NAIROBI, May 28 Kenya's headroom for new
borrowing has shrunk since it tapped the Eurobond market this
month and it is time for the country to begin reorganising its
debt, central bank governor Patrick Njoroge said on Tuesday.
* Rising Tanzania bad loans weigh on performance
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NAIROBI, May 1 The World Bank approved a $250
million loan to Kenya to help with affordable housing in the
East African nation, where many would-be home owners struggle to
obtain long term housing finance, the bank said on Wednesday.
NAIROBI NIC Group's shareholders have approved its merger with the Commercial Bank of Africa, the company said on Wednesday, paving the way for the two companies to create the third-biggest bank by assets in East Africa.
NAIROBI Gunmen abducted two Cuban doctors near Kenya's border with Somalia on Friday as they were going to work, and shot dead a police officer guarding them, authorities said.
NAIROBI The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on Monday. | Video
NAIROBI, April 8 The World Bank has cut its
growth forecast for Sub-Saharan Africa this year to 2.8 percent
from an initial 3.3 percent, it said on Monday.
DAR ES SALAAM Tanzanian authorities on Wednesday charged the managing director of Vodacom Tanzania and other telecom executives with economic crimes, court documents seen by Reuters showed.
NAIROBI The NBA will invest millions of dollars in Basketball Africa League, its first professional league outside of North America, and will be hands-on in its operation, a top executive said on Tuesday.
NAIROBI, March 28 Kenya is in no rush to secure
a new standby credit facility with the International Monetary
Fund as its economy continues to show strength, central bank
governor Patrick Njoroge said on Thursday.