Despite a projected surge in demand for short-term loans, high lending rates are poised to put a brake on credit growth within the private sector, according to a recent survey conducted by the Central Bank of Kenya (CBK). In a nutshell, the growth rate of commercial bank lending to the private sector eased to 10.3%…
Many nations are preparing for Africa Tech Summit (ATS) eighth edition that will be held in London on June 7th, 2024, at the London Stock Exchange. This event brings together over 300 tech leaders, investors, entrepreneurs, and policymakers from Africa and around the world to talk about the future of tech and innovation on the…
Its hard to believe there was a time before everyone had smartphones in Africa? Back then, if you weren’t using cash or trading goods, you were probably relying on postal services for transactions. But now, with the rise of mobile technology, things have changed dramatically, especially in finance. Artificial Intelligence (AI) is the new player…
2024 has been a year with big stock market movements for assets like Gold (XAUUSD), Nasdaq100, Bitcoin, and other cryptocurrencies. These assets have had ups and downs, with a notable low point from November 2021 to December 2022. For instance, Bitcoin dropped to around US$15,480 during this time. One major factor behind this drop was…
At the latest Government Securities Auction, Treasury Bills saw a tiny drop in the interest rates offered by the Central Bank of Kenya (CBK). This is the first time we’ve seen this happen in 24 months! CBK got bids totaling KSh 28.5 billion at the Weekly T-Bills auction. That’s against KSh 24 billion offered at…
