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Kenya , Saturday 24 February 2018

News Kenya » Finance: 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 reforms demanded by the International Monetary Fund to extend a frozen $1.5bn emergency standby facility that expires next month. Henry Rotich told the Financial Times that he will halve ...

News Kenya » Finance: Scaling impact finance in Kenya: A look at micro, small and medium enterprises

News channel or source: http://blogs.lse.ac.uk/africaatlse/2018/02/21/scaling-impact-finance-in-kenya-a-look-at-micro-small-and-medium-enterprises/
Publication date: hursday 22 February 2018

Social impact investors need to change the way they look at sub-Saharan African opportunities, write Julio de Souza, Julians Amboko and Konstantin Makarov. A financial inclusion-focused entity recently engaged us to exercise due diligence on a working ...

News Kenya » Finance: Amid claims of police brutality in Kenya, a watchdog fails to bite

News channel or source: https://www.reuters.com/investigates/special-report/kenya-police-watchdog/
Publication date: hursday 22 February 2018

Ministry of Finance documents show the agency had a $5.1 million budget ... One of the main donors to police reform in Kenya is the United States, which has given $8 million to IPOA since 2011. It has also provided at least $316 million in assistance ...

News Kenya » Finance: Kenya: IMF Warns Over Kenya's New Debts, Wants Rate Cap Abolished

News channel or source: http://allafrica.com/stories/201802240002.html
Publication date: Friday 23 February 2018

Jan Mikkelsen, the resident representative to Kenya said IMF is concerned about high fiscal deficit. "This is not good to sustain the economy. It will force the government to finance its deficit through commercial borrowing hence squeezing out lending to ...

News Kenya » Finance: Google starts taking payments for apps via Kenya's M-Pesa service

News channel or source: https://finance.yahoo.com/news/google-starts-taking-payments-apps-103604409.html
Publication date: hursday 22 February 2018

NAIROBI (Reuters) - Google Play apps and games store has started accepting payments in Kenya through Safaricom's mobile phone M-Pesa service to boost downloads in a market where many people do not have a credit card. M-Pesa, which enables customers to ...

News Kenya » Finance: Kenya's economy to expand by 5.8 pct this year: finance ministry

News channel or source: https://af.reuters.com/article/investingNews/idAFKCN1FY0UH-OZABS
Publication date: Wednesday 14 February 2018

NAIROBI (Reuters) - Kenya’s economy is likely to grow 5.8 percent this year, recovering from drought and political uncertainty that pushed growth down to an estimated 4.8 percent in 2017, the finance ministry said. Economic output in the East African ...

News Kenya » Finance: Kenya raises two billion dollars from Eurobond

News channel or source: http://www.kbc.co.ke/kenya-raises-two-billion-dollars-from-eurobond/
Publication date: hursday 22 February 2018

Kenya has raised two billion dollars from a Eurobond which ... The National Treasury says the funds will be used to finance the government’s development initiatives and liability management. A statement from the National Treasury notes: “We will ...

News Kenya » Finance: Kenya Power profit down on fuel costs

News channel or source: https://www.standardmedia.co.ke/article/2001270943/kenya-power-profit-down-on-fuel-costs
Publication date: Friday 23 February 2018

[Collins Oduor, Standard] Kenya Power’s fuel costs have nearly doubled ... This cost the firm Sh27.4 billion. Its finance costs rose by 42.8 per cent to Sh3.3 billion, with Mr Tarus attributing the increase to short-term borrowing.

News Kenya » Finance: India, Kenya revise tax treaty

News channel or source: https://www.newkerala.com/news/fullnews-332325.html
Publication date: hursday 22 February 2018

said a Finance Ministry statement. "The revised DTAA will improve transparency in tax matters, help curb tax evasion and tax avoidance, remove double taxation and will stimulate the flow of investment, technology and services between India and Kenya," it said.

News Kenya » Finance: Kenya’s HydroIQ Wins Startup of the Year Africa 2018

News channel or source: http://pctechmag.com/2018/02/kenyas-hydroiq-wins-startup-of-the-year-africa-2018/
Publication date: onday 12 February 2018

With the support of major international groups such as OCP, ENGIE, QWANT, FINANCE INNOVATION ... 2018 choose HydroIQ; a startup from Kenya as the Startup of the Year Africa 2018. Founded by Brian Bosire & Victor Shikoli, HydroIQ is a virtual Water Network ...