Tag Archives: Kenya

NAIROBI, KENYA | Xinhua | Bond trading at the Nairobi Securities Exchange (NSE) has hit a record high, boosted by foreign investors seeking to cash in as yields on the securities rise. NSE data released Thursday evening showed that the bond turnover has been on an upward trajectory since Monday …

NAIROBI, KENYA | Xinhua | Kenya said Wednesday it has commenced rolling out tax incentives for foreign investors who set up establishments worth more than 10 billion shillings (about 65.5 million U.S. dollars). Abubakar Hassan, the principal secretary in the Ministry of Investments, Trade and Industry, told a trade forum …

NAIROBI | Xinhua |  Kenya raised a record 240.9 billion shillings (about 1.55 billion U.S. dollars) in its first infrastructure bond offer this year, said the Central Bank of Kenya (CBK) Wednesday evening, underlining increased investor confidence in the country’s debt market. The East African nation on Jan. 25 floated …

Kabalagala, Uganda | THE INDEPENDENT |  Police has announced that it has dismissed with disgrace four police officers attached to Kabalagala police station. This even  before they are charged with aggravated robbery, after they turned against a businessman, who allegedly had in their possession $30,000 and wanted to exchange it into …

DAR ES SALAAM, TAZANIA | Xinhua | Tanzanian aviation authorities on Tuesday lifted a ban on Kenya Airways flights to the country’s commercial hub of Dar es Salaam effective from Jan. 22 after Kenya had heeded its demands. The Tanzania Civil Aviation Authority (TCAA) has withdrawn its decision of Jan. …

NAIROBI, KENYA | Xinhua | Kenya has more than doubled its power imports from neighboring countries amid increased demand, the national bureau said in a new economic report released on Friday. The Kenya National Bureau of Statistics (KNBS) said the country imported 706.9 million kWh of electricity from Ethiopia and …

Moroto, Uganda | THE INDEPENDENT | Leaders from Karamoja and Turkana of Kenya are advocating for peaceful coexistence and unity among the Ateker communities. This comes at a time when security forces are implementing President Museveni’s executive order number 3, to flash out all the Turkana pastoralists grazing in the Karamoja …

  NAIROBI, KENYA | Xinhua | Interest rates on Kenya’s government securities have closed 2023 at a historic high, putting the country in a tough position as it seeks to ramp up borrowing to fund a budget deficit. The Central Bank of Kenya (CBK) said in its data released Friday …

NAIROBI, KENYA | Xinhua | Kenya’s economy grew 5 percent in 2023, up from 4.8 percent in 2022 despite continued challenges, the World Bank said in a report released recentlyy. According to the World Bank’s 28th edition of Kenya Economic Update (KEU), the improved growth was buoyed by a strong …

NAIROBI, KENYA | Xinhua | Kenyan President William Ruto on Friday launched construction of the Riruta-Ngong Commuter Rail line that aims to ease traffic congestion in the capital city of Nairobi. Ruto said that the 12.5-km meter gauge railway line, to be constructed by China Road and Bridge Corporation (CRBC) …