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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

John Mbadi

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Africa

Kenya’s Finance Minister Advocates for Lower Lending Rates Amid Falling Inflation

Reuters says Kenya's Finance Minister, John Mbadi, stated on Wednesday that the central bank should begin lowering its lending rate in light of declining inflation. The government aims for an inflation target of 2.5% to 7.5% in the medium term. In September, inflation decreased to 3.6% year-on-year, down from 4.4% in August and 4.3% in July. "The inflation rate is firmly under control now," Mbadi remarked during a Senate appearance.

todayOctober 3, 2024 3

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Africa

Kenyan President Ruto Names Opposition Members to New Cabinet Amid Criticism

Kenyan President, William Ruto nominated four members of the main opposition party to his "broad-based" cabinet on Wednesday, aiming to address nationwide protests reports Reuters. However, the move has been criticized by activists as a corrupt bargain. Among the nominees is John Mbadi, proposed for the finance ministry, who is an ally of opposition leader Raila Odinga, Ruto's rival in the 2022 election.

todayJuly 25, 2024 10

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