insert_link 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 2
insert_link 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 7
