Category: Finance News

October 4, 2019 0

AfDB approves Sh23.9bn loan for expansion of Kenya’s Great North Road

By mykenyancareers

NAIROBI, Kenya, Oct 4 – The Board of Directors of the African Development Bank Group has approved loans of around Sh23.9 billion to fund the expansion of a highway that links major economic hubs in Kenya. The approval was granted on 26 September during a meeting at the Bank’s headquarters in Abidjan. The total project … Continue reading “AfDB approves Sh23.9bn loan for expansion of Kenya’s Great North Road”

October 2, 2019 0

CBK boss Njoroge says Sh7b not returned in demonetization of Sh1,000

By mykenyancareers

NAIROBI, Kenya, Oct 2 – The Central Bank of Kenya on Wednesday announced it had received 209,661,000 pieces of the old Sh1,000 notes by September 30 when the largest legal tender was rendered valueless and replaced with a new one. CBK Governor Patrick Njoroge told the press some 7.4 million pieces were however not returned. … Continue reading “CBK boss Njoroge says Sh7b not returned in demonetization of Sh1,000”

September 27, 2019 0

EU and Japan ink plan to bypass China’s ‘new Silk Road’

By mykenyancareers

Brussels, Belgium, Sept 27 – The EU and Japan on Friday signed an infrastructure agreement to link Europe and Asia, as a counter to China’s ambitious “Belt and Road” strategy. Japanese Prime Minister Shinzo Abe and European Commission chief Jean-Claude Juncker inked the accord to coordinate infrastructure, transport and digital projects connecting Europe and Asia. … Continue reading “EU and Japan ink plan to bypass China’s ‘new Silk Road’”

September 24, 2019 0

Thousands of Kenyans to get clean energy from US$147 mn solar projects

By mykenyancareers

NAIROBI, Kenya, Sep 24 – The European Investment Bank and FMO, the Dutch entrepreneurial development bank, have agreed to finance construction and operation of two new solar photovoltaic plants in Kenya. EIB and FMO will each provide US$53 million for the two projects, with the remainder of the US$147 million total project cost provided by … Continue reading “Thousands of Kenyans to get clean energy from US$147 mn solar projects”

September 23, 2019 0

Investors make unprecedented commitment to carbon neutrality by 2050

By mykenyancareers

NEW YORK, United States Sept 23 – In one of the boldest actions yet by the world’s largest investors to decarbonize the global economy, an alliance of the world’s largest pension funds and insurers – responsible for directing more than US$ 2.4 trillion in investments – has today committed to carbon-neutral investment portfolios by 2050. … Continue reading “Investors make unprecedented commitment to carbon neutrality by 2050”

September 16, 2019 0

Johnson the Brexit ‘Hulk’ finally meets EU’s Juncker

By mykenyancareers

LUXEMBOURG, Luxembourg, Sept 16 – British Prime Minister Boris Johnson met EU chief Jean-Claude Juncker for talks Monday insisting a Brexit deal is possible, despite deep scepticism from European capitals with just six weeks to go before departure day. After a weekend in which he compared himself to comic book super-smasher Hulk, the British leader … Continue reading “Johnson the Brexit ‘Hulk’ finally meets EU’s Juncker”

September 14, 2019 0

Price of petrol up by Sh0.28; diesel by Sh2.44 as Kerosene drops by Sh3.31

By mykenyancareers

NAIROBI, Kenya, Sept 14 – The price of diesel has gone up by Sh2.44 in Nairobi and to retail at Sh103.04 per litre, in the latest Energy & Petroleum Regulatory Authority (EPRA) report. Super Petrol will retail at Sh112.81 after inching up Sh0.28. According to the EPRA maximum retail pump prices, Kerosene resisted the upward … Continue reading “Price of petrol up by Sh0.28; diesel by Sh2.44 as Kerosene drops by Sh3.31”

September 11, 2019 0

China to exempt 16 categories of US products from tariffs

By mykenyancareers

BEIJING, China, Sept 11- China announced Wednesday it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade talks next month. Beijing and Washington have been embroiled in a year-long trade war that has seen the two sides slap punitive tariffs on hundreds of billions of dollars in two-way … Continue reading “China to exempt 16 categories of US products from tariffs”

September 8, 2019 0

Oil majors to mull fresh cuts as trade war hits prices

By mykenyancareers

DUBAI, United Arab Emirates, Sep 8 – Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war. The OPEC petroleum exporters’ cartel and key non-OPEC members want to halt a slide in prices that has … Continue reading “Oil majors to mull fresh cuts as trade war hits prices”

September 8, 2019 0

Smooth succession: Jack Ma eases out of a thriving Alibaba

By mykenyancareers

SHANGHAI, China, Sep 8 – Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into an online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture. A former English teacher whose often playful image shattered the stereotype of … Continue reading “Smooth succession: Jack Ma eases out of a thriving Alibaba”