The last time Kenya witnessed this kind of inflation was in June 2017, when it hit 9.21 per cent.
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This is the first IFB issue in the 2022–23 fiscal year and the third issue in 2022, with the first and second issue in February and June 2022, respectively.
Investors are likely to shun auctions, with demand primarily remaining volatile for the remainder of 2022. According to Analysts from…
A prolonged drought has left almost 5.5 million people facing hunger, according to the United Nations, as agricultural output declines.
Expectations at Kenyan firms for the next 12 months remained one of the worst on record, with just 12% of panellists predicting output to expand.
The rate was 8.5 per cent in August, above the central bank’s target range of 2.5 per cent-7.5 per cent.