NAIROBI, Aug 30 – Kenya’s central bank has managed to cool sky-high money market interest rates with its latest policy adjustment, but analysts say it still faces a struggle to restore market confidence and stem weakness of the Kenyan shilling.
Tag: kenya central bank
Kenya: HSBC will open liaison office
NAIROBI (Reuters) – Kenya has licensed HSBC Limited to open a representative office for marketing and liaison purposes in the country, the east African nation’s central bank said on Thursday. Foreign banks have been queuing to set up operations in the region’s biggest economy, drawn in by robust economic expansion and the country’s status as […]