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Kenya , Saturday 24 February 2018

News Kenya » Central: Kenya won't stop borrowing, Central MP says on Sh203bn Eurobond

News channel or source: https://www.the-star.co.ke/news/2018/02/24/kenya-wont-stop-borrowing-central-mp-says-on-sh203bn-eurobond_c1720006
Publication date: Saturday 24 February 2018

Central MPs are supportive of the government's borrowing for the sake of development projects. They said on Friday that they are ready to pass Bills that will allow the government to continue borrowing from development partners. "Kenya will not stop ...

News Kenya » Central: IMF stops Kenya's $1.5 billion standby credit after deficit clash

News channel or source: https://www.reuters.com/article/us-kenya-imf/imf-stops-kenyas-1-5-billion-standby-credit-after-deficit-clash-idUSKCN1G41IQ
Publication date: uesday 20 February 2018

as foreign exchange reserves held by the central bank have soared to record highs. “The program has not been discontinued but access was lost in mid-June because a review had not been completed,” Jan Mikkelsen, IMF representative in Kenya, told Reuters.

News Kenya » Central: Kenya central bank sells dollars after shilling weakens -traders

News channel or source: https://af.reuters.com/article/commoditiesNews/idAFL8N1QC5OI
Publication date: Wednesday 21 February 2018

NAIROBI, Feb 22 (Reuters) - Kenya’s central bank sold dollars to banks on Thursday after the shilling weakened to its lowest level in three weeks, traders said. The shilling weakened to 101.75/90 against the dollar, its lowest level since Feb. 2, after ...

News Kenya » Central: Kenya’s Political Turmoil Is a Tale of Fathers and Sons

News channel or source: https://www.nytimes.com/2018/02/20/world/africa/kenya-kenyatta-odinga.html?src=twr
Publication date: onday 19 February 2018

His first administration decentralized some of power shored up in Nairobi, but complaints about the financial support for Kenya’s new counties are widespread. Many say budgets are slow to come, or never appear. Concerns about the central government’s ...

News Kenya » Central: Kenya: Nairobi Intensifies Crackdown on Hawkers, Boda Boda Operators

News channel or source: http://allafrica.com/stories/201802240017.html
Publication date: Friday 23 February 2018

The crackdown started on Thursday as Nairobi's inspectorate officers led a sting operation where illegal structures were demolished, hawkers and boda boda operators flushed out from the central business district and its surroundings. Over 80 hawkers were ...

News Kenya » Central: Kenya insists it will implement reforms to extend IMF deal

News channel or source: https://www.ft.com/content/a1b6c06c-17dd-11e8-9376-4a6390addb44
Publication date: Friday 23 February 2018

Kenya’s finance minister has promised to implement contentious ... Eliminating the interest rate cap, passed by parliament despite opposition from the government and central bank, will also be tricky, according to Anzetse Were, an independent economist.

News Kenya » Central: Kenya's $1.5 bln standby credit facility in place until end of March

News channel or source: http://www.nasdaq.com/article/kenyas-15-bln-standby-credit-facility-in-place-until-end-of-march-20180221-00009
Publication date: uesday 20 February 2018

"Kenya continues to have access to resources since June subject ... as foreign exchange reserves held by the central bank have soared to record highs. The IMF has expressed concern over the fiscal deficit, but government officials have said borrowing ...

News Kenya » Central: UPDATE 3-Kenya starts dollar bond sale after IMF says access to credit facility blocked

News channel or source: https://www.cnbc.com/2018/02/21/reuters-america-update-3-kenya-starts-dollar-bond-sale-after-imf-says-access-to-credit-facility-blocked.html
Publication date: uesday 20 February 2018

NAIROBI, Feb 21 (Reuters) - Kenya began a dollar bond sale on Wednesday that analysts ... as foreign exchange reserves held by the central bank have soared to record highs. CONCERNS OVER DEBT "The facility is in place but permission to access it has ...

News Kenya » Central: IMF: Kenya’s $1.5bn standby credit in place, but not accessible

News channel or source: http://ewn.co.za/2018/02/21/imf-kenya-s-usd1-5bn-standby-credit-in-place-but-not-accessible
Publication date: Friday 23 February 2018

“Kenya continues to have access to resources since June subject ... as foreign exchange reserves held by the central bank have soared to record highs. “The facility is in place but permission to access it has been withdrawn,” said Kenyan economist ...

News Kenya » Central: Open visa scheme benefits Kenya in East African intra-tourism visits

News channel or source: https://www.eturbonews.com/177946/open-visa-scheme-benefits-kenya-east-african-intra-tourism-visits
Publication date: Wednesday 14 February 2018

Kenya stands as the leading tourist destination for East African ... a continental passport as part of a strategy to encourage open borders. Further, the Central African Economic and Monetary Community recently also reached a key pact making travel within ...