IMF revises up 2024 global growth forecast to 3.2%
Africa-Press - Kenya. The International Monetary Fund on Tuesday revised its global economic growth forecast for 2024 upwards to 3.2%, 0.1 percentage point higher...
Half of world’s most vulnerable face widening gap with wealthiest economies: World Bank
Africa-Press - Kenya. Half of the world’s 75 most vulnerable countries are facing a widening income gap with the wealthiest economies for the first...
Oil prices up over escalating Middle East tensions, strong demand indicators in China
Africa-Press - Kenya. Oil prices rose on Tuesday amid unresolved tensions in the Middle East and better-than-expected economic data from China, the world’s largest...
World Bank, IMF interventions shape Kenya’s economic landscape
Africa-Press - Kenya. Kenya’s economic prospects looks brighter, thanks to interventions by World Bank and International Monetary Fund that have played a huge role...
Consumers’ relief as shilling strengthens by 20% in two months
Africa-Press - Kenya. Consumers in the country have been grappling with a rising cost of living in the past three years, occasioned by high...
Security, health to get largest budget increase
Africa-Press - Kenya. National security, public administration and international relations, and health sectors will receive the largest budget increases in the coming Financial Year...
State banking on local engineers to drive key projects
Africa-Press - Kenya. Kenya is keen to increase the use of local engineers for key development projects, Roads and Transport CS Kipchumba Murkomen has...
Food prices fell more in March than February – CBK survey
Africa-Press - Kenya. The cost of key food items fell in March compared to February, a survey by the Central Bank of Kenya reveals.The...
IMF-World Bank spring meetings kick off in US capital
Africa-Press - Kenya. The Spring Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) kicked...
Oil prices down with uncertainty over US Fed rate cut
Africa-Press - Kenya. Oil prices declined on Monday amid uncertainty over the timing of the US Federal Reserve's (Fed) interest rate cuts and last...