NAIROBI, Aug 5 Telkom Kenya said on Wednesday it
was no longer looking to merge its business with the Kenyan unit
of India's Bharti Airtel, citing challenges of
securing the required regulatory approvals for the deal.
NAIROBI, July 30 Kenya's central bank governor
said on Thursday that policymakers still had plenty of firepower
left to limit the damage to the country's economy from the
BARINGO, Kenya Alphabet Inc began offering the world's first commercial high-speed internet using balloons to villagers in remote regions of Kenya's Rift Valley on Wednesday. | Video
NAIROBI, July 6 Kenya Airways will lay
off an unspecified number of workers, reduce its network and
also get rid of some assets due to the coronavirus crisis, its
chief executive said in an internal memo seen by Reuters.
NAIROBI, June 30 Kenya's economic growth slowed
to 4.9% in the first quarter of this year from 5.5% a year
earlier, hit by the uncertainty created by coronavirus pandemic,
the statistics office said on Tuesday.
NAIROBI, June 26 Kenya's economy could fare
better than expected in the face of the coronavirus crisis,
thanks to growing farm exports and a recovery in remittances,
the central bank governor said on Friday.
BOMET, Kenya Rachel Bor's neighbours chatted, laughed and shared milky tea from her tarnished kettle as they celebrated their most bountiful maize crop yet on her half-acre plot in Kenya's Rift Valley. | Video
NAIROBI Kenya will remove a range of tax exemptions including for oil and gas exploration as it seeks to make up for revenue lost to the impact of the coronavirus crisis, its finance minister said on Thursday.
NAIROBI, May 27 Kenya's central bank kept its
benchmark lending rate at 7.0% on Wednesday, as expected,
judging that its current accommodative stance remained
appropriate, the Monetary Policy Committee said in a statement.
NAIROBI, May 21 Kenya's biggest bank by assets,
KCB Group, has restructured more than 110 billion
shillings ($1 billion) of its loans to customers and up to a
quarter of its book could be affected by mid-June, its chief
executive told Reuters.