Britannia Industries has acquired a 51% stake in Kenya’s Kenafric Biscuits (KBL) while fully taking over Catalyst Britania Brands.
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The Treasury now controls Telkom Kenya after acquiring a 60 per cent stake in Telkom Kenya from British investment firm…
The Kenyan shilling depreciated against the US Dollar by 2.5% in Q3’2022 to close at Kshs 120.7. This is in…
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.
Since June 2022, Kenya’s headline inflation has trended above the 7.50% upper band statutory target owing to
elevated food and fuel costs. The inflation hit 8.5% in August from 8.3% in July.
The new rates, effective October 1, will see customers borrowing KES500-1000 pay a daily interest charge of KES6 down from KES10.