* CEO confident lending rate cap will be removed
(Adds comments on interest rate cap)
* Governor says no vacuum at the Treasury after minister's
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.
* FY pretax profit up 41% to 4.44 billion shillings
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.
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
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.
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.
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.
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.