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An AI photo of oil drum and a forex chart for illustration purposes on the global oil prices. PHOTO/ Courtesy
Business News
CBK Report: Global Oil Prices Surge as Kenya Shilling Holds Steady
Blake Otieno May 22, 2026

Prices for global oil surged significantly in the period between May 14 and May 22, 2026, due to increasing geopolitical instability in the Middle East, as per the reports published by the Central Bank of Kenya(CBK). The price for Murban crude oil went up to $97.51(approximately Ksh 12,647.05) per barrel on May 21, 2026, compared

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Central Bank of Kenya. PHOTO/CBK
Business News
Relief for Borrowers as CBK Cuts Lending Rates by 25 Basis Points
Blake Otieno February 10, 2026

The CBK (Central Bank of Kenya) has made an official announcement regarding its monetary policy by cutting the CBR (central bank rate), by signing the new borrowing rate from 9.00% and 8.75%, respectively. This reduction is intended to give borrowers more relief due mainly to lower inflation rates, improved lending practices and the current lack

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