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The Central Bank of Kenya is tapping the domestic market to raise Ksh40 billion for budgetary support, offering investors two long-term bonds amidst a broader strategy of increased local borrowing to manage public debt.
A damning new report by Oxfam reveals the stark reality of Kenya's economic disparity, where a tiny elite's wealth eclipses that of 77% of the population, intensifying calls for urgent fiscal and social policy reforms.
Millions of Kenyan families face a deepening cost of living crisis as a severe rainfall deficit compounds persistent inflation, threatening national food security and pushing staple food prices to alarming new highs.
