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 shilling at 100.30/50 per dollar, compared with 100.50/70 at Thursday's close. The weighted average daily interbank lending rate stood More...

by admin | Published 1 year ago
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 Sunday, June 17th, 2018
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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...

By admin On Thursday, June 7th, 2018
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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...

By admin On Friday, May 11th, 2018
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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...

By admin On Friday, May 11th, 2018
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New political order as Kenya’s leader attempts to redefine his legacy -The politics of #Handshake

Kenyan President Uhuru Kenyatta is redefining the nation’s tenuous political alliances in a move that’s likely to help him consolidate power during his final term and leave his deputy William Ruto out in the More...

By admin On Friday, May 11th, 2018
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Kenya mourns as 44 people killed in Solai Farm after an authorised Dam burst- Nakuru

Villagers accused the farm-owner of depriving them of access to river water (AFP) SOLAI, KENYA:  Kenya’s chief prosecutor on Friday ordered police to investigate a dam-burston a commercial farm in the Rift 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...

By admin On Friday, March 2nd, 2018
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African SMEs Set to Benefit from USD 74M Guarantee

The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) (www.AfricanGuaranteeFund.com) has today entered into a re- guarantee transaction of an amount of up to USD 74 million with GuarantCo (www.GuarantCo.com), More...

By admin On Thursday, February 15th, 2018
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Ethiopia’s Prime Minister Resigns to pave way for reform

AGENCIES Ethiopia’s prime minister says he has submitted his resignation as both prime minister and the chairman of the ruling coalition. Hailemariam Desalegn’s announcement comes amid a political crisis More...

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