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United Kingdom

Duncan Miriri

Kenya's president refuses to sign the budget over rate cap

17 Oct 2019

NAIROBI Kenyan President Uhuru Kenyatta has demanded that lawmakers remove a cap on commercial lending rates, refusing to approve the 2019/20 (July-June) budget unless the limit is lifted, a document sent to parliament from the presidency showed on Thursday.

Kenya opens $1.5 billion Chinese-built railway linking Rift Valley town and Nairobi

16 Oct 2019

NAIVASHA, Kenya Kenya's opened a $1.5 billion Chinese-built railway line linking Nairobi to Naivasha on Wednesday, despite delays in building an industrial park in the Rift Valley town to encourage freight. | Video

Kenya opens Chinese-built railway linking Rift Valley town to Nairobi

16 Oct 2019

NAIROBI, Oct 16 Kenya's President Uhuru Kenyatta is due to open a new $1.5 billion Chinese rail line on Wednesday linking the capital Nairobi to the Rift Valley town of Naivasha, despite delays in establishing an industrial park there to drive freight traffic.

Kenya's first green bond issue raises 4.3 billion shillings

03 Oct 2019

NAIROBI Kenya's first green bond has raised 4.3 billion shillings ($41.45 million) to build environmentally-friendly student accommodation, the issue's lead arranger said on Thursday.

Kenya finds $71 mln in suspect cash as it retires old notes -cenbank

02 Oct 2019

NAIROBI, Oct 2 A Kenyan anti-corruption drive uncovered the equivalent of tens of millions of dollars in unexplained wealth when it retired old banknotes, the central bank said on Wednesday, adding much of the cash appeared to have been gained in "the criminal area".

Africa dreams of free trade as red tape rules on the ground

26 Sep 2019

NAMANGA, Kenya/Tanzania The speed limit is 110 km per hour on the new highway that Abadalla Chande uses to haul his truckload of animal feed from Tanzania to Kenya, two nations that share a common market often hailed as a model for the continent.

Kenyan budget carrier Jambojet to double passengers in three years

25 Sep 2019

NAIROBI Kenya's first low-cost airline, Jambojet, plans to more than double its annual passengers to 1.5 million in the next three years by opening new routes in East Africa and flying planes more often, its chief executive said on Wednesday. | Video

UPDATE 2-Kenyan central banker sees easing cycle if fiscal cuts sustained

24 Sep 2019

* Consolidation among lenders to continue, governor says (Recasts with forward guidance)

Kenya central bank says banking sector consolidation to continue

24 Sep 2019

NAIROBI, Sept 24 Kenya central bank governor said on Tuesday ongoing consolidation in the banking sector will continue.

Kenya central bank says inflation unaffected by oil price spike

24 Sep 2019

NAIROBI, Sept 24 Kenya's central bank governor said on Tuesday the oil price spike caused by an attack earlier this month on Saudi Arabia's largest oil processing facility would have little impact on inflation.

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