NAIROBI, June 10 Kenya's finance minister cut
the budget deficit lightly on Thursday as he splurged on
infrastructure projects and a stimulus effort to boost economic
growth in the face of the coronavirus crisis.
NAIROBI Kenya aims to set up an emissions trading system that will allow companies and other bodies to buy emissions allowances, the finance minister said on Tuesday, as the country strives to limit the release of greenhouse gases.
NAIROBI Kenya's central bank has room to cut its benchmark interest rate, its governor said on Tuesday, adding that other interventions were also needed to help economic recovery in the face of a coronavirus-induced slump.
NAIROBI Kenya's Equity Group will withstand any potentially negative impact of new restrictions on movement imposed by the government to curb a new wave of COVID-19 infections, its chief executive said on Monday.
NAIROBI Kenya's President Uhuru Kenyatta restricted travel in the capital Nairobi and four surrounding counties on Friday as COVID-19 infections hit record levels in East Africa's richest economy.
* Five regions zoned off, movements in and out suspended
(Adds details on restricted area)
NAIROBI KCB Group, Kenya's top l ender by assets, expects the proportion of loans it restructured last year to fall by half in the second quarter, senior company executives said on Thursday.
NAIROBI Kenya's KCB Group, the country's top lender by assets, on Wednesday reported a 30% drop in pretax profit last year, while net profit fell 22%, hurt by increased provisions for loan losses and the effects of the COVID-19 pandemic.
NAIROBI, March 3 Kenya's Equity Group Holdings
said on Wednesday it had launched a lending facility
worth 75 billion shillings ($685 million) to help small and
medium-sized enterprises (SMEs) recover from the economic impact
of the COVID-19 pandemic.
NAIROBI, Feb 16 The Nairobi Securities Exchange
expects new listings to pick up this year, with four
new companies expected to list, plus a cross-listing from
another market, its chief executive officer said on Tuesday.