Kenya, Uganda, and Tanzania revenues grew 30%, 24%, and 21%, respectively, compared to last year’s period, on easing of COVID-19 restrictions.
Browsing: ECONOMY
Navigate the complex tapestry of the East African economy with Khusoko.com. Dig deep into economic news, analysis, and insights from East Africa. Uncover market trends, policy impacts, and development updates shaping the region’s financial landscape.
Mobile Money revenue grew by 26.5%, driven by a growth of 26.9% in East Africa and 25.4% in francophone Africa.
Kenya raised the lending rate by 50 basis points to 7.5 percent at their last meeting in May, the first increase since July 2015.
The Fund qualifies under the 2X Challenge – an initiative by the DFIs of the G7 to mobilise capital to support increased economic empowerment for women in emerging economies
In 2021, the Supreme Court also rejected Karuturi’s further bid to pursue the matter.
FX Reserves have declined to 4.45 months of imports.