Kenya: IMF lowered its growth forecast for 2015 to 6.5%
The International Monetary Fund (IMF) announced that the Kenyan economy is expected to grow by 6.5% in 2015, against the 6.9% forecast announced earlier this […]
Kenya
Kenya: Foreign investors haul $51Mln out of Nairobi Securities Exchange
The Nairobi Securities Exchange has lost 6.75% of its value during the month of May 2015. According to official sources, foreign investors took out Sh1.5 […]
Kenya’s Barclays reports 10% pretax growth in Q1 2015
The Kenyan subsidiary of Barclays Bank Group announced that its pretax profit for the first quarter rose 10 percent to 3.12 billion Kenyan shillings ($32 […]
China Wu Yi Co to build roads in Kenya, Uganda and Ethiopia for $ 73 million
The construction firm China Wuyi Co Ltd announced on Monday it had won $73.2 million worth of contracts for the construction of roads in Kenya […]
Kenya: Diamond Trust Bank to open branches in Madagascar and DRC
Kenya’s Diamond Trust Bank (DTB) has announced interests in extending operation in Africa. Ranked Kenya’s seventh biggest bank by assets is planning to use part […]
Kenya : President Kenyatta gives Kenyan diplomats urgent task
President Uhuru Kenyatta urged Kenyan ambassadors and high commissioners present at the 17th Biennial conference that they should embark on polishing the image of the […]
Somalia: US to return to Somalia after 24year absence
The United States is preparing to return to Somalia as President Obama nominates Katherine Simonds Dhanani as US ambassador to the country. The state department […]
IMF approves $688 million precautionary loan for Kenya
The International Monetary Fund has announced on the 12th February, a precautionary credit line of nearly $ 688 million for Kenya to prevent the country […]
CAR: Seleka and anti-balaka adopt ceasefire
An agreement in principle has been reached in principle between the Seleka rebels and the anti-balaka militia to end the hostilities that they are carrying […]
Kenya: Nairobi-Accra relations boosted by ambitious agreements
Kenya and Ghana have stated their desire to renew the ties between them with the pre-independence bonds established by Ghana’s first President, Dr. Kwame Nkrumah […]