Kenya Keeps Rate Unchanged, Says Inflation Pressures Temporary

The Central Bank of Kenya left its main interest rate unchanged for the fourth consecutive meeting as declining oil prices herald decreasing inflation rates from a 17-month high. The Monetary Policy Committee kept the rate at 11.5 percent, Governor Patrick Njoroge said in an e-mailed statement from the capital, Nairobi. The decision was forecast by More...

by admin | Published 5 years ago
By admin On Monday, November 23rd, 2015

Kenya’s President talks tough to Banks to end corruption, but will the Public sector lead by example?

Kenyan President Uhuru Kenyatta on Monday vowed to introduce anti-graft legislation, blacklist officials, and strip licenses from banks violating money laundering rules, as part of a fresh crackdown on corruption More...

By admin On Thursday, November 19th, 2015

Public Private Partnerships Model in Kenya: Opportunities and Challenges

Introduction Public-Private Partnerships (PPPs) have received much attention in the development and financing of public infrastructure facilities and services in the last decade due to its inherent benefits. In More...

By admin On Thursday, October 8th, 2015

Kenya’s Borrowing Costs Bear Brunt in Battle to Defend Currency

Kenya is finding that the price for defending its currency is higher borrowing costs for the government. Yields on Treasury bills have surged to their highest levels in more than 3 1/2 years as the central bank More...

By admin On Thursday, October 8th, 2015

Africa down but not out!

Article by Richard Dowden – Royal Africa Society Africa suffers from adjectives: hopeless, dark, rising. Good or bad they are all wrong and should be banned. The only adjectives we should use these More...

By admin On Friday, August 21st, 2015

Kenya’s Ports Authority Plans Loans for Mombasa Harbor Expansion

The Kenya Ports Authority plans to borrow 34 billion shillings ($328 million) to finance the expansion of East Africa’s biggest harbor on the southeast coast, Managing Director Gichiri Ndua said. The state-run More...

By admin On Tuesday, August 18th, 2015

Treasury may hedge to meet Eurobond interest risk on weak shilling

Treasury is willing to consider hedging against currency risk to manage its exposure to rising interest payments on the country’s 10-year $1.5 billion and five-year $500 million Eurobonds as a result of the More...

By admin On Thursday, August 13th, 2015

Africa’s Throwing Away Dollars It Can’t Afford in Currency Rout

Africa is battling the global currency markets with one hand tied behind its back. With foreign-exchange reserves equal to less than a 10th of the emerging-market average, nations from Ghana to Zambia are finding More...

By admin On Wednesday, August 12th, 2015

Kenya’s well positioned to issue a Sukuk Bond – S&P report

Kenya has ranked Kenya alongside the Ivory Coast and Nigeria as having good potential for Sharia-based bonds known as Sukuks. Says S&P, “We believe Cote d’Ivoire, Nigeria, and Kenya are well positioned More...

By admin On Monday, August 10th, 2015

Research firm endorses Kenya’s infrastructure progress

The Frost & Sullivan ‘African Infrastructure Tracker: Kenya’ report has noted that the significant improvement in the country’s infrastructure over the past 5 years and ongoing and planned infrastructure More...