Tag: Inflation
-
WorldRemit, a digital remittances company, announces the results of its second Cost of Living index, where the organization has sought to understand how the worsening inflation crisis has affected the lives of international money senders around the world. The survey found that 82% of remittance senders, including Kenyan migrants who are key remittance senders in the…
-
Kenya’s inflation hit a 63-month high of 9.2% in September, according to monthly inflation data provided by the Kenya National Bureau of Statistics (KNBS). The rising cost of food, fuel and other basic commodities is putting pressure on household budgets, forcing many families to cut back on non-essential spending and dip into their savings to…
-
WorldRemit has released the results of a survey it conducted in July to understand the impact of the global rise in the cost of living on remittances sent back home by migrants living and working in the US, the UK, and Australia. WorldRemit, which serves more than 5 million customers across 130 countries worldwide, including…
-
Mizizi Africa Homes has projected a likely slow down in growth of affordable housing in the country on the back of rising interest rates on loans, higher inflation and increasing cost of construction. The developer sees these factors impacting everyone – developers, homeowners and government on low collection and a general slowdown on economic growth.…