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Tea Sellers Help Firm Up the Kenyan Shilling Against the U.S. Dollar
The Kenyan shilling firmed slightly against the dollar on Thursday, helped by tea sector players selling greenbacks, and traders said they expected further support from central bank action to mop up more liquidity.
Central Bank of Kenya Raises Benchmark Lending Rate By 4 Percentage Points
The Central Bank of Kenya has announced the raising of its benchmark lending rate by 4 percentage points to 11per cent in a bid to stabilize a weakened shilling.
Kenya to Consider Sourcing Anti-Retroviral Drugs From Uganda
Kenya said on Monday it might consider sourcing Anti-Retroviral Drugs (ARV’s) from neighboring Uganda after the country opened a multi-million dollar Anti-retroviral producing facility in Kampala. Visiting Kenyan Vice President, Kalonzo Musyoka visited...
Kenya Urges Italy to Help Mobilize Support for Somalia
President Mwai Kibaki of Kenya, has urged the Italian government to lobby other group members of the International Contact Group (ICG) on Somalia to help stabilize the security situation in the horn of Africa nation. Speaking Thursday at his office in...
Kenya Welcomes China’s Assistance in Development of Second Port
President Mwai Kibaki of Kenya has welcomed the commitment that the Government of the People’s Republic of China has shown in the development of a second port at Lamu near the coastal city of Mombasa. At a meeting with visiting Chinese Foreign Affairs...
World Bank Says Future Funding to Kenya Will be Pegged to Good Governance
The World Bank disclosed on Wednesday that future funding to Kenya will be pegged on compliance to the tenets of good governance and urged the government to get rid of persistent high levels of corruption. Visiting World Bank, Vice President for Africa...
Concerns Raised As the Ugandan Shilling Appreciates in Relation to the US Dollar
The Ugandan shilling has appreciated in relation to the US dollar, raising concerns amongst exporters. Up to early October, the exchange rate stood at 2100 shilling per 1 dollar but the shilling has over the last one week appreciated and currently stands...
Fourth Kenya International Film Festival Underway in Nairobi
The 4th Kenya International Film Festival is currently underway in the Kenyan capital, Nairobi with the event drawing participants from across the world.
