Tag "IMF"

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Afternoon business highlights – March 8, 2018

Kenya asks IMF for 6-month extension on $1.5 billion standby loan Kenya has asked the International Monetary Fund (IMF) to extend its $1.5 billion standby credit facility that is expiring

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Business highlights – February 21, 2018

Decongestion of Nairobi CBD delayed as government fails to pay contractors The government’s failure to pay contractors is causing a delay in the relocation of a bus termini from Nairobi’s

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Afternoon business highlights – February 12, 2018

Kenafric makes foray into Ethiopian market Kenafric Industries has become one of the first Kenyan companies to break into the Ethiopian market with a Ksh500 million (USD$5 million) investment in a biscuit

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Afternoon business highlights – December 1, 2017

November inflation hits a 4 year low due to better weather conditions – KNBS Kenya’s inflation rate has dropped further to 4.73% for the month of November compared to 5.72% 

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Business highlights – November 22, 2017

Central Bank gets green light to open tender documents for printing of new design currency The Central Bank of Kenya (CBK) can now open the tender bids for the printing

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Business highlights-May 26 2017 Armyworm invasion to cause upsurge in maize production costs

Armyworm invasion to cause upsurge in maize production costs The cost of producing maize is expected to rise significantly as armyworms continue ravaging the crop across the country. So far,

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Business highlights-April 21 2017 Kenya hit by jobs slowdown for the first time in 4 years

Kenya hit by jobs slowdown for the first time in 4 years The Kenyan economy lost its job creation momentum for the first time in four years, even as large

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Business highlights – Drought and lending rate cap pose bigger risk to the economy than August elections, experts say

Counties to pay for new doctors’, nurses’ salaries, says Treasury CS Henry Rotich National government will only pay for any salary increments awarded to doctors and nurses for six months Each

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Taxpayers to suffer more as government secretly plans to borrow Sh83.2 billion to repay existing loans

  Taxpayers are likely to foot a fresh new bill as the government plans to borrow $800 million (Sh83.2 billion) to pay its existing debts, opposition leader, Raila Odinga has

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IMF wants state to abolish the law on capping interest saying the law signed by President Kenyatta will weigh down economic growth

The International Monetary Fund (IMF) has urged Kenya’s government to abolish the new law which capped interest rates at 14.5 %. The international lender says the law, which was signed

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