NAIROBI, Nov 5 Kenya might be unable to sustain
its economic growth rate of about 6 percent per annum due to
poor credit growth caused by a cap on commercial lending rates,
the chief executive of Equity Group said on Monday.
DAR ES SALAAM/NAIROBI Africa's youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, has returned home unharmed after being released by his kidnappers, police said on Saturday.
WASHINGTON/KAKUMA, KENYA On Jan. 19, 2017, Aden Hassan’s long wait to start a new life ended when he stepped off a plane in Columbus, Ohio, half a world away from the Kenyan refugee camp where he had lived for a decade. | Video
NAIROBI, Sept 1 Kenya's revenue authority
imposed a 16 percent value added tax on all petroleum products
on Saturday, defying lawmakers who had voted earlier this week
to delay the levy for two years due to concerns about the cost
NAIROBI, Aug 24 Kenyan bank Equity Group's
fintech business Finserve is betting on a new payment
platform for customers and businesses across East and Central
Africa to tap into the region's e-commerce and remittances
NAIROBI Uber [UBER.UL] the global ride-hailing company, is considering expanding into two other East African countries before the end of 2018, focusing on low cost services like Chap Chap in Kenya, the company said on Friday.
NAIROBI, Aug 16 KCB Group expects to
finalise a takeover of smaller rival Imperial Bank by the end of
September, Kenya's biggest bank by assets said on Thursday after
reporting higher first-half profits.
NAIROBI Taxify, an Estonian ride-hailing company aiming to take on Uber [UBER.UL] in emerging markets, will invest millions of euros in East Africa in the next five years with a strategy focused on motorized rickshaws and motorcycles, it said on Thursday.
NAIROBI Eritrean Airlines has begun regular flights to Ethiopia's capital Addis Ababa, the Eritrean information minister said on Saturday, marking another step in improving relations between the Horn of African countries after a generation of hostility.
NAIROBI, Aug 1 Secondhand Asian imports are the
biggest challenge to the growth of car manufacturing in East
Africa, an executive at Japan's Isuzu, which is trying
to tap into its emerging middle class, said on Wednesday.