Monetary Policy - Finance in Africa

Nigeria court backs apex bank amidst trademark lawsuit over eNaira

Ernest Favour

African central banks should be wary of cryptocurrencies – IMF

Udi Aghogho

Kenya’s central bank to scrap risk-based pricing model as it eyes more transparent lending

Emmanuel Paul

Kenya cuts benchmark rate to 10% as policymakers prioritise private sector revival

Amarachi Orjiude-Ndibe

The Federal High Court in Abuja has refused to stop the CBN from using the name eNaira, ruling that halting its use could harm the economy and public trust.

The Central Bank of Kenya is moving to replace its risk-based lending model with a benchmark-based system anchored to the central bank rate, aiming to improve transparency and rate transmission.

Kenya’s central bank has cut its Monetary Policy Rate by 75 basis points to 10 percent, marking the fifth consecutive reduction and the lowest level since May 2023.

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Nigeria court backs apex bank amidst trademark lawsuit over eNaira

Nigeria High Court ruling backs CBN’s right to use eNaira, easing investor concern over Nigeria’s digital currency

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African central banks should be wary of cryptocurrencies – IMF

Soaring inflation and weak currencies push young Africans to crypto—but the IMF warns the rush could undercut monetary policy, fuel capital flight, and shake already fragile economies.

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Kenya’s central bank to scrap risk-based pricing model as it eyes more transparent lending

The Central Bank of Kenya is moving to replace its risk-based lending model with a benchmark-based system anchored to the central bank rate, aiming to improve transparency and rate transmission.

Follow the story

Kenya cuts benchmark rate to 10% as policymakers prioritise private sector revival

Although private sector lending edged up by 0.2% in March after a February decline, the central bank says borrowing remains sluggish despite falling interest rates since December.

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The Federal High Court in Abuja has refused to stop the CBN from using the name eNaira, ruling that halting its use could harm the economy and public trust.

The Central Bank of Kenya is moving to replace its risk-based lending model with a benchmark-based system anchored to the central bank rate, aiming to improve transparency and rate transmission.

Kenya’s central bank has cut its Monetary Policy Rate by 75 basis points to 10 percent, marking the fifth consecutive reduction and the lowest level since May 2023.