CBK governor cuts lending rate to 8.25%, says move is set to boost Kenyan economy

KTN News Jan 28,2020


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Kenyas economy is expected to grow at 6.2% in 2020 thanks to improved rainfall and affordable credit in the country. CBK governor dr. Patrick Njoroge is however worried about the ongoing locust invasion that could affect agricultural output. The governor further expressed concerns on the dwindling exports noting that the global trade wars could significantly hit Kenya hard if the country does not diversify her trade partners.