Kenya wins $941 million IMF loan boost, easing financial pressures
By Kanjyik Ghosh (Reuters) – The International Monetary Fund (IMF) on Wednesday approved a $941 million lending boost to Kenya, with an immediate disbursement of …
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Kenya inflation slows slightly to 6.6% year on year in December
NAIROBI (Reuters) – Kenya’s inflation slowed slightly to 6.6% year on year in December, down from 6.8% in November, the statistics office said on Friday. …
Kenya could lose up to 7.25% of GDP to climate change, World Bank says
By Duncan Miriri NAIROBI (Reuters) – Kenya could lose up to 7.25% of economic output by 2050 if it does not take strong action to …
Kenya private sector activity contracts in September – PMI
NAIROBI (Reuters) – Private sector activity in Kenya contracted in September as rising fuel prices hurt business right across the manufacturing, services, wholesale, retail and …
‘Tightrope’ debt situation not unique to Kenya, finance minister says
NAIROBI (Reuters) – Kenya’s struggle with a heavy debt load and pressure on its hard currency reserves is not unique since other nations are facing …
Bahamas promises to join Kenya in security force in Haiti as support grows
(Reuters) -The Bahamian government on Tuesday welcomed Kenya’s decision to lead a multinational force in Haiti and committed 150 people to support the effort if …
Venezuelan diplomat jailed in Kenya for 20 years for envoy’s murder
NAIROBI (Reuters) – A Kenyan court on Friday sentenced a former top Venezuelan diplomat to 20 years in jail over the 2012 murder of the …
Kenya opposition calls for third anti-tax protest on July 19
NAIROBI (Reuters) -Kenya’s opposition on Thursday called for a third day of demonstrations against tax hikes on July 19, after previous protests saw several of …
Kenya to delay re-opening Somali border over “wave of attacks”
NAIROBI (Reuters) – Kenya will delay re-opening its border with Somalia because of a “wave of attacks” it blames on al Qaeda-linked al Shabaab militants, …
World Bank approves $1 billion loan to Kenya
NAIROBI (Reuters) – The World Bank said on Tuesday it approved a $1 billion loan to Kenya to support its budget as East Africa’s economic …
Kenya and Russia to sign trade pact, President Ruto says
NAIROBI (Reuters) – Kenya will sign a trade pact with Russia aimed at boosting cooperation between businesses, President William Ruto’s office said on Monday, after …
IMF staff, Kenya reach agreement on over $1 billion of new financing
By George Obulutsa NAIROBI (Reuters) – International Monetary Fund staff and Kenya have reached an agreement that could unlock more than $1 billion of new …
Kenya private sector activity falls in April – PMI
NAIROBI (Reuters) – Kenya’s private sector activity fell in April as both the manufacturing and services sectors slowed, with inflation and political unrest leading to …
Head of regional force tackling east Congo violence resigns, Kenya denies
GOMA (Reuters) -The Kenyan commander of a regional force set up to tackle militia violence in eastern Democratic Republic of Congo said he had resigned …
Central Bank of Kenya to hike rate 25 bps to 9.00%- Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – The Central Bank of Kenya (CBK) will raise its key policy interest rate by 25 basis points to 9.00% …
Kenya tweaks 2022/23 spending, deficit estimates in supplementary budget
NAIROBI (Reuters) – Kenya’s finance ministry has tweaked its spending and budget deficit estimates for the current fiscal year that ends in June to show …
Meta can be sued in Kenya by ex-content moderator, the country’s court rules
NAIROBI (Reuters) – A labour court in Kenya ruled on Monday that Meta, the parent company of Facebook, can be sued in the East African …
Kenya private sector activity jumps in January – PMI
NAIROBI (Reuters) – Kenya’s private sector activity rose for a third consecutive month in January, helped by improved business in agriculture, manufacturing, services and wholesale …
Kenya inflation to fall back within target in Q1 -cenbank governor
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Kenya’s central bank expects inflation to fall within its target range during the first …
Parts shortages impact Kenya Airways, cause flight disruptions
NAIROBI (Reuters) -Kenya Airways is experiencing flight disruptions due to delays in securing aircraft components required for maintenance, the carrier said late on Monday. The …
Kenya will not default on its debt payments -President Ruto
NAIROBI (Reuters) – Kenya will not default on its debt and plans to ramp up tax collection in the next two years, President William Ruto …
Kenya private sector activity rises in December -PMI
NAIROBI (Reuters) – Kenya’s private sector activity picked up for a second month in a row in December, helped by easing inflation, increased demand and …
Dulles CBP Picks Bones from Kenya Traveler Bags
STERLING, Va. – There’s nothing funny about the bones that U.S. Customs and Border Protection agriculture specialists recently discovered in the baggage of a Virginia …
Kenya private sector activity rises in November – PMI
NAIROBI (Reuters) – Kenya’s private sector activity rose in November after falling a month earlier, helped by improved output in the agriculture and construction sectors, …
Kenya won’t borrow at more than 10% interest: President Ruto
NAIROBI (Reuters) -Kenya’s government will no longer borrow any money at interest rates of more than 10%, President William Ruto said on Friday, adding that …
Kenya in talks for World Bank support loan
NAIROBI (Reuters) – Kenya is in talks with the World Bank for a budget support loan, sources said on Friday, as the new government of …
Kenya Airways pilots to start strike on Nov. 5, union says
NAIROBI (Reuters) – Kenya Airways PLC’s pilots will begin a strike on Nov. 5, their union said on Friday, adding that a 14-day notice on …
Abducted paramedics, driver and patient freed in Kenya
NAIROBI (Reuters) – Two paramedics, their driver and a patient who were abducted earlier this week in Kenya’s north-east have been freed, a local administrator said …
Kenya private sector activity drops for fifth straight month in August -PMI
NAIROBI (Reuters) – Kenyan private sector activity contracted for the fifth consecutive month in August amid a broader slowdown as the country held elections, a …
Kenya President-elect Ruto says electoral commission officials are heroes
NAIROBI – Kenya’s President-elect William Ruto said on Monday that the electoral commission officials were heroes minutes after he was declared winner of a presidential …
Kenya election commission head: deputy pres Ruto wins presidency vote
NAIROBI – Deputy President William Ruto has won Kenya’s presidential vote, the election commission said on Monday, declaring him the new leader of the region’s …
U.S. doesn’t rule out more comprehensive trade negotiations with Kenya -official
By Andrea Shalal (Reuters) – The United States has not ruled out more comprehensive trade negotiations with Kenya after launching a strategic trade and investment …
Kenya presidential contenders pick rights champion, political campaigner as running mates
By George Obulutsa and Duncan Miriri NAIROBI – Kenya’s top two presidential candidates have announced their running mates, with veteran contender Raila Odinga opting for …
USTR to lead delegation to Kenya to explore trade, investment
WASHINGTON -Assistant United States Trade Representative (USTR) for African Affairs Constance Hamilton will lead a delegation to Kenya on May 1 to explore opportunities for …
IMF says staff, Kenya reach agreement on loan review, $244 million disbursement
WASHINGTON – The International Monetary Fund said on Monday that its staff reached an agreement with Kenyan authorities on policies to complete the third review …
Kenya to deport Rubis CEO amid fuel crisis – local media
NAIROBI – Kenya plans to deport the CEO of fuel storage and distribution company Rubis Energy Kenya over a fuel crisis, The Daily Nation newspaper …