Despite Kenya’s steady remittance inflows and the recovery in tourism, the current account deficit increased as surging commodity prices pushed imports to an all-time high.
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The charges were waived on March 16, 2020, prompted by the COVID-19 pandemic and the expansion of the payments ecosystem.
M-PESA Go will enable young users between 10 to 17 years old to send or receive money, buy airtime and bundles, use Lipa na M-PESA services and access the M-PESA Go App, a customized version of the M-PESA Super App.
NCBA has not recommended the payment of an interim dividend for the period.
Switch auction involves a transaction that exchanges securities held by investors with selected bonds. The transaction is majorly used to increase liquidity in the debt securities market.
The Monetary Policy Committee decided to raise the Central Bank Rate (CBR) from 8.25 per cent to 8.75 per cent.