Moody's sounds warning on Kenyan banks' defaults

Nairobi, Feb. 15 -- Global ratings agency Moody's has changed its outlook on the Kenyan banks to negative from stable, citing concerns about high volumes of non-performing loans despite solid profitab... Read More

Kenyan shilling posts strongest single-day gain in 12 years

Nairobi, Feb. 15 -- The Kenya shilling posted its strongest intra-day gain against the US dollar in the last 12 years on Wednesday, reaping from a tide of investor confidence after the government rece... Read More

Airtel Africa to build data hub in Kenya after Nigeria project

Nairobi, Feb. 14 -- Airtel Africa plans to build a data centre in Nairobi, in what will become its second such facility on the continent after Nigeria as it moves to diversify its revenue streams. Th... Read More

Kenyan MP in push to scrap diploma, certificate courses in universities

Nairobi, Feb. 14 -- Basic diploma and certificate courses will be scrapped from university academic programmes if Kenya's parliament approves proposals by Embakasi Central legislator Benjamin Gathiru.... Read More

Kelvin Kiptum was the next big thing in global marathon

Nairobi, Feb. 13 -- Hours after Kelvin Kiptum confirmed his entry for this year's Rotterdam Marathon last November, organisers were forced to close registration for the April 14 race as the numbers im... Read More

Kenya's power imports from Uganda rise 18pc in January on high demand

Nairobi, Feb. 13 -- Kenya's electricity imports from Uganda increased 18.4 percent in January, fuelled by a bigger demand. Data from the Energy and Petroleum Regulatory Authority (Epra) shows that Ke... Read More

Kenya returns to global market for another Eurobond

Nairobi, Feb. 9 -- Kenya will on Monday tap the international bond market for the first time since 2021 to raise cash to finance a buyback of the 10-year $2 billion (Ksh321 billion) Eurobond, a move t... Read More

World Bank gives $120m for Kenya's vaccine facility

Nairobi, Feb. 9 -- The World Bank has committed $120 million (Ksh19.1 billion at current exchange rates) to fund Kenya's vaccine production facility, which is expected to start operations in 2029. He... Read More

Kenya Airways adds direct Somalia-UAE cargo flights

Nairobi, Feb. 9 -- Kenya Airways (KQ) has started ferrying cargo directly between Sharjah in the United Arab Emirates (UAE) and Somalia's capital Mogadishu, as it seeks to expand its cargo business. ... Read More

Kenya-Japan firms in $620m eco-energy, car assembly deals

Nairobi, Feb. 8 -- Kenya has signed a number of agreements with Japanese firms, including the giant Japan's Toyota Tsusho Corporation, that could unlock nearly Ksh99 billion ($620.7 million) in invest... Read More

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