World Bank set to loan Kenya's arid region Sh111b
Kenya will get a World Bank loan of Sh111 billion ($1.1 billion) for infrastructure projects in the country’s arid northern region, the bank’s vice president for Africa said.
By Duncan Miriri 8 years ago
World Bank set to loan Kenya's arid region Sh111b
KQ eyeing narrow loss via low fuel costs and savings
Kenya Airways expects an improvement in operating profit and narrower losses for the year ending in March.
By Duncan Miriri 8 years ago
KQ eyeing narrow loss via low fuel costs and savings
Anti-graft chief says a third of Kenyan budget lost to corruption
Kenya is losing a third of its budget - the equivalent of about $6 billion (Sh608 billion) - to corruption every year, the country’s new anti-graft chief told Reuters.
By Duncan Miriri and Reuters 8 years ago
Anti-graft chief says a third of Kenyan budget lost to corruption
Kenya aims to cut external, fiscal deficits
Kenya’s economy is expected to grow 6.1 per cent in 2016 and the government wants to trim ballooning budget and current account deficits to steady the economy, finance minister has said.
By Duncan Miriri 8 years ago
Kenya aims to cut external, fiscal deficits
Kenya’s coastal resorts see signs of tourism picking up
Kenya’s coastal resorts have seen a rise in bookings by western visitors, suggesting a tourist industry devastated by terror attacks may be starting to recover, tourism executives have said.
By Duncan Miriri 9 years ago
Kenya’s coastal resorts see signs of tourism picking up
Kenya Airways may need Sh60 billion bailout, says Treasury CS Rotich
Loss-making Kenya Airways, which has been hit by a slump in tourism in the African country, may require Sh60.6 billion ($500-600 million) bailout, Henry Rotich, Finance Cabinet Secretary has said.
By Duncan Miriri 9 years ago
Kenya Airways may need Sh60 billion bailout, says Treasury CS Rotich
Equity eyes expansion, extends CEO contract
The bank’s CEO James Mwangi had his contract extended last month to steer the planned entry into 10 more African countries
By Duncan Miriri 9 years ago
Equity eyes expansion, extends CEO contract
Kenya Airways to sell assets, seeks loan to beat cash crunch
Kenya Airways will sell some older planes and land and is negotiating a bridging loan to help it through a cash crunch caused by a drop in passenger numbers, its chief executive said on Friday.
By Duncan Miriri 9 years ago
Kenya Airways to sell assets, seeks loan to beat cash crunch
Safaricom could get extra spectrum in State deal
Safaricom, Kenya’s largest telecoms operator, could gain vital additional spectrum to help improve its services as a spin-off benefit from a multi-million dollar government contract to build a security and surveillance system, its chief executive said.
By By Duncan Miriri 10 years ago
Safaricom could get extra spectrum in State deal
Nairobi bourse gears up to sell 38pc stake
The Nairobi Securities Exchange (NSE) will sell up to a 38 per cent stake in an Initial Public Offer (IPO) by the end of next month to raise funds for new products and enhance transparency, its chief executive said.
By Duncan Miriri 10 years ago
Nairobi bourse gears up to sell 38pc stake
Stop Tana River clashes, government urged
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