The projection is pegged on the move by the United States central banking system, the Federal Reserve, to enact the third consecutive interest rate cu...

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

Gachora acknowledged that many borrowers continue to face financial strain due to rising living costs.

The KBA noted that inflation has remained low, and the economy is stable, making it an opportune time for the CBK to cut its benchmark rate.

Experts argue that the venture is often appealing because it typically comes with lower or no interest rates compared to formal loans from banks.

Data from the National Treasury show this raised the total amount the government pays in interest to Sh622.5 billion, compared to Sh533.1 billion in t...

Apex banks globally use the interest rates as either a gas pedal or a brake on the economy when needed.

The week-long action launched by the Federation of Uganda Traders Association has spread from the capital, Kampala.