Jun 4, 2014
Jun 4, 2014
May 30, 2014
May 29, 2014
May 29, 2014
May 29, 2014
May 28, 2014

#Ethiopia says it may delay joining WTO to protect its banking, telecoms industries from competition http://t.co/nRCPK5Prd7

#Ethiopia says it may delay joining WTO to protect its banking, telecoms industries from competition http://t.co/nRCPK5Prd7

May 28, 2014
May 26, 2014
May 26, 2014

Kenya central bank shows ready to defend struggling shilling

NAIROBI, May 26 (Reuters) – Kenya’s central bank has
signalled its intent to defend the ailing shilling by selling
dollars and says it has deep enough foreign reserves to cushion
the currency against shocks.

The shilling has been on the back foot this year, hurt by
lower than expected dollar inflows into the tourism and tea
sectors. More recently, a spate of bombings has added to worries
that if a slump in tourism continues and deepens it could shave
a percentage point or more off growth, economists say.