The CBK estimates a wider current account deficit at the end of the 2022 calendar year at an equivalent 5.9 per cent of GDP on account of higher international oil prices.
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The deal will see Equity, which has a KSh1.3 trillion asset base, take over KSh945 million in loan assets from struggling Spire Bank and deposit liabilities of KSh1.3 billion.
The International Finance Corporation (IFC) plans to inject up to $ 160 million in equity into telecoms firm Safaricom Ethiopia.…
Private Company Services (PCS), a business unit under PricewaterhouseCoopers (PwC) has rebranded its Africa unit to PricewaterhouseCoopers Private (PwC Private).…
The loan to KCB is part of IFC’s growing work in Kenya to increase the amount of climate financing available.
The reading was the lowest seen since the lockdown-hit period in April 2021.