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Kenya May Resume Cutting Rates to Support Economic Growth
Kenya’s central bank may resume cutting interest rates to support the economy following peaceful elections two months ago. The Monetary Policy Committee, led by Governor Njuguna Ndung’u, is set to reduce the benchmark interest rate by a quarter of a percentage point to 9.25 percent, according to the median estimate of eight economists surveyed by Bloomberg.
Anchoring off a Great African Literature Legend
When Chinua Achebe passed on last week, Africa was united in mourning a writer who bestrode the black continent like a colossus. But as we join Achebe’s family in mourning their most prominent member so far, we also celebrate the writer as one of the most distinguished contemporary thinkers in the world.
Achebe was an intellectual powerhouse who authored over 20 books and received more than 30 honorary degrees from around the globe, not tomention the numerous literary prizes he bagged.