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 Monetary Fund has recommended the government not exceed a threshold of 74 per cent of net present value, Thugge said Thursday in the capital, More...

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By admin On Tuesday, September 11th, 2018
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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...

By admin On Saturday, July 28th, 2018
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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...

By admin On Saturday, July 28th, 2018
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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...

By admin On Thursday, July 12th, 2018
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“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...

By admin On Thursday, July 12th, 2018
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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...

By admin On Thursday, July 12th, 2018
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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...

By admin On Friday, June 8th, 2018
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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...

By admin On Wednesday, May 23rd, 2018
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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...

By admin On Friday, March 9th, 2018
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Hope for Kenya as Uhuru Kenyatta & Raila Odinga agree to dialogue

Nairobi Star In a rare show of unity on Friday, President Uhuru Kenyatta and Opposition leader Raila Odinga told Kenyans they had set their differences aside and would work to unite the public. The two met at Harambee More...

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