Kenya's central bank left its policy rate steady for the 7th time, confirming it still expects the economy to rebound strongly this year while inflation remains well anchored and is forecast to remain within the bank's target range in the near term.

Kenya’s credit rating has been downgraded to ‘B’ by Standard & Poor (S&P), due to rising fiscal and external pressures.

French energy giant EDF has struck deals to buy stakes in off-grid focused energy firms Econet Energy Kenya and Bboxx Kenya, becoming the latest global firm to target local fast-growing off-grid energy market.

Interest on fixed deposits dropped to an eight-year low on bankers’ reduced appetite for savings following a slowdown in demand for loans.