NAIROBI Kenyan President Uhuru Kenyatta on Friday approved a data protection law which complies with European Union legal standards as it looks to bolster investment in its information technology sector.
NAIROBI A group of Kenyan banks on Wednesday committed 10 billion Kenyan shillings ($97 million) in loans to small and medium businesses under a new mobile phone-based loan service targeting a fast-growing segment which has traditionally been under-served.
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.
NAIROBI, Oct 9 The World Bank on Wednesday cut
its economic growth forecast for sub-Saharan Africa for 2019 to
2021 by 0.2 percentage points from its earlier projection,
citing a slowdown in fixed investment and policy uncertainty in
the global economy.
NAIROBI Japan will give Kenya nearly $860 million in concessional loans and grants for the construction of a bridge in the port city of Mombasa and other infrastructure projects to support an economic zone there, Kenyan and Japanese officials said on Friday.
NAIROBI, Sept 18 A Kenyan parliamentary
committee has blocked the finance ministry's move to scrap a cap
on commercial lending rates imposed by lawmakers in 2016, the
committee said on Wednesday.
NAIROBI Kenyan lawmakers on Tuesday debated changes to a law capping commercial interest rates after the High Court gave parliament an ultimatum to alter the law to comply with the constitution.
NAIROBI Kenya's anti-corruption commission said on Wednesday it had suspended a planned merger of Airtel Kenya with partly state-owned Telkom Kenya pending a probe into allegations about the misappropriation of public funds at Telkom.
* CEO confident lending rate cap will be removed
(Adds comments on interest rate cap)
* Governor says no vacuum at the Treasury after minister's