Edition:
United Kingdom

George Obulutsa

Kenya lawmaker targets foreign firms, decries China 'invasion'

08 Nov 2018

NAIROBI A lawmaker from Kenya's ruling party has proposed limiting foreign involvement in public contracts after what he said was an outcry about an influx of Chinese businesses driving out local companies.

UPDATE 2-Kenya wins case against Cortec Mining on rare earths, niobium licence

23 Oct 2018

* Court says it was not 'a protected investment' (Adds detail from ruling, context, no comment from companies)

UPDATE 2-Kenya's finance minister cuts spending, money transfer taxes to rise

19 Sep 2018

* Lawmakers to debate president's proposals on Thursday (Recasts with finance minister's spending cuts)

Kenyan president proposes tax hike on money transfer services - documents

19 Sep 2018

NAIROBI, Sept 19 Kenya's president has proposed hiking taxes on mobile money transfer services and other money transfer services, documents sent to parliament this month showed, amid a tussle in government over how to boost revenues without hurting the poor.

UPDATE 3-Kenya says IMF stand-by arrangement over, still engaging with the fund

13 Sep 2018

* Finance minister says programme not unusual (Adds forex reaction, central bank intervention)

May says Britain committed to free trade with Kenya after Brexit

30 Aug 2018

NAIROBI Britain is committed to free trade with Kenya after it leaves the European Union, British Prime Minister Theresa May said on Thursday on a visit to Nairobi as her government plays up increased trade with non-EU nations as a Brexit selling point.

UPDATE 2-Kenya Airways expects better second half after H1 pretax losses narrow

29 Aug 2018

NAIROBI, Aug 29 Kenya Airways expects much better performance in the second half of this year, helped by an improved business environment, and after prolonged election uncertainty in Kenya in the second half of 2017 hit passenger numbers.

Kenya’s deputy chief justice arrested for suspected corruption - police, prosecutor

28 Aug 2018

NAIROBI Kenya’s deputy chief justice Philomena Mwilu was arrested on Tuesday on suspicion of corruption, failure to pay tax, and improper dealings with a local bank now in receivership, the police and the country's top prosecutor said.

UPDATE 2-Kenya parliamentary committee proposes keeping upper limit of lending rate cap -document

24 Aug 2018

NAIROBI, Aug 24 A Kenyan parliamentary committee has proposed keeping the upper limit of commercial lending rates at 4 percentage points above central bank rate, as passed into law in late 2016, a committee document seen by Reuters on Friday showed.

UPDATE 1-Kenya's ARM Cement put under administration - PWC statement

18 Aug 2018

NAIROBI, Aug 18 Kenya's ARM Cement has been put into administration, PricewaterhouseCoopers said in a statement on Saturday, days after ARM Cement's chief executive officer said he was relinquishing his post but staying on its board.

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