Kenya
IMF, Kenya to negotiate on reform package
An IMF team will visit Kenya next month to push for further reforms to put the country's aid programme back on track, officials said on Feb 28, 2001.
Kenya's cbank to lift protection of local banks
Micah Cheserem, governor of the Central Bank of Kenya, has disclosed that his government might no longer be bound to protect local banks from competitions by international banks, local media reported on Feb 18, 2001. Cheserem made the remarks at the…
Kenya annual inflation falls to 6.0 pct in January
Kenya's annual inflation rate eased to 6.0 percent in January 2001 from 7.5 percent in December 2000 due to a fall in food and fuel prices, the central bank said on Feb. 6. "The general decline in inflationary pressure was mainly in the fall in the…
Kenyan shilling weakens further on IMF concerns
The Kenyan shilling extended its decline against the dollar but at a slower pace on Dec 22 amid continued concerns about the future of Kenya's IMF aid programmme, dealers said.
Kenyan rate bill MP wants cenbank chief to go
A Kenyan parliamentarian whose controversial bill to control commercial bank interest rates was passed by parliament this week now wants the country's central bank governor to resign.
Kenya bill to control bank interest rates passed
Kenya's parliament today passed with amendments the Donde bill that seeks to regulate interest rates charged by commercial banks.
Kenyan parliament passes bank bill on 2nd reading
Kenya's parliament passed a controversial bill seeking to regulate commercial bank loan rates on its second reading on Wednesday, but politicians said amendments would be tabled to the bill on Thursday.
Kenya banks try to head off interest rate controls
Kenya's commercial banks have offered to reduce interest rates on their loans in a move aimed at persuading parliament not to introduce tight controls on lending rates.
Kenya cenbank says economic growth has slowed
Kenya's economic growth is estimated to have declined to 0.4% in the 12 months to August, from 1.4% in the previous year, the Central Bank of Kenya said.