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...
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...
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...
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...
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...
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...
