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  • Kenya smallholder tea farmers earn Sh63.6 billion from tea exports

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Costs of homes likely to go down as interest rates by commercial banks fall

By TF News

Prices of houses could drop as the government reduces borrowing from the local money market after a successful euro-bond last month that raised billions of shillings, says Hass Consult.Hass Consult head of marketing Ms Sakina Hassanali predicts a fall in prices of houses as government reduce domestic borrowingHass Consult head of marketing Ms Sakina Hassanali predicts a fall in prices of houses as government reduce domestic borrowing

The real estate consulting firm that unveiled the Hass property price indices for the second quarter Wednesday says interest rates charged by commercial banks are likely to fall as government reduce domestic borrowing.

Kenya gets Sh4 billion from World Bank to develop oil and gas sector

By JM Mwangi

The World Bank has given Kenya Sh4.4 billion (US$50 million ) to strengthen its capacity to manage the oil and gas sector that is developing following the discovery of oil reserves in Turkana County.Oil exploration in Kenya has been intensified following recent discovery in TurkanaOil exploration in Kenya has been intensified following recent discovery in Turkana

The money will also help the Kenyan government in the distribution of its revenues to create sustainable growth across all areas of the country’s economy.

Kenya among African countries that have improved policy environment

By TF News Reporter

About 20 per cent of African countries improved their policy environment to boost growth and cut poverty  last year.President Kenyatta (right) has promised to improve governance and investment environmentPresident Kenyatta (right) has promised to improve governance and investment environment

A World Bank annual Country Policy and Institutional Assessment (CPIA) review report that rates the performance of poor countries says since 1980, CPIA ratings have been used to determine the allocation of zero-interest financing and grants for the 39 African countries.

Kenya's internet exchange point launches at East Africa Data Centre

By TF News Reporter

 

The Kenya Internet Exchange Point (KIXP) has relocated to the East Africa Data Centre.ICT cabinet secretary Fred Matiang'i has pledged to support investors in ICTICT cabinet secretary Fred Matiang'i has pledged to support investors in ICT

The Exchange pint is now carrying four times the traffic that it was in 2011 becoming the largest internet exchange point in East Africa as well as the first Tier 3 data centre in East and Central Africa.

Liquid Telecom complete East Africa fibre ring increasing internet reliability in the region

By JK Mwangi

Liquid Telecom has completed the build of the East Africa Fibre Ring which connects Kenya, Uganda, Rwanda and Tanzania.East African region is now fully connected to fibre opticEast African region is now fully connected to fibre optic

The connection now creates the first fully redundant regional fibre ring, connecting these countries to each other and the rest of the world.

This will ensure that businesses across the East African community now receive continuity of Internet connectivity and a much more reliable service.

CBK grants authority to Rabobank Nederland of Netherlands to open office in Kenya

By TF News Reporter

The Central Bank of Kenya (CBK) has granted authority to Rabobank to open a Representative Office in Kenya. The authority was granted pursuant to Section 43 of the Banking Act. CBK governor Prof Njuguna Ndung'u says office to deepen trade ties between Kenya and NetherlandsCBK governor Prof Njuguna Ndung'u says office to deepen trade ties between Kenya and Netherlands

Rabobank Nederland is a cooperative bank owned by local cooperatives in Netherlands. Apart from offering financial services to its member cooperatives, Rabobank Nederland, which is licensed and supervised by the Central Bank of Netherlands (De Nederlandsche Bank), also offers universal banking services to the public.

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