Kenya's commercial banks may stop extending loans to borrowers deemed higher risk after the government capped commercial lending rates and the central bank cut the benchmark interest rate, the central bank governor said Wednesday.
East & Horn Africa
- Wednesday, 21 September 2016 11:04
- Wednesday, 14 September 2016 10:43
- By Honoré Banda in Nairobi and Mark Anderson
Buffeted by the high cost of borrowing and some strategic missteps, Kenyan infrastructure company and cable manufacturer TransCentury is in the midst of a crisis.
- Thursday, 08 September 2016 13:53
South Sudan opposition leader Riek Machar should not return to Juba and resume his post as vice-president of the country, the US special envoy to the country has said.
- Wednesday, 07 September 2016 10:41
- Neil Ford
It is tempting to see the oil price crash as denting hopes for economic growth, especially for energy exporters. But for gas producers, there may be a silver lining, with lower prices creating an opportunity to use natural gas for power generation and other projects. The future of Southern Africa’s gas market, for example, could lie along a 2,600km pipeline linking the gas fields of Mozambique to South Africa’s Gauteng Province. The African Renaissance Gas Pipeline (ARGP) is the biggest planned gas project on the continent and is set to link Mozambique’s 180 trillion cubic feet (tcf) of re serves with consumers at home and in South Africa.
- Monday, 05 September 2016 13:09
Kenya on Saturday inaugurated the first part of a new container terminal at Mombasa which is expected to boost by 50% the volume of cargo handled by East Africa's largest seaport.
- Friday, 02 September 2016 14:45
- Mark Anderson
Facebook's chief executive officer Mark Zuckerberg is wrapping up his first trip to sub-Saharan Africa.