4 stories
Explainer ·
Why lending to one African government pays 6% and another 25%
Ten African governments borrow for a year at rates from 6.29% in Tanzania to 25.67% in Egypt. What sets the price of money in each country — the central bank, inflation, the currency and trust — and what it means for savers and borrowers across the continent.
Explainer ·
How to lend to your government: buying bills and bonds in Kenya, Nigeria, South Africa and Tanzania
Several African governments let ordinary people lend to them directly, some from small amounts. What each official source says, country by country: Kenya’s Treasury bills from KSh 50,000, Nigeria’s FGN Savings Bond from ₦5,000, South Africa’s Retail Savings Bonds, and Tanzania’s Treasury bills.
Explainer ·
What the Central Bank Rate is, and why it reaches your pocket
The Central Bank Rate is the price the Central Bank of Kenya sets for money. When it moves, Treasury bill rates, bank loans and savings rates follow, at different speeds. How it works, in plain words.
Explainer ·
What is a Treasury bill, and how can I buy one?
A Treasury bill is a short loan you make to the government for 91, 182 or 364 days. How the price and the rate work, using the real auction of 5 October 2026, the KSh 50,000 minimum, the tax, and how individuals buy directly through the Central Bank.
More to read
- Receipts →Our daily verdict on one money event, with the figures from the source
- Casebook →What happened before, who lost, and what to ask now
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