Kenya smallholder tea farmers earn Sh63.6 billion from tea exports
By JK Mwangi
The World Bank Group today endorsed a new five year development strategy to help Kenya succeed in its efforts to boost economic growth sustainably.
The strategy will also help the country create more jobs for young people, build vital infrastructure, and devolve power to regional communities in order to end extreme poverty and share prosperity among all Kenyans.
By Ben Kinyanjui
The Central Bank of Kenya has broken silence over the depreciating shilling saying it had come under increased pressure.
In a brief statement, CBK says the pressure is attributed to seasonal factors as corporations pay out dividends to external shareholders.
By JK Mwangi and Kazungu Chai (PSCU)
Kenya and China have signed 15 agreements ranging from trade, energy and Technical Corporation to wildlife conservation.
The documents signed at a ceremony witnessed by President Uhuru Kenyatta and Chinese Premier Li Keqiang, included an exchange of notes on provision of materials for wild animals protection, a move that will enable China to contribute resources towards the protection
of Kenya’s wildlife.
BY JIBRIL ADAN-PSCU
Kenya and China have signed an agreement on the financing of the first phase of the Standard Gauge Railway project.
President Uhuru Kenyatta was joined by Chinese Premier Li Keqiang and three Heads of State from the East African region to witness the signing ceremony at State House, Nairobi.
By Ben Kinyanjui and PSCU
Chinese Premier Li Keqiang who arrived in Nairobi Friday at the start of a three-day state visit is expected to meet with key leaders from the East African Community (EAC) for talks on infrastructure development.
Mr Keqiang will on Sunday sign the Standard Gauge Railway Agreement between the Chinese government and regional leaders President Uhuru Kenyatta, Rwandan President Paul Kagame and Ugandan President Yoweri Museveni
By JK Mwangi
Commercial banks are expected to reduce lending to the tourism sector and agriculture due to perceived risks associated with terrorism and unfavourable weather.
According to a credit officer survey done by the Central Bank of Kenya (CBK) says most credit officers interviewed said they foresee a slight increase in non-performing loans (NPLs) in the agriculture, tourism and real Estate sectors.