Kenya Breaking News, Business Information, Articles, Africa - kenyadetails

Bank of China comes to Kenya

Bank of China

NAIROBI – The Central Bank of Kenya (CBK) has granted authority to Bank of China Limited (BOC) to open a Representative Office in Kenya.The authority, issued pursuant to Section 43 of the Banking Act (Cap 488), makes Bank of China Limited the fifth foreign bank to be authorised by the Central Bank to establish such an office in Kenya.


Kenya: KTDA to Build One Billion Plant

Kenya Tea Development Agency

THE Kenya Tea Development Agency will construct a Sh1 billion hydro-power generating plant company, it was revealed yesterday. The Settet Power Generation Company will be constructed in two phases on Itare and Kipsonoi rivers in Bomet county, said company chairman Andrew Langat. So far, KTDA members have raised Sh123, 278,862 for the project.


Kenya’s progress on reforms attracts World Bank funding

Africa Region Shantayanan Devarajan

Kenya’s administrative reforms are set to pay off with the World Bank planning to give the government money under a programme for poor countries.


Kenya turns to Iran for oil despite embargo

Kenya turns to Iran for oil

Kenya has turned to Iran — a country facing crippling economic sanctions from the West over its reported nuclear weapons ambition — to secure long-term fuel supply contracts.