NAIROBI, Kenya, Sept 27 - The Government of South Sudan has received $90M loan from the Africa Export and Import Bank, commonly known as Afreximbank, to support the country’s 2018/19 budget. The 2-year trade finance facility will be repaid from the
Month: September 2018
Kenya and the UN sign deal to deliver 100,000 affordable housing units
New York, USA, Sept 27 - President Uhuru Kenyatta on Wednesday morning witnessed the signing of a deal to deliver 100,000 affordable housing units. The project will be financed through a partnership between the Kenya Government and the United Nations
Hyatt Hotels to open two affiliate properties in Kenya
NAIROBI, Kenya, Sept 26 - Hyatt Hotels has announced its first branded hotels in Kenya in partnership with Kanha limited. Hyatt Place Westlands and Hyatt House Westlands will comprise 233 guestrooms in total and are both expected to open in early
Capital Markets, KBA sign research and policy partnership agreement
NAIROBI, Kenya, Sept 26 - The Capital Markets Authority (CMA) and the Kenya Bankers Association (KBA) have signed a Memorandum of Understanding that sets the stage for closer collaboration between the two organizations in the areas of research, data
Nigeria adopts softer tone on MTN
Abuja, Nigeria, Sept 26 - Nigeria appears to have taken a softer stance on Africa's leading mobile operator MTN, assuring stakeholders that a dispute over the repatriation of $8.13 in dividends will be "resolved". Talking to reporters in Abuja following
CA warns Kenyans about fake online shops and how to identify one
NAIROBI, Kenya, Sept 26 - The Communications Authority of Kenya has warned consumers to be careful when shopping online following reports of suspicious and fraudulent online stores. The Authority has singled out various websites and mobile applications
Sh11b logistics hub set up along Nairobi’s Eastern bypass
NAIROBI, Kenya, Sept 26 – A Sh11 billion industrial and logistics hub has been launched off the Eastern bypass in Nairobi. The 103-acre Nairobi Gate Industrial Park is a joint venture between Improvon Group – a logistics and warehouse property specialist,
Inflation to rise on fuel VAT but food prices to remain stable- CBK
NAIROBI, Kenya, Sep 26 - The Central Bank of Kenya expects overall inflation to rise following the implementation of VAT on petroleum products accompanied by an increase in international oil prices. The Bank’s Monetary Policy Committee, however, projects
Safaricom responsible business approach recognised by UN
New-York, US, Sept 25 - Safaricom has been recognised as a Global Compact LEAD company for its ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business. Announced at UN Headquarters in New York during the
Kenya Airways opens Euro account for payments
NAIROBI, Kenya, Sept 25 - Kenya Airways has opened a Euro Account to offer guests more payment options at its sales outlets in Kenya. Kenya Airways Group Managing Director Sebastian Mikosz has said the increasing number of EU multinational corporations
