The macroeconomic stability is expected to continue with inflation expected to remain within the target range at around 5% in 2020 and 2021.

Kenya’s fiscal deficit will also narrow in 2020 and 2021 reflecting favourable weather, continuing foreign direct investment and the benefits of the African Continental Free Trade Agreement (AfCFTA).

However, challenges to Kenya’s economic transformation remain in manufacturing, agriculture, the labour market, and macroeconomic stability.

The Central Bank of Kenya (CBK) is finetuning plans to acquire USD400 million to boost its foreign currency reserves amid World Bank’s projection that the effects of the spread of the COVID-19 Virus are set to shave 5% off the world’s projected economic growth this year.

In a letter to all CEOs of banks in Kenya, the monetary policy regulating institution has asked interested lenders to submit their bids.

Under the plan, BK is set to acquire USD100 million (Ksh10.2 billion) once every month between March and June which will amount to the USD400 million (Ksh40.4 billion).

Speaking during a meeting with Governors on Wednesday, CS Kagwe revealed fruitful discussions with World Bank Vice President for the African Region Hafez Ghanem who relayed commitment from the Washingon headquartered organization that it will release the funds immediately to help Kenya deal with the threat posed by the dreaded disease.

Speaking during the event, Margaret Njue, Diageo Africa Technical Safety Manager, outlined in detail her journey from campus to the top of the Nairobi Securities Exchange listed manufacturing giant. She explained the ups and downs in her journey working for several companies before finally joining EABL. She encouraged students to take what comes their way and avoid choosing jobs. “In my first job, after my boss was promoted, I knew for sure that I would automatically fill his position. Shock on me, a gentleman was recruited and I was ignored.

The Central Bank of Kenya (CBK) has re-opened bids for 20 and 25-year fixed coupon Treasury Bonds, first floated two years ago.

 This is as the monetary authority seeks to borrow KSh 50 billion from the domestic bond market to finance the state’s monthly expenditure program. READ MORE..

Kenya Police Service Spokesman Charles Owino said that the Police are a very important unit of the society and that for it to function better, there was need for collaborations with all spheres of society.

“We want the best relationships possible with students so that we can effectively address safety and insecurity issues within the university.”  Owino said.

Kenya Revenue Authority(KRA) has embarked on a public sensitisation campaign to rope more small traders into the Turn over Tax (TOT) platform, as businesses come to term with the levy.  Read more

According to this year’s edition of the Kenya Bankers Association (KBA) Customer Service Satisfaction Survey, use of mobile banking rose to 57 per cent in 2019 from 49 per cent recorded in 2018. The spike saw the utilization of Internet banking channels, whose preference doubled from 16 per cent in 2018 to 34 per cent the following year. READ MORE..

The 29th Open day was a large agricultural show that brought together farmers from the entire Arava region to come and showcase their agricultural services and products. Over the years, this Agricultural Exhibition has reputed itself as an outstanding professional event that attracts big audiences and visitors from the entire Arava region and the rest of Israel. Visitors got the opportunity to interact with over 200 business companies displaying the latest innovations in the field of Agriculture and also selling their products.