Kenya Economy Growth

Central Bank of Kenya
MarketsNews
Otiato Guguyu

Is CBK yield curve inverting signaling recession?

Short term bonds and bill rates are slowly rising above longer dated government papers setting the stage for what is called an inverted yield curve that is traditionally used to signal oncoming recession. Pressure to repay local loans have pushed short-term interest rates above 11 percent on the three, six and one-year Treasury Bills even as three short-term bonds costs rose above 14 percent. An inverted yield curve occurs when yields on shorter-dated Treasuries rise above those for longer-term ones suggesting that while investors expect interest rates to rise in the near term, they believe that higher borrowing costs will eventually hurt the economy. Analysts…

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Port of Mombasa
CountiesNews

Port of Mombasa activity declines as cargo traffic drops

The number of ships docking at the Port of Mombasa decreased by 4.5 percent to 1,561 in 2022 reflecting decreased activity in Kenya’s transport sector during the year. The slowdown in the sector’s growth was partly on account of a decline in total cargo throughput at the Port of Mombasa by 1.9 percent to stand at 33.74 million metric tonnes in 2022. The latest data from the Kenya National Bureau of Statistics shows that import cargo traffic went down by 2.3 percent to 26.7 million metric tonnes in the year under focus when the country’s real GDP expanded by 4.8 percent on shrinking agricultural output….

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