Kenya Cuts Expenditures to Curb Surging Deficit
Kenyan finance minister on Thursday said the country’s Treasury has sent parliament supplementary spending plans that introduce net cuts of about $493 million, for the […]
Nairobi
Kenyan: A teacher found guilty for radicalising pupils, gets 20-year jail term
A court in Mombasa has found a teacher at an Islamic school guilty of radicalizing his students by teaching them radical jihad and sentenced him […]
Lufthansa to pull out of Ghana in October
The German airline, Lufthansa will from the first of October this year cease operations in Ghana. The company has officially notified the transport ministry over […]
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 “ideal location” for investors seeking 600million market economy
President Uhuru Kenyatta seized the opportunity of the inauguration ceremony of the two-day Kenya International Investment Conference (KIICO) to urge local and foreign investors to […]
Kenya awards offshore oil exploration permit to Total
Kenya has awarded the French oil company Total a new oil exploration permit to cover an area of over 10,000 square kilometers off the Lamu […]
Kenya gets French loan to upgrade electricity distribution
France will extend Kenya a 78.5 million euro loan to help the African country upgrade its power transmission lines and eliminate blackouts. The concessional loan […]