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