Edition:
India

Duncan Miriri

UPDATE 1-Telkom Kenya pulls the plug on merger with Bharti Airtel

05 Aug 2020

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.

UPDATE 1-Kenya central bank has 'plenty of firepower', governor says

30 Jul 2020

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 coronavirus crisis.

Alphabet's Loon launches balloon internet service in Kenya

09 Jul 2020

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

UPDATE 1-Kenya Airways to lay off staff, reduce network and assets -CEO

06 Jul 2020

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.

UPDATE 2-Kenya's economic growth slows down in the first quarter

30 Jun 2020

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.

UPDATE 2-Kenyan central banker sees silver lining in economic gloom

26 Jun 2020

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.

Credit from Safaricom's farming app sows seeds of change in Kenya

15 Jun 2020

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

Kenya targets tax exemptions to boost coronavirus-hit revenue

11 Jun 2020

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.

UPDATE 2-Kenya central bank leaves rates unchanged, says past measures are being helpful

27 May 2020

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.

UPDATE 2-Kenya's KCB bank sees a quarter of loans hit by coronavirus

21 May 2020

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.

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