Kenya's private sector experienced growth in July for the first time in five months, marking a vital step toward economic recovery. This positive trend comes after a challenging period characterized by weak consumer demand, high operational costs, and geopolitical uncertainties.The latest Stanbic Bank Kenya Purchasing Managers' Index (PMI) climbed to
Tag: IMF
Ruto urges global financial institutions to be fair
President Ruto with Keith E. Hansen, the World Bank Country Director for Kenya President William Ruto has said international financial institutions need to adjust to match the economic challenges that face countries in the Global South. He said the needs of the developing world have changed fundamentally since the World Bank and
Ruto asks Bretton Woods to align plans with Africa’s aspirations
President William Ruto has asked the World Bank and the International Monetary Fund to to review their plans to match the aspirations of Africa. Ruto said the Bretton Woods institutions have the power to transform the continent. and noted that this can be realised if these Institutions attain a significant measure
