Duncan's Feed
Feb 14, 2013

Kenyan economy likely to grow up to 6 pct in 2013 – IMF

NAIROBI, Feb 14 (Reuters) – The International Monetary Fund
expects the Kenyan economy to grow at least 5.5 to 6 pct this
year from an estimated 4.5 to 5 percent in 2012, assuming
elections in March go smoothly, a senior fund official said.

“Kenya has stayed the course of its economic reforms and
this has worked quite well,” Domenico Fanizza, who has been
leading a mission to Kenya under the IMF’s Extended Credit
Facility, told a news conference on Thursday.

Jan 24, 2013

We will not bargain with al Shabaab over hostages: Kenya

NAIROBI (Reuters) – Kenyan officials said on Thursday they would not negotiate with al Qaeda-allied Somali militants who have threatened to kill their Kenyan hostages unless Nairobi frees Muslims held on terrorism charges.

On Wednesday al Shabaab released a video of two Kenyan hostages seized a year ago and told Kenya to meet its demands.

Jan 24, 2013

Kenya: we will not bargain with al Shabaab over hostages

NAIROBI, Jan 24 (Reuters) – Kenyan officials said on
Thursday they would not negotiate with al Qaeda-allied Somali
militants who have threatened to kill their Kenyan hostages
unless Nairobi frees Muslims held on terrorism charges.

On Wednesday al Shabaab released a video of two Kenyan
hostages seized a year ago and told Kenya to meet its demands.

Jan 18, 2013

Obama inspires brother to run for office in Kenya elections

KOGELO, Kenya (Reuters) – U.S. President Barack Obama’s message of hope and change has inspired his half-brother Malik to launch a political career of his own, with his eye on elections in Kenya in March.

“If my brother is doing great things for people in the United States, why can’t I do great things for Kenyans here?” Malik Obama told Reuters in the village of Kogelo, President Obama’s ancestral homeland.

Jan 11, 2013

Kenya parliamentarians triple own bonuses again

NAIROBI (Reuters) – Kenyan legislators have tripled their end-of-term bonuses once again, sweetening the deal with extra perks like diplomatic passports and security for life as well as state funerals when they die.

Lawmakers first attempted to triple the bonus they will each receive when their five-year term ends this month to 9.3 million shillings ($107,300) in October, a move the president rejected.

Jan 10, 2013

Kenya seeks credit growth with big rate cut

NAIROBI, Jan 10 (Reuters) – Kenya’s central bank cut its
benchmark lending rate by a higher-than-expected margin on
Thursday in an effort to raise the level of commercial banks’
lending to the private sector.

Although policymakers embarked on an easing cycle in July,
commercial banks’ lending rates have remained stuck at about 20
percent, curbing economic growth ahead of a presidential
election set for March.

Dec 4, 2012

Kenyan Prime Minister launches coalition to take on rivals in vote

NAIROBI (Reuters) – Kenyan Prime Minister Raila Odinga said on Tuesday he would join forces with the country’s vice president in next year’s election, to challenge another alliance headed by two senior politicians facing charges of crimes against humanity.

Odinga, Vice President Kalonzo Musyoka and several other cabinet ministers danced in front of thousands of supporters in the Kenyan capital to launch their electoral pact.

Dec 4, 2012

Kenya PM launches coalition to take on rivals in vote

NAIROBI (Reuters) – Kenyan Prime Minister Raila Odinga said on Tuesday he would join forces with the country’s vice president in next year’s election, to challenge another alliance headed by two senior politicians facing charges of crimes against humanity.

Odinga, Vice President Kalonzo Musyoka and several other cabinet ministers danced in front of thousands of supporters in the Kenyan capital to launch their electoral pact.

Nov 9, 2012

West must lift Rwanda aid freeze or risk crisis: AfDB

NAIROBI (Reuters) – Western donors must lift an aid freeze on Rwanda, imposed over its alleged support for Congo rebels, to avoid damaging its economy and causing a new crisis in the region, the head of the African Development Bank (AfDB) said.

Rwanda, which relies on donors for about 40 percent of its budget, has recorded robust growth rates in recent years on the back of increased investments and consumption.

Nov 9, 2012

West must lift Rwanda aid freeze or risk crisis – African Development Bank

NAIROBI (Reuters) – Western donors must lift an aid freeze on Rwanda, imposed over its alleged support for Congo rebels, to avoid damaging its economy and causing a new crisis in the region, the head of the African Development Bank (AfDB) said.

Rwanda, which relies on donors for about 40 percent of its budget, has recorded robust growth rates in recent years on the back of increased investments and consumption.