Home Authors Posts by BLOOMBERG

BLOOMBERG

13 POSTS 0 COMMENTS

KQ mulls a closer relationship with SAA

The national carrier was taken under government control in November after posting the biggest loss in the nation’s corporate history in 2016 and is cutting routes and planes to help revive earnings

Politics, drought bogged down Kenya’s economy last year

Gross domestic product increased 4.9%, down from 5.85% in 2016, the Kenya National Bureau of Statistics said Wednesday

China macadamia appetite makes coffee farmers go nuts

Farmgate prices for unshelled nuts have risen to as high as Ksh 180 a kilogramme this season from about Ksh 70 at the start in December, and may climb to Ksh 200 driven by demand from the Asian giant

Nairobi-Mombasa highway project faces delays over debt worries

The contractor, San Francisco-based Bechtel Group Inc., has arranged commercial loans for Kenya to undertake the project but there are fears the Ksh 230 billion project would overwhelm the economy

Struggling Uchumi needs Sh4b urgently, CEO reveals

He reveals the supermarket chain's management is following different channels to secure Ksh 7 billion of financing but declined to name potential suitors

Kenya urged to rethink fiscal-consolidation plan

The National Treasury wants to trim the gap to 3% by 2021 by cutting spending mainly on development projects rather than recurring expenses

African leaders sign pact to open borders for traders

More than 40 nations signed the African Continental Free Trade Area agreement, which commits governments to removing tariffs on 90% of goods and phasing in the rest in future

NBK mulls branch closures to cut costs

NBK will make a decision early in the second quarter on the number of outlets it will shut, CEO Wilfred Musau said Monday in an emailed response to questions

Four firms pitch for advisory role in Consolidated Bank share sale

The company plans to raise Ksh 2.5 billion ($25 million) in the second half of this year to meet rules on capital buffers

Political turbulence shakes Kenya’s shilling

Exotix Capital said in a note Thursday that the shilling was, along with the Pakistani rupee and Omani rial, the most vulnerable of the frontier-market currencies it covers