Kenyan lender KCB Group nine-month profit rises to $445 million from $314.7 million
It said loan-loss provisions rose to 17.78 billion shillings from 15.85 billion shillings in the year-ago period.
Indian billionaire Adani, who’s won porky tenders in Kenya, charged in US for defrauding investors
Th Adani Group is currently facing fraud charges in Kenyan court after it was controversially awarded a slew of porky tenders for upgrade of the East African country’s main airport, power generation and distribution and health insurance.
Senior government says Kenya looking for fresh $750m from World Bank, $200m from AfDB
Raphael Owino, the director general of the Finance Ministry’s public debt management office, said the IMF’s October approval of the seventh and eigth reviews, which paved the way for a $606 million loan
Kenya eyes budget deficit of less than 3.8 per cent of gross domestic product in next fiscal year
The fiscal target for the next year will be lower than the 4.3 per cent of GDP in this financial year. The government was forced to raise the budget deficit for this year after deadly protests that forced President William Ruto to abandon proposed tax hikes.
Kenyan president’s key American ‘saleswoman’, Ambassador Meg Whitman, quits to signal imminent hard times for Nairobi
Former US Ambassador to Kenya Smith Hempstone (1989-1993) was a darling of the opposition due to his open and strong support, both materially and politically, to the democratic movements at the time in Kenya.
To some Kenyans, Raila has already lost AUC chairmanship before a vote is cast but numbers tell a different story
Early indications are Raila is going to have roller-coaster. I would not be surprised if the Djiboutian pulled out of the race and supported Raila. The odds are against him and he is aware of the sheer force of numbers the Kenyan candidate commands.
Nairobi’s vehicles with modified with ramps and swivel seats are a relief for disabled commuters
Users can book rides through the Ace Mobility app. Drivers are trained as caregivers, ensuring they understand how to provide respectful and appropriate assistance to passengers with disabilities.
Kenya Evans Chebet peeped seconds to finish line by Dutch Nageeye in New York City Marathon
Tamirat Tola, the men’s defending champion and Paris Olympic gold medallist, finished fourth, right behind Albert Korir.
Kenyans sweep women’s podium at New York City Marathon as men are outrun by Dutchman
On the women’s side, Shila Chepkirui ran a technical, flawless race, hanging in with the lead pack from the start and denying defending champion Hellen Obiri in a gritty final mile to collect her first major title.
Western envoys in Nairobi voice concerns over rising femicide, enforced disappearances in Kenya
Kenya was among several African countries elected to the UN human rights council on October 9.
