today launched a new climate finance best practice initiative to strengthen engagement by Kenyan financial institutions to finance climate related […] todayDecember 12, 2023 3
