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Duncan Miriri

UPDATE 2-Kenyan shilling weakness not linked to bank note plan - cbank

20 Jun 2019

NAIROBI, June 20 Kenya's central bank governor said on Thursday he was not concerned by this month's falls in the shilling and the weakness was not linked to plans to invalidate the old 1,000 shilling note.

Kenyan parliament will block repeal of rate cap, lawmaker says

17 Jun 2019

NAIROBI, June 17 Kenya's parliament will block an attempt to repeal a cap on commercial lending rates, the lawmaker who sponsored the law imposing the cap said on Monday.

UPDATE 4-Kenya to raise capital gains tax to shore up revenues

13 Jun 2019

* Tanzania and Uganda raise spending (Updates with MP arrested for assault, walkout of female MPs)

China ready for trade talks with East Africa bloc - ambassador to Kenya

10 Jun 2019

NAIROBI China is ready to negotiate a trade deal with the six-nation East Africa Community (EAC) to address Kenya's complaints about a huge trade imbalance in favour of the Asian economic giant, China's ambassador to Nairobi told Reuters.

UPDATE 2-Kenya's 'stabilising hand' c.bank chief gets second term

06 Jun 2019

NAIROBI, June 6 Kenyan Central Bank Governor Patrick Njoroge has been given a second and final four-year term in the job, as President Uhuru Kenyatta opted for continuity in the face of a private sector credit crunch and pressure to reduce government borrowing.

Kenya's central banker warns about impact of illicit flows

03 Jun 2019

NAIROBI, June 3 Kenya needs to urgently stamp out an upsurge of suspicious transactions in its financial sector that imperil future commercial activities and economic growth, Patrick Njoroge, the central bank governor, said on Monday.

Kenya's National Cement to invest $36 mln after buying ARM assets

24 May 2019

NAIROBI, May 24 National Cement Company, which this week signed a deal to buy the Kenyan assets of ARM Cement from its administrator, plans to invest $36 million to modernise the production plants it is acquiring, its chairman said on Friday.

Safaricom, Vodacom plan $13 million purchase of M-Pesa rights from Vodafone

23 May 2019

NAIROBI Kenya's Safaricom will start a joint venture with Vodacom to acquire the intellectual property rights to the popular M-Pesa mobile financial services platform from Britain's Vodafone, Safaricom's CEO said on Thursday. | Video

UPDATE 2-Kenya's Safaricom CEO Bob Collymore to stay on an extra year

23 May 2019

* He wants to develop new revenue streams over next 12 months (Adds details, comments on Huawei)

Spreading the net: Somali Islamists now target Kenyan recruits

17 May 2019

ISIOLO, Kenya A youth recruited while watching football. A Catholic school graduate. Girls desperate for cash and jobs.

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