Poor weather and reduced lending by commercials banks kept the first quarter economic growth at its slowest pace in five years as inflation dropped for the first time this year.
Kenya is the latest country to become a member of Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer.
Mobile money defied the onslaught by inter-bank transfer platform PesaLink to grow the amount transacted via phones by nearly a fifth in the first four months to April.
Kenya's central bank kept its Central Bank Rate (CBR) at 10.0 percent, as expected, saying its current policy stance had reduced the threat of demand-driven inflation, which is still expected to remain above the government's target in the near term due to higher prices of some food items.
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