Central Bank of Kenya Retains Benchmark Rate at 7%
The Central Bank of Kenya (CBK) through its top policy-making organ-the Monetary Policy Committee (MPC) has retained the benchmark policy rate at 7% for the ninth consecutive time.
The Central Bank of Kenya (CBK) through its top policy-making organ-the Monetary Policy Committee (MPC) has retained the benchmark policy rate at 7% for the ninth consecutive time.
South African owners of Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two Rivers, are selling the three hotels to private equity fund Actis for Sh1 billion.
Kenya has kicked off its fourth Eurobond offer with a promise to review the size of the economy later in the year through a rebasing similar to the one conducted in 2014.
Kenya has appointed Citi and JP Morgan as joint book-runners for a dollar-denominated sovereign bond issue, and I&M Bank (NSE:IMH) and NCBA Group (NSE:NCBA) as co-managers.