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Trade and Investment

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.

World Bank approves new development strategy to help Kenya boost economic growth

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.Social and economic inequality has widened over the yearsSocial and economic inequality has widened over the years

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.

China and Kenya signs 15 agreements to enhance cooperation

By JK Mwangi and Kazungu Chai (PSCU)

Kenya and China have signed 15 agreements ranging from trade, energy and Technical Corporation to wildlife conservation Chinese Premier Li Keqiang signed the agreements that include energy, agriculture and technical assistance(PHOTO-PSCU) Chinese Premier Li Keqiang signed the agreements that include energy, agriculture and technical assistance(PHOTO-PSCU).

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.

Naivas shoppers to get goods on credit after signing deal with afb

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.The partnership is expected to boost sales volumeThe partnership is expected to boost sales volume

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 apologises over Rwanda genocide 20 years ago

By PSCU

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 Uhuru Kenyatta is the chairman of EAC President Uhuru Kenyatta is the chairman of EAC

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.

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