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Fri,24Nov2017

Kenya

Kenya's purple shoots of progress

rsz purple tea

As a drought wreaks havoc on agricultural output across the country, Kenya is trying to boost production of drought-resistant crops like purple tea.

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Kenya's hate-speech test

Curio (right) and Odinga (left) at the ‘hate speech lunch’. Photo©All Rights ReservedMP's incendiary statements have put Kenya's new laws in the dock as the threat of a repeat of the electoral violence that followed the contested 2007 presidential polls looms.

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The art of midwifing elections in Africa

File photo©Schalk van Zuydam/AP/SIPAMany countries in Africa conduct general elections regularly. Electoral management bodies have the responsibility to ensure free and fair elections. But what are their score cards so far?

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Kenya: Lending rate cap hits shares again, sparks growth fears

Photo©Thomas Mukoya/ReutersKenyan 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.

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Banking: Kenyan president approves law capping commercial bank lending rates

Kenya's President Uhuru Kenyatta. Photo©Noor Khamis/ReutersKenya'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.

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Oil & Gas: Kenya finalises agreement for development of crude oil pipeline

Photo©Sue Ogrocki/AP/SIPAKenya 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.

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Africa after the real Brexit

Photo©Svancara Petr/AP/SIPAAs Britain chose to leave the European Union, sending shock waves through the global markets, experts remain uncertain on how this would impact African economies. Trade and investment would certainly be affected as most of the trade arrangements the UK has with African countries were negotiated through the EU.

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Kenya's central bank warns lenders over misuse of credit bureaus

Kenya Central Bank Governor Patrick Njoroge. Photo©ReutersKenya's central bank threatened commercial banks with legal action if they submit inaccurate or incomplete data to credit reference bureaus. Kenyan banks have come under fire in recent weeks for the high costs they impose on borrowers.

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Mobile banking growth boosts Co-op Bank Kenya's earnings

Kenya is renowned for M-Pesa. Photo© Sayyid Abdul Azim/AP/SIPAIncreased mobile and internet banking helped Co-operative Bank of Kenya increase its pretax profit in the first half of 2016 by 19 percent to 10.45 billion shillings ($103.08 million), the lender said on Wednesday.

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Kenya's finance minister opposes capping of banks' lending rates

Kenya's Cabinet Secretary of National Treasury (Finance Minister) Henry Rotich. Photo©Noor Khamis/ReutersKenya's Treasury opposes a move by parliament to cap commercial lending rates because other measures being put in place will help bring down borrowing costs over time, the finance minister said on Tuesday.

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UNHCR lacks funds to tackle South Sudan refugee overcrowding

File photo©Rebecca Blackwell/AP/SIPAThe United Nations High Commission for Refugees (UNHCR) has bemoaned the lack of funds to manage the ever increasing numbers of South Sudan refugees to neighbouring countries such as Uganda, Kenya, Sudan, Ethiopia and the Democratic Republic of Congo.

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Kenya raises retail fuel prices again

File photo©Matt Rourke/AP/SIPAKenyan motorists will pay more for fuel for the next four weeks after the country's energy regulator raised prices, citing the rising costs of petroleum imports.

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Banking: Kenyan banks pledge to cut lending rates

Photo©Thomas Mukoya/ReutersKenyan lenders promised on Wednesday to cut loan rates by 100 basis points immediately, part of measures to lower borrowing costs and see off the threat of a legislative cap on rates.

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Kenya: Private sector activity in July rebound

Photo©Thomas Mukoya/ReutersActivity in Kenya's private sector rebounded in July as new orders rose and domestic demand remained solid, a survey showed on Wednesday.

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Green revolution: Harnessing earth, wind and fire

Photo©©PAUL LANGROCK/ZENIT-LAIF-REAOnly one in four Africans have access to electricity according to World Bank estimations, making the energy shortfall one of the most critical barriers to continental development.

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Big leaps from the platform: mobile money and Ushahidi

Photo©©SVEN TORFINN/PANOS-REAKenya's mobile-money transfer platform M-Pesa and crowdsourcing platform Ushahidi are two technology innovations that have put the East African country on the global technology map.

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Employment: Take these broken wings and learn to fly

Photo©MONIRUl BHUIYAN/AFPDon't say it too loud: government can run some businesses well, as long as it is done at arm's length. Ethiopian Airlines posted $148m in profit last year, eclipsing the combined $100m that all other public and private African carriers reported.

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Uganda defends decision to abandon Kenya for Tanzania in oil pipeline construction

File Photo©Sue Ogrocki/AP/SIPAThe government of Uganda defended its decision to construct an oil pipe line through Tanzania, breaking its silence on why it had abandoned an earlier plan to build it through Kenya.

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Kenya: A political cartoonist's job

Politicians will always be angry – it's how the press reacts that counts, says Kenyan political cartoonist, Gado.

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East Africa's IGAD seek special UN mandate to secure South Sudan's capital

File photo©AP/SIPAEast Africa's Intergovernmental Authority on Development, IGAD, is seeking a revision of UN Peacekeeping force in South Sudan (UNMISS)'s mandate in an effort to set up an intervention brigade that will secure Juba, that country's capital.

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