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...
Theresa May’s Tour of Africa and Dance worked to distract her opponents!
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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...
Kenya tax payers ordered to pay Uganda, Rwanda firms $63m for poll chaos losses
A Kenyan court has ordered the government to pay 16 Ugandan and Rwandan companies $63 million as compensation for trucks and goods lost during the 2007-2008 post-election chaos. The ruling by High Court judge More...
Turkana traders count losses after Tullow Oil suspends work
Tullow Oil has stopped work at its Kenyan oilfield and halted trucking operations due to security issues, the firm’s chief executive Paul McDade told Reuters yesterday. Australian-owned mining firm Base Titanium More...
Kenyan shilling firms against the dollar, helped by remittances
The Kenyan shilling strengthened against the dollar on Friday due to inflows from diaspora remittances and tightening liquidity in the money market, traders said. At 0830 GMT, commercial banks quoted the 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...
Africa’s World Cup? – Think Again.
The World’s greatest soccer centerpiece the World Cup; drew open it’s curtain on Thursday at Moscow’s Luzhnik Stadium (writes topi Lyambila). The one-month tournament featuring 32 teams with 5 from Africa. Saying More...
Kenya Misses World Cup Appearance
Kenyan referee Aden Marwa who had been slated to run the lines during this year’s Moscow 2018 World Cup has been dropped. (writes topi Lyambila) This follows an undercover sting operation by Ghanian journalist More...
Burst dam at Patel Farm saw over 40 people killed lacked permits, police investigate
Reuters A dam on a Kenyan commercial farm that burst this week, killing at least 45 people, was built illegally, the water resource regulator said on Friday, as police opened an initial investigation into the disaster. The More...
