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Trade and Investment

Senior World Bank official to tour Kenya and hold talks with government officials

By TF News Writer


Senior World Bank official Ms Keiko Honda will visit Kenya Wednesday to discuss ways to develop the private sector.Ms Keiko HondaMs Keiko Honda

Ms Honda, the executive Vice President of the Multilateral Investment Guarantee Agency (MIGA)—the political risk insurance arm of the World Bank Group—is traveling to South Africa, Kenya, and Côte d’Ivoire on her first official trip as MIGA’s top executive.

APA insurance pledges to pay compensation for airport fire

By Ben Kinyanjui

APA and the Kenya Airport Authority (KAA) are on the first stage of concluding the insurance claim following the fire loss at Jomo Kenyatta International Airport (JKIA) that destroyed the arrival terminal on August 7 this year.JKIA is a regional hub and the fire affected airlines operationsJKIA is a regional hub and the fire affected airlines operations

APA said in a statement that they are still at the preliminary stage where KAA has to document the losses incurred during the inferno.

Kenya sets framework to manage new petroleum wealth

By Agencies

Kenya is abuzz with talk of boosted economic prospects following recent oil and natural gas discoveries. The million dollar question—how to avoid the oil curse that has crippled many natural resource-rich countries?Turkana county governor Josephat Nanok wants new-found wealth to benefit people in the countyTurkana county governor Josephat Nanok wants new-found wealth to benefit people in the county

The country’s government, with the support of the World Bank, is reviewing petroleum sector laws and engaging stakeholders at national and local levels discussing, among others, how to share revenues between the central government and resource-rich county authorities.

Kenya’s import bill rises as exports to COMESA and EAC decline

By Ben Kinyanjui

Kenya’s total value of imports increased by 7.3 per cent or US$ 1,148 million, to US$ 16,919 million (Sh1.4 trillion) in the year to May 2013.


Kenya's trade deficit widens as imports exceed exportsKenya's trade deficit widens as imports exceed exports

The Central Bank of Kenya (CBK) says in its economic monthly report for May that this reflects a rise in payments for imported chemicals, manufactured goods, machinery and transport equipment and other non-categorised imports.

China pledges to support war on poaching but ivory trade continues

By Ben Kinyanjui

China has pledged to support the government to combat wildlife poaching that threatens to wipe out the entire elephant and rhino population in the East African region.China pledges to support anti-poaching efforts but ivory trade continuesChina pledges to support anti-poaching efforts but ivory trade continues

China and several other East Asian countries have provided the market for ivory and rhino horns.

President Kenyatta secures Sh425 billion funding from China

By TF News Reporter and

PPs

President Uhuru Kenyatta has secured deals worth $5 billion (Sh425 billion) with China during his trip to the Asian economic power.President Uhuru Kenyatta leads the Kenya delegation in high level Bilateral talks with Chinese President Xi Jinping and his delegation at the East Gate of the Great Hall of the People during the official welcome ceremony.President Uhuru Kenyatta leads the Kenya delegation in high level Bilateral talks with Chinese President Xi Jinping and his delegation at the East Gate of the Great Hall of the People during the official welcome ceremony.

Some $4 billion covered economic partnerships, wildlife protection, and the standard gauge railway linking the port of Mombasa and the border town of Malaba.

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