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.
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.
As 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.
Kenya'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.
The 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.