George Obulutsa

UPDATE 2-Kenya exerts heavy budgetary toll to prop up economic growth

Jun 10 2021

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.

Kenya plans to set up emissions trading system

May 11 2021

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.

Kenya central bank says has space to cut rates, urges more measures

Mar 30 2021

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.

Kenyan lender Equity Group says it will weather new COVID-19 restrictions

Mar 29 2021

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.

Kenya's president orders new lockdown to curb COVID-19 wave

Mar 26 2021

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.

UPDATE 3-Kenya's president orders new lockdown to curb COVID-19 wave

Mar 26 2021

* Five regions zoned off, movements in and out suspended (Adds details on restricted area)

Kenya's KCB Group expects restructured loans to halve in Q2

Mar 18 2021

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.

Kenyan lender KCB Group posts 30% drop in full-year pretax profit

Mar 18 2021

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.

UPDATE 2-Kenyan lender Equity starts $685 mln loan facility for small firms

Mar 03 2021

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 Securities Exchange expects four new company listings in 2021 - CEO

Feb 16 2021

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.

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