United Kingdom

George Obulutsa

UPDATE 2-Kenya's Equity boosted by loan growth, sees rate cap removed

01 Aug 2019

* CEO confident lending rate cap will be removed (Adds comments on interest rate cap)

UPDATE 3-Kenya's central bank chief plays down impact of Rotich charges

25 Jul 2019

* Governor says no vacuum at the Treasury after minister's charges

Kenyan finance minister denies corruption charges, given bail

23 Jul 2019

NAIROBI Kenya's Finance Minister Henry Rotich pleaded not guilty on Tuesday to corruption charges over the award of two dam tenders, in an unprecedented legal move against a sitting minister in a country notorious for graft.

UPDATE 3-Centum Investment profit up, to sell stake in drinks firms

12 Jun 2019

* FY pretax profit up 41% to 4.44 billion shillings (Adds quote)

Power from Kenya's planned Lamu plant could cost 10 times more than estimated: study

11 Jun 2019

NAIROBI Electricity from a coal-fired power plant due to be built in Kenya by a Kenyan-Chinese consortium will cost consumers up to 10 times more than planned, a U.S. thinktank says, raising further doubts about the long-delayed project.

Kenya Airways aims to double fleet over 5 years on path to profit

10 Jun 2019

NAIROBI, June 10 Kenya Airways plans to double its fleet over the next five years, its chairman said on Monday, as the loss-making carrier combats regional rivals like Ethiopian.

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.

UPDATE 2-Kenya's NSE gets regulatory approval for derivatives market

29 May 2019

NAIROBI, May 29 Kenya's Nairobi Securities Exchange has received regulatory approval to launch a derivatives market, the Capital Markets Authority said on Wednesday, and the exchange said it aimed to start futures trading in July.

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.

New Kenyan body to help drive mortgage lending aims to raise 5 bln shillings

22 May 2019

NAIROBI, May 21 Kenya's new mortgage refinancing company, set up to help the many would-be homeowners who struggle to secure a mortgage, aims to raise 5 billion shillings ($49.41 million) on the capital markets in the next year or two, its chief executive said.

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