LIVE | Monetary Policy Committee Meeting | October 9, 2024
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The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12%, as expected, to support economic activity.
The rate cut implies commercial banks will cut their prime lending rates going forward and this will stimulate demand for private sector credit, increase aggregate demand, and also boost economic growth.
The decision, delivered by the Monetary Policy Committee (MPC), was fueled by the easing inflation coupled with the slowdown in private sector growth in the Q2 2024.
9 Oct 2024
- Eyewitnesses reported that the police vehicle was cruising at a high speed before the accident occurred.
9 Oct 2024
- This is the second institution closed after Moi University was closed last week.
9 Oct 2024
- Atwoli was forced to comment on the matter after a section of Kenyans suggested him to take up the position if Gachagua is ousted.
9 Oct 2024
- In just five hours on Wednesday, five deathly hours, the beasts showed their fangs and flashed their claws... It was time to not just touch 'Murima' but also topple the King.
9 Oct 2024
- Njagi detailed how he was seized on August 19 while travelling in a matatu in Mlolongo. Four masked men approached him, accusing him of carrying a gun.
9 Oct 2024
- Lawyer Paul Muite, Deputy President Rigathi Gachagua's lead counsel wants the cases challenging the DP's impeachment to be referred to Chief Justice Martha Koome to constitute a three-judge bench to hear them.
9 Oct 2024
- Uganda has banned night-long parties held to raise money for funeral expenses, commonly known as ‘disco matanga’, over sexual abuse reports.
9 Oct 2024
- He said the male inmate could have contracted the disease before he was remanded in the prison in the town of Nakasongola in central Uganda.
9 Oct 2024
- The Senate will determine Deputy President Rigathi Gachagua's fate within ten days, Speaker Amason Kingi says.
9 Oct 2024
- This is after a motion to establish an 11-member special committee flopped on the floor of the house after Nairobi City Senator Edwin Sifuna declined to second it.
9 Oct 2024
- The Senate has turned down a proposal to reconstitute an 11-member special committee to prosecute the impeachment of Deputy President Rigathi Gachagua.
9 Oct 2024
- Eyewitnesses reported that the police vehicle was cruising at a high speed before the accident occurred.
9 Oct 2024
- In the case that reads like a script from a horror movie, the farmer and his daughter based in the US hired two hit-men and agreed on a Sh2m fee to eliminate the wife, three sons and a daughter.