Kenya’s financial landscape is shifting as the Central Bank of Kenya (CBK) moves to cut interest rates in an effort to boost lending. The goal? To unlock credit for businesses and individuals, stimulating economic growth. But here’s the real question: will banks ease access to credit, or will most Kenyans still be trapped borrowing from digital lenders at sky-high rates?
Kenya’s economic trajectory appears to be on an upward trend, with projected GDP growth rates around 5% for 2025, despite facing challenges such as increased unemployment, business closures, and rising auctions.
Moody’s has upgraded the country’s economic outlook and the growth is projected at 5% in 2025. The GOK attributes the positive growth to The Bottom Up Economic Agenda (BETA), which has redefined the country’s approach to inclusive growth and resilience.
Kenya’s economy is on the rise, marking a significant shift from past uncertainties to a promising future. The recent upgrade by Moody’s Ratings from a negative to a positive outlook is a strong indication that the country’s financial health is improving. But beyond the headlines, what does this mean for everyday Kenyans? How will this economic resurgence shape the future for businesses, job seekers, and families?
In a thought-provoking episode of Show Me the Market on Horizon TV, financial expert and insolvency practitioner Mohamed Ahmed shared invaluable insights on business rescue strategies. The discussion aimed to equip business owners with tools and approaches for navigating financial distress and achieving sustainable recovery.
In a recent interview with Citizen TV, Mohamed Mohamed, the CEO of Uchumi Supermarkets, provided a comprehensive update on the embattled retailer’s strategy to address its financial struggles and revive operations. The discussion highlighted Uchumi’s efforts to manage its significant debt, innovative plans for the future, and the challenges of navigating a competitive retail market.
