
Food Crisis Kenya







The Central Bank of Kenya Monetary Policy Committee (MPC) retained the base lending rate at 8.75% in January 2023 after citing a slowdown in Kenya's inflation.

The Ministry of Agriculture welcomed applications for import licences ahead of the open window for the importation of duty-free maize in Kenya by Febuary 2023.

The Institute of Public Finance (IPF) released the Macro-Fiscal Analytic Snapshot 2022/2023 report projecting that Kenya's economy will grow at 5% in 2023.

The Central Bank of Kenya (CBK) expressed confidence that Kenya's inflation will fall within its target range of 7.5% in the first three months to March 2023.

ICEA Lion Group reported that Kenya's economy will rebound from shocks such as rising inflation, and weakening shilling among others in quarter one of 2023.

Sugar Directorate of Kenya boss Willis Audi confirmed an increase in global sugar prices due to the prevailing shortages, a fact he said could affect imports.

William Ruto is expected to meet CSs, PSs and senior officials in his government at a retreat in Nanyuki on Thursday, January 5, to asses their performance.

Kenya's inflation recorded a significant drop from 9.5% reported in November to 9.1% in December 2022 as prices of items eased ahead of the Christmas festive.

Energy and Petroleum Regulatory Authority (EPRA) announced that pump prices will remain unchanged in December 2022, prompting a further increase in food prices.
Food Crisis Kenya
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