Kenyan bank shares plunged for a second day on Friday after President Uhuru Kenyatta sought to boost the economy by capping lending rates and analysts said his attempt to encourage lending may prove counterproductive.
East & Horn Africa
- Friday, 26 August 2016 14:24
- Duncan Miriri, additional reporting by Neha Wadekar
- Thursday, 25 August 2016 14:41
- Olusegun Obasanjo, Ricardo Lagos, Ruth Dreifuss - Former Presidents of Nigeria, Chile and Switzerland
Drug trafficking and the black market are, to a large extent, a direct consequence of the international drug control system and the national laws that are derived therefrom.
- Wednesday, 24 August 2016 13:48
Kenya's President Uhuru Kenyatta signed into law on Wednesday a bill capping commercial bank lending rates, saying banks had in the past failed to live up to pledges to lower their rates when parliament tried to introduce caps.
- Wednesday, 24 August 2016 13:24
- Oludare Mayowa
Investors sold shares in Nigerian banks on Wednesday, a day after the central bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government.
- Wednesday, 24 August 2016 12:12
- George Obulutsa
Kenya has finalised an agreement with oil explorer Tullow Oil and its partners Africa Oil and A.P. Moller-Maersk for the development of a crude oil pipeline, as it bids to become an oil exporter, the president's office said.
- Wednesday, 24 August 2016 10:00
- Ali Abdelaty
South Sudan opposition leader, Riek Machar, is in Khartoum for medical treatment, Sudan's Information Minister Ahmed Bilal Osman told the state news agency SUNA on Tuesday.