East African banks rank among world’s top performers
East Africa’s top banks are ranked among the world’s 1,000 best lender2s. They weathered a tough operating environment in 2019 to post stronger growth while...
Category : KENYA
Kenya ‘will no longer comply’ with signed EAC agreement on debt limit
Kenya has breached the East Africa Community ceiling on debt accumulation, as the national Treasury borrows heavily to finance government operations amid falling revenue collection...
Kenyan MPs, Executive, banks differ over rate caps
Kenyan lawmakers are headed on a collision course with the Executive over bank lending rates, after President Uhuru Kenyatta rejected their push to control the...
Kenya’s new ICD for Uganda, Rwanda, DRC-bound cargo coming in January
Beginning January 2020, import cargo destined for Uganda, Rwanda, South Sudan and DRC through Mombasa port will be offloaded at the Mai Mahiu Standard Gauge...
Outrage as Kenyan minister re-appoints dead man
Kenya’s Information and Communication Cabinet Secretary Joe Mucheru is on the spot after he re-appointed a dead man to occupy a top seat at a...
Kenyatta rejects rate cap in memo to parliament
Kenya’s President Uhuru Kenyatta has declined to approve the Finance Bill and has instead asked MPs to scrap commercial lending rate caps that critics say...
Kenya launches second phase of SGR line as China cuts funding
The Kenyan government plans to launch an expensive railway line that ends in the middle of nowhere after the Chinese government pulled the plug on...
Mara in talks to sell its phones in Kenya, Angola, DR Congo
Rwanda has become the first in Africa to produce smartphones. The Mara Phone factory in Kigali commissioned last week on Tuesday by President Paul Kagame...
World Bank warns Kenya over $85.7b debt ceiling
The World Bank has warned Kenya against piling up more debt than the country can repay, even as Parliament this week approved to raise borrowing...
In Nairobi, recycling poo is cleaning up the slums
“When I started, there was poop in bags everywhere,” said Ricky Ojwang, skillfully navigating a rubbish-strewn canal in Mukuru, a Nairobi slum where he’s worked...
