Kenya’s newly re-elected President Kenyatta faces problems with his discontented opponents in 2018, but prospects for the economy are looking up.
One year ago, Kenya’s central bank implemented an interest rate cap, but following unintended consequences and strong lobbying by the banks, it seems that the decision will be reversed in the near future.
Kenya’s growth under threat in 2017 but economy remains resilient, says CBK governor Patrick Njoroge
Kenya’s growth is under threat from internal and external forces, according to Patrick Njoroge, governor of the Central Bank of Kenya.
After a period in which some Kenyan banks seemed to be making abnormal profits, three were closed in a short space of time.