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.
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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.
The move seeks to test the environmental, legal and trade policy basis for intra-African trade.
The global economic outlook ‘gloomy and more uncertain.’