by Hope Media | Feb 2, 2017 | BUSINESS NEWS
The Kenyan shilling was firm against the dollar on Wednesday supported by foreign exchange inflows from portfolio investors and dollar weakness in global markets, traders said. At 0811 GMT, commercial banks quoted the shilling at 103.70/90, little changed from...
by Hope Media | Jan 31, 2017 | BUSINESS NEWS
Tourism Cabinet Secretary Najib Balala has criticised the US for issuing travel advisories against Kenya on January 13. The US banned its citizens from travelling to Mandera, Wajir, Garissa, Tana River and Lamu, including areas north of Malindi in Kilifi county, and...
by Hope Media | Jan 31, 2017 | BUSINESS NEWS
Central Bank has suspended the two-and-a-half-year- old loan pricing formula known as the Kenya Banks’ Reference Rate. The suspension announced yesterday by the Monetary Policy Committee follows the enactment of the law capping interest rates, which CBK said makes...
by Hope Media | Jan 31, 2017 | BUSINESS NEWS
Passenger traffic at Kenya’s airports grew by eight per cent between 2012 and 2016 as the Jomo Kenyatta International Airport continued to play a key role as a regional hub, latest industry data shows. The Kenya Civil Aviation Authority yesterday said passenger...
by Hope Media | Jan 30, 2017 | BUSINESS NEWS
The Central Bank of Kenya will on Monday hold its Monetary Policy Committee (MPC) meeting where it will set its benchmark lending rate. The bank held the rate at 10 percent at its last meeting in November. During the meeting, CBK stated that inflationary pressures...
by Hope Media | Jan 30, 2017 | BUSINESS NEWS
Four locomotives, two passenger and two freight were offloaded by Kenya Railways Corporation officials that include the Managing Director Atanus Maina. Kenya has now received 10 locomotives, after the first the first batch of six locomotives were received two weeks...
