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Kenya , Sunday 05 April 2020

News Kenya Finance: Kenya says to start free trade talks with U.S. next week

Published on: Thursday 30 January 2020
Kenya says to start free trade talks with U.S. next week
News source: https://sg.finance.yahoo.com/news/kenya-says-start-free-trade-133612418.html

Kenya will start talks with the United States next week on a potential free trade deal, the presidency said, ahead of the expiry of a deal which offers preferential terms to select African exports into the United States. Kyle McCarter, the U.S. ambassador to Kenya, said he expected a "win win"

News Kenya Finance: Kenya Central Bank Follows South Africa With a Surprise Cut

Published on: Monday 27 January 2020
Kenya Central Bank Follows South Africa With a Surprise Cut
News source: https://finance.yahoo.com/news/kenya-central-bank-follows-south-154101461.html

(Bloomberg) -- Sign up to our Next Africa newsletter and follow Bloomberg Africa on TwitterKenya’s central bank joined its South African counterpart by unexpectedly cutting interest rates, citing well-anchored inflation expectations and an economy that’s operating below its potential.The monetary policy

News Kenya Finance: What needs to happen for better cancer prevention and control in Kenya

Published on: Sunday 02 February 2020
What needs to happen for better cancer prevention and control in Kenya
News source: http://theconversation.com/what-needs-to-happen-for-better-cancer-prevention-and-control-in-kenya-130966

In addition to this, Kenya’s physical activity and nutrition policies for the prevention of cancer ... For example, raising taxes and enforcing advertising bans or restrictions on tobacco and alcohol ...

News Kenya Finance: Kenya to ditch wide fiscal deficits, finance minister says

Published on: Tuesday 14 January 2020
Kenya to ditch wide fiscal deficits, finance minister says
News source: https://www.nasdaq.com/articles/kenya-to-ditch-wide-fiscal-deficits-finance-minister-says-2020-01-15

Kenya will no longer set wide budget deficits and will focus on raising funds through revenue collection and minimal borrowing, the finance minister said on Wednesday. NAIROBI, Jan 15 (Reuters) - ...

News Kenya Finance: Amid Kenya Power Struggle, IMF Says Investment Program in Crisis

Published on: Thursday 16 January 2020
Amid Kenya Power Struggle, IMF Says Investment Program in Crisis
News source: https://www.voanews.com/africa/amid-kenya-power-struggle-imf-says-investment-program-crisis

Hundreds of mismanaged infrastructure projects have stalled in Kenya and it will cost around $10 billion to revive them, the IMF said in a report whose findings point to a growing power struggle at the heart of government. Amid mounting public anger over ballooning state debt and a series of graft scandals, President Uhuru Kenyatta on Tuesday confirmed acting finance minister Ukur Yatani in the post after its previous incumbent, Henry Rotich, was charged with financial misconduct — an accusation he denies. The government has acknowledged that some past investment projects did not pass muster

News Kenya Finance: FACTBOX-Debt-laden Kenya draws up new policy to curb its borrowing

Published on: Thursday 14 November 2019
FACTBOX-Debt-laden Kenya draws up new policy to curb its borrowing
News source: https://www.nasdaq.com/articles/factbox-debt-laden-kenya-draws-up-new-policy-to-curb-its-borrowing-2019-11-15

Kenya's finance ministry wants to manage the public debt better by officially coordinating its borrowing plans with the central bank, the government said in a draft debt policy published for public comment this week.

News Kenya Finance: Kenya scraps its bank lending cap and grants the IMF its wish

Published on: Tuesday 12 November 2019
Kenya scraps its bank lending cap and grants the IMF its wish
News source: https://www.cnbc.com/2019/11/12/kenya-scraps-its-bank-lending-cap-and-grants-the-imf-its-wish.html

Parliament last week failed to secure the two-thirds majority required to force through the Finance Bill 2019 with the limit intact, after President Uhuru Kenyatta refused its assent. Kenyatta's ...

News Kenya Finance: Mitigation Finance Update: Every Project Counts to Help Achieve SDGs 7, 13

Published on: Thursday 10 October 2019
Mitigation Finance Update: Every Project Counts to Help Achieve SDGs 7, 13
News source: https://sdg.iisd.org/news/mitigation-finance-update-every-project-counts-to-help-achieve-sdgs-7-13/

The European Bank for Reconstruction and Development approved EUR 300 million in funding to extend Kazakhstan’s Renewables Framework. The New Development Bank approved a USD 300 million loan for renewable energy in Russia. The UK pledged USD 250 million to the Climate Investment Funds’ Global Energy Storage Program. France and the Netherlands pledged USD 100 million to the Solar Risk Mitigation Initiative supporting Sub-Saharan African countries. The European Investment Bank provided over USD 200 million for renewable energy projects in Kenya, Brazil and Italy.

News Kenya Finance: Kenya: Hope for Turkana Oil Project As Kenya Signs $3 Billion Financing Deal

Published on: Wednesday 09 October 2019
Kenya: Hope for Turkana Oil Project As Kenya Signs $3 Billion Financing Deal
News source: https://allafrica.com/stories/201910090663.html

Kenya has signed an agreement with oil multinationals that is intended to attract up to Ksh308.4 billion ($3 billion) financing for development of its Turkana petroleum deposits, potentially placing the country ahead of Uganda in the race to the market.

News Kenya Finance: Alarm over Kenya thermal power use

Published on: Tuesday 08 October 2019
Alarm over Kenya thermal power use
News source: https://www.standardmedia.co.ke/business/article/2001344896/alarm-over-kenya-thermal-power-use

[File, Standard] Kenya has been urged to increase investment in reliable electricity connections to cut down on the use of diesel and petrol generators. The International Finance Corporation (IFC) in ...

News Kenya Finance: Kenya risks sanctions on cash handling rules

Published on: Tuesday 01 October 2019
Kenya risks sanctions on cash handling rules
News source: https://www.standardmedia.co.ke/article/2001344037/kenya-risks-sanctions-on-cash-handling-rules

Last month, the National Assembly Speaker expunged clauses 50 and 51 of the Finance Bill, saying they did not comply with the Constitution and that the right procedure had not been followed. The FRC ...

News Kenya Finance: Kenya: City Hall Plans to Raise Parking Fees to Sh400

Published on: Wednesday 17 July 2019
Kenya: City Hall Plans to Raise Parking Fees to Sh400
News source: https://allafrica.com/stories/201907180382.html

The plan was however shot down by MCAs who capped it at Sh200. Nairobi County Finance and Economic Planning Executive Mr Charles Kerich said the new charges are part of a raft of measures that the ...

News Kenya Finance: Governor Muriithi to appoint new finance boss

Published on: Monday 15 July 2019
Governor Muriithi to appoint new finance boss
News source: https://www.standardmedia.co.ke/article/2001333989/governor-muriithi-to-appoint-new-finance-boss

The ousted Laikipia County CEC member for Finance Murungi Ndai (left) and Governor Ndiritu Muriithi inspecting a road in Nyahururu. [Christine Gatuka/Mt Kenya Star] Laikipia MCAs have ousted County ...

News Kenya Finance: Finance Forum Brings African WIP Into Focus at Durban FilmMart

Published on: Wednesday 17 July 2019
Finance Forum Brings African WIP Into Focus at Durban FilmMart
News source: https://variety.com/2019/film/festivals/finance-forum-brings-african-wip-focus-durban-filmmart-1203269974/

Recent editions of the Finance Forum have helped launch the festival careers of films like Un Certain Regard selection “Rafiki,” by Kenya’s Wanuri Kahiu; “Amal,” Mohamed Siam’s ...

News Kenya Finance: Kenya: Boost for Blue Economy As President Kenyatta Commissions Bandari Maritime Academy

Published on: Monday 08 July 2019
Kenya: Boost for Blue Economy As President Kenyatta Commissions Bandari Maritime Academy
News source: https://allafrica.com/stories/201907080764.html

Kenya's efforts to position the blue economy sector as a key driver of the country's transformation today received a major boost with the commissioning of the Bandari Maritime Academy in Mombasa County.

News Kenya Finance: Kenya: Collymore's Death Dashes Safaricom's Plan to Name New CEO

Published on: Sunday 07 July 2019
Kenya: Collymore's Death Dashes Safaricom's Plan to Name New CEO
News source: https://allafrica.com/stories/201907080048.html

Safaricom had already settled on an outsider to replace the late Bob Collymore as its next chief executive officer and was preparing to make the announcement but the plan was scuttled by the Mr Collymore's sudden death.

News Kenya Finance: Kenya Among 38 Nations Pledging $152mn for Sustainable Urbanisation

Published on: Thursday 30 May 2019
Kenya Among 38 Nations Pledging $152mn for Sustainable Urbanisation
News source: https://allafrica.com/stories/201905310032.html

Kenya, Egypt, South Africa, Nigeria, Gambia, Morocco, Senegal and Malawi are among governments that have committed to finance the plan which seeks to upscale the realisation of Sustainable ...

News Kenya Finance: Kenya engages World Bank for Sh75 billion loan for budget support

Published on: Monday 27 May 2019
Kenya engages World Bank for Sh75 billion loan for budget support
News source: https://www.standardmedia.co.ke/business/article/2001327492/government-wants-sh75-billion-loan-from-world-bank

Officials at the ministry of finance did not immediately respond to Reuters’ request for comments. Kenya raised Sh 210 billion ($2.1 billion) in a sovereign bond this month, but some critics have ...