Edition:
India

Duncan Miriri

FACTBOX-Debt-laden Kenya draws up new policy to curb its borrowing

15 Nov 2019

NAIROBI, Nov 15 Kenya's finance ministry wants to manage the public debt better by officially coordinating its borrowing plans with the central bank, the government said in a draft debt policy published for public comment this week.

Kenya passes data protection law crucial for tech investments

08 Nov 2019

NAIROBI Kenyan President Uhuru Kenyatta on Friday approved a data protection law which complies with European Union legal standards as it looks to bolster investment in its information technology sector.

UPDATE 2-Kenya's president finalises removal of rate cap for banks

07 Nov 2019

NAIROBI, Nov 7 Kenya's President Uhuru Kenyatta has signed a law that scraps a cap on banks' commercial lending rates which had been blamed for stalling lending to businesses, his office said on Thursday.

UPDATE 2-Kenya ditches cap on banks' commercial lending rates

05 Nov 2019

NAIROBI, Nov 5 Kenya's President Uhuru Kenyatta's bid to remove a cap on commercial lending rates was passed in parliament on Tuesday, potentially boosting the flow of credit to the country's economy.

Kenya's Safaricom plans Ethiopia expansion after profit jump

01 Nov 2019

NAIROBI Kenya's Safaricom plans to bid for one of two Ethiopian telecoms licenses next year in partnership with South Africa's Vodacom , it said after posting a jump in first-half profit on Friday.

Kenya's economy to grow at a faster pace next year: World Bank

31 Oct 2019

NAIROBI Kenya's economy is likely to expand by 6.0% next year, rising from projected growth of 5.8% this year, due to a favorable weather outlook, the World Bank said on Thursday.

UPDATE 3-Kenyan parliamentary panel backs lifting cap on lending rates

30 Oct 2019

NAIROBI, Oct 30 Kenya's parliament should repeal a cap on commercial lending rates, in line with the president's demands, the finance committee of the legislature said in a report seen by Reuters on Wednesday.

Kenya's Twiga Foods raises $30 million ahead of planned expansion

28 Oct 2019

NAIROBI Kenyan food distribution start-up Twiga Foods has raised $30 million in debt and equity through a fundraising round led by Goldman Sachs, it said on Monday.

Kenya's Twiga Foods raises $30 mln ahead of planned expansion

28 Oct 2019

NAIROBI, Oct 28 Kenyan food distribution start-up Twiga Foods has raised $30 million in debt and equity through a fundraising round led by Goldman Sachs, it said on Monday.

Kenya's president refuses to sign the budget over rate cap

17 Oct 2019

NAIROBI Kenyan President Uhuru Kenyatta has demanded that lawmakers remove a cap on commercial lending rates, refusing to approve the 2019/20 (July-June) budget unless the limit is lifted, a document sent to parliament from the presidency showed on Thursday.

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