Sharp Daily
No Result
View All Result
Saturday, August 9, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Central Bank projects surge in foreign inflows

Austin Wekesa by Austin Wekesa
February 13, 2024
in News
Reading Time: 2 mins read

The Central Bank of Kenya (CBK) anticipates a surge in foreign inflows into the Kenyan economy in 2024, marking a significant turnaround since the end of 2016. If projections hold, it would signify the first increase in foreign inflows and the highest amount received since 2021, ending a challenging period marked by investor divestment.

CBK Governor revealed expectations of a USD 1.1 billion influx, primarily driven by Foreign Direct Investment (FDI) and disbursements from lenders such as a EUR 88 million loan from the African Development Bank.

The prospect of Kenya becoming a more attractive destination for foreign investors may prompt interest rate reductions. Additionally, the recent strengthening of the Kenyan Shilling, evidenced by its gains against the dollar over the past two consecutive weeks, contrasts with its downward trajectory in recent years, enhancing Kenya’s appeal to foreign investors grappling with foreign exchange losses.

The anticipated increase in inflows is poised to stabilize the local exchange rate and bolster the country’s hard currency reserves, mitigating volatility.

RELATEDPOSTS

CBK lifts 10-year moratorium on new bank licenses

April 17, 2025

CBK introduces green finance taxonomy to guide climate risk management in banking

April 4, 2025

Previous Post

Kenya Power announces resumption of token purchase service

Next Post

Over 2,000 Kenyan civil servants used fake degrees: probe

Austin Wekesa

Austin Wekesa

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024