Kenya smallholder tea farmers earn Sh63.6 billion from tea exports
Trade and Investment
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.
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.
By TF News Reporter
About 20 per cent of African countries improved their policy environment to boost growth and cut poverty last year.
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.
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 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 Ben Kinyanjui
Shoppers at Naivas supermarkets will now be able to buy goods on credit following a partnership between the company and consumer finance company, afb.
Speaking during the announcement of the partnership (Monday), afb’s Managing Director - Cards, Brett van Aswegen said that the company is excited to partner with one of the leading retailers in Kenya, Naivas towards offering affordable credit card facilities to the mass market in the country.
President Uhuru Kenyatta t has formally apologized to Rwanda over failure by the East African States to step in and save the country from the horrendous 1994 genocide.
President Kenyatta said although the rest of the world had maintained a studious silence as Rwandan Hutus killed members of the Tutsi ethnic community, it was not justified for the East African region to also stand aside without taking action.