IMF Says Kenya Didn’t Finish Program Review as Loan Lapses
Kenyan authorities failed to complete a second review for a $1.5 billion standby arrangement with the International Monetary Fund, according to the lender’s country representative, Jan Mikkelsen. The Washington-based lender “will remain in close contact with the Kenyan authorities in the near term,” Mikkelsen said in an emailed response to questions, More...
Kenya to Keep Debt Below IMF Threshold, Treasury’s Thugge Says
Bloomberg Kenya’s debt is sustainable at 49 per cent of net present value and the East African nation’s Treasury intends to keep it below 50 per cent, Principal Secretary Kamau Thugge said. The International More...
Property boom in rural Kenya creates ‘poor millionaires
ReutersThomson Reuters Foundation) – A few years ago, Charles Kirimi lived comfortably in central Kenya, with his own house and car. These days, he sleeps on the streets and scrapes by on coins from More...
EAC organs dragging feet on integration
Only a few recommendations — 16 per cent — of the 5th EAC Secretary General’s Forum held in Burundi in 2017 have been implemented. Lilian Awinja, executive director of the East African Business Council More...
Cost of Turkana oil stand-off hits Sh1bn
The cost of the month-long work stoppage at Turkana oil mines has risen to nearly Sh1 billion and could escalate further if the stalemate is not resolved in time, top Ministry of Petroleum officials said Thursday. Petroleum More...
“When I grew up the land was for the community”: Oil troubles in Turkana
Source: Africa Arguments Nick Young Nick Young founded the online and print publications Oil in Uganda (2012) and China Development Brief (1996). Huge oil discoveries in Kenya’s poorest county have so far More...
Kenya corruption threatens to engulf government, auditor general says
High-level corruption across all levels of government in Kenya threatens the integrity and basic functioning of the state, the auditor general told Reuters on Thursday. Kenyan media have reported on dozens of graft More...
Mombasa -Nairobi Pipeline complete – KPC
NAIROBI (Reuters) – A refined products pipeline linking Kenya’s capital Nairobi with the port city of Mombasa is complete and ready for use, state-run Kenya Pipeline Company (KPC) said on Wednesday. The More...
Kenyan Lady Pilots Perish
Lady Pilots that perished in the crash Barbra and Jean. The remains of the 10 passengers including two pilots of the ill fated Cessna 208 plane that crashed while enroute to Nairobi from Kitale have been moved to More...
Kenya oil production on course after agreement on revenue share
NAIROBI (Reuters) – Kenya will start the small scale export of crude oil from its fields in the far northern county of Turkana in June after an agreement on how to share the revenue, averting delays, the presidency More...
