Edition:
United Kingdom

George Obulutsa

UPDATE 3-Kenyan GDP expected to grow 6.2% in 2020, central bank says

1:12pm GMT

NAIROBI, Jan 28 Kenya's economy is forecast to grow 6.2% this year, up from 5.7% last year, central bank governor Patrick Njoroge said on Tuesday, as regional trade shields Kenya from the effects of a global downturn.

UPDATE 2-Kenyan central bank makes second cut to key lending rate

27 Jan 2020

NAIROBI, Jan 27 Kenya's central bank cut its benchmark lending rate on Monday for the second time in a row, saying the economy was operating below potential and there was room for a more accommodative monetary policy.

World's richest 2,000 people hold more than poorest 4.6 billion combined - Oxfam

20 Jan 2020

NAIROBI The world's richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said on Monday. | Video

Kenya arrests gold-loving Nairobi governor on suspicion of corruption

06 Dec 2019

NAIROBI Kenyan police arrested the Nairobi County governor, known for his chunky gold jewellery and impromptu raps, on Friday on corruption charges, a high profile move in the government's much trumpeted anti-graft push. | Video

UPDATE 2-Kenya's Centum banks on real estate after H1 profit trebles

28 Nov 2019

* Sees boost from real estate sales next fiscal year (Adds details, outlook, quotes)

Kenyan government report proposes more posts to tackle election violence

27 Nov 2019

NAIROBI Kenya should create more senior political posts including that of prime minister and increase payments to regional governments to try to end cyclical election violence, a government report said on Wednesday.

UPDATE 2-Kenyan lenders to shun "wild west banditry", central banker says

26 Nov 2019

NAIROBI, Nov 26 Kenyan banks will not return to the "wild west kind of banditry" after a cap on commercial lending rates was lifted this month, the governor of the central bank said on Tuesday.

UPDATE 2-Kenya central bank cuts loan rate for first time in over a year

25 Nov 2019

NAIROBI, Nov 25 Kenya's central bank cut its benchmark lending rate for the first time in more than a year on Monday, saying tightening fiscal policy had provided room to ease in an effort to coax an economy operating below its potential.

Kenya passes data protection law crucial for tech investments

08 Nov 2019

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.

Kenyan lenders target small and medium businesses with digital loans

06 Nov 2019

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.

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