Central Bank of Kenya buys dollars to slow down strengthening of the shilling against hard currencies
The government also sold a 70 billion shilling infrastructure bond, receiving over 288 billion shillings of bids, a 412 per cent subscription rate, with strong offshore investor participation. The Kenyan shilling extended gains on Wednesday, hitting its strongest in more than three months as confidence the government would pay off a Eurobond maturing in June buoyed investor appetite.
Japan’s unexpected slip into recession elevates Germany to world’s third biggest economy
While many analysts still expect the Bank of Japan to phase out its massive monetary stimulus this year, the weak data may cast doubt on its forecast that rising wages will underpin consumption and keep inflation durably around its 2 per cent target.
Long orphaned, sorghum farming makes grand return to western Kenya as indigenous crops reclaim niche
Sorghum is Africa’s second most important cereal because it is the primary source of daily calories for approximately 300 million people. However, the crop had vanished from Kenyan farms as a result of large-scale maize farming in areas that traditionally grew sorghum and its ‘sister’ crop, millet.
Commecial fish farming becomes key investment area as blue economy takes root in rural Kenya
County industrialisation and trade executive Kassim Were says successful implementation of the programme that targets 7,000 fish ponds that will supply five tonnes of fish per day will further diversify the local economy that hitherto depends on sugarcane, maize and dairy farming. However, continued subdivision of agricultural land into smallholdings has rendered available land for farming uneconomical for commercial production of the two crops and livestock keeping, hence the steep decline in output.
Mission possible: Prince Harry upbraids British media as he lays bare ‘Mirror’ unethical news gathering
Britain’s Prince Harry said on Friday his mission to purge the press would continue “through to the end” after he accepted substantial damages to settle his case against Mirror Group Newspapers. He also delivered another broadside against former editor Piers Morgan. In December, the High Court in London ruled that...
Withdrawal of membership by four West African states makes ECOWAS bloc a house of cards
The juntas appear to be donning the mantle of Thomas Sankara. The revered former president of Burkina Faso, who seized power himself, is seen as a hero for his opposition to corrupt elites and French influence, his modesty and principles, and his concern for the ordinary Burkinabe.
Unhappy Kenya media giants preparing to take government to court over advertising revenue
The Daily Nation, the Standard, and Mediamax’s People Daily, which had previously co-distributed MyGov, all bid for the new contract, quoting prices between two to three times higher, according to a government source.
Lifestyle: US beef industry woos 2.4 million teachers in drive to paint eating meat as socially and environmentally cool
The beef industry “knows it has a trust issue,” says Jennifer Jacquet, a professor of environmental science and policy at the University of Miami. The industry is attempting to influence public opinion by starting with children, says Jan Dutkiewicz at the Pratt Institute’s Department of Social Science and Cultural Studies.
Central bank boss admits exchange rate overshot equilibrium but sure Kenya will repay $2b bond
Kenya has received disbursements totalling just over $1 billion in the last two months and expects to get another $1.5 billion from the World Bank between March and May, he said.
Judge in Trump records fiddling case wants answers following reports key witness may plead guilty to perjury
In an email posted to the trial docket on Tuesday, Judge Arthur Engoron asked lawyers in the case to provide him with a letter “detailing anything you know” about the situation involving Allen Weisselberg, the former longtime finance chief at Trump’s company, the Trump Organization.
