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Kenya says IMF stand-by deal over, will continue engaging with the fund
Kenya’s stand-by loan deal with the International Monetary Fund has expired but the country will continue to talk to the Fund about what funding facil...
Kenya
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Kenya 428 km power line complete, to add 310 MW to grid by December
A high voltage power line to carry electricity from a 310 megawatt (MW) wind power plant to central Kenya from the north is complete and supply to the...
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Drug company Cipla’s share sale finally hits stockmarket in Kenya
The long awaited Cipla Quality Chemicals Ltd initial public offering launches at the Uganda Securities Exchange this month, with shares selling at bet...
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Kenyatta to meet Trump for trade talks as ties improve between US and Kenya
Kenyan President Uhuru Kenyatta will hold talks with his US counterpart Donald Trump on August 27 in Washington, the White House confirmed on Monday. ...
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Kenyan middle class hit hard in new electricity tariffs
Power costs for middle class households will from Wednesday rise by up to 54 per cent when a new billing structure takes effect, setting millions of d...
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Uganda’s imports trumps exports for first time
Kenya has for the first time imported more goods than it sold to its neighbour Uganda in the five months to May, mainly due to increased maize imports...
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Kwale titanium sales flat at $53 million in Kenya
Titanium sales of Australian mining firm Base Resources from its Kwale operation was flat at Sh5.3 billion in the second quarter ended June as reduced...
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Forex deposits hit all-time high of $5 billion in Kenya
Foreign currency deposits in local banks have risen past the half a trillion mark for the first time, mainly driven by Kenyans sending money home to t...
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Unga Group quietly suspends trading from Nairobi Securities Exchange after takeover hitch
Unga Group’s share at the Nairobi Securities Exchange (NSE) was back in suspension Tuesday, a day after a resumption of trading following a three-week...
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Mixed emotions greet implementation of African continental free trade agreement
Three years after the first meeting, specifically on June 2015, at the African Union Summit in South Africa, Consultations and negotiations for establ...