Thursday, November 14, 2019
Tags Posts tagged with "Economy"

Tag: Economy

World Bank in fresh warning as Kenya’s debt hits Sh3.8 trn

In Summary World Bank says borrowing to finance infrastructure projects should be balanced with the dire risks of overborrowing. Kenya has in the past...

Uhuru calls for more intra-Africa trade

President Uhuru Kenyatta yesterday urged governments to enhance intra-Africa trade through easing business conditions in order to lure investments and better lives. He said this...

Bob Diamond’s interest in Barclays Africa confirmed

Former Barclays chief executive Bob Diamond is part of a consortium that is preparing to bid for the bank’s African operations, it has been...

Kenya’s presidency ‘defies’ austerity orders

The cash demand suggests President Uhuru Kenyatta and his deputy William Ruto have defied austerity orders issued by the National Treasury to cut down...

Coast hotels lay off 10,000 workers over low tourist season

More than 10,000 workers at the Coast have been sent home following the closure of some hotels due to low tourist season. At least 40...

Safaricom to manage Kenya Power’s fibre-optic network

Kenya Power is angling to connect 12,000 homes in Nairobi to the Internet through its fibre-optic network in a 12-month pilot stage that has...

Africa and Britain sign new deal to boost trade

UK Export Finance, the British export credit agency on Tuesday signed a deal with the African Trade Insurance (ATI), which will see the latter...

Appetite for Chinese loans risks choking Kenyan economy

The growing appetite for Chinese loans saw Kenyan taxpayers fork out a staggering Sh4 billion as repayment for loans in the six months to...

European Union trade deal is bad for Kenya, warns UN report

NAIROBI: Kenya risks killing its own industries through an agreement entered with the European Union (EU), a UN agency has warned. The Economic Commission...

From all sides, Africa’s rise has slowed

When Tony Blair called Africa "a scar on the conscience of the world", many analysts rushed to criticise his remarks. Blair and other afro-pessimists were...