Before 2008, only South Africa and Seychelles had issued Eurobonds but over the next decade, 21 sub-Saharan African countries including Kenya had had more than one-dollar loan
The IMF in a bid to direct money printed in Western capitals to Africa to compensate for the zero interest rates created a debt bubble which now threatens to destroy East Africa’s largest economy.
For those thinking of making this great trek into the unfamiliar, our experience setting up shop in Kisumu might provide some pointers on how to navigate real estate in Kenya’s satellite towns.
A memory, sometimes two, per candle light as the National Empowerment of People Living with HIV in Kenya- NEPHAK met last week to remember their heroes, their spouses, their children, parents and friends lost to the worlds forgotten pandemic; AIDS.
But this helplessness was weird. The Capital Markets Authority, working with the Communication Commission of Kenya (CCK) together with the Central Bank of Kenya had the capacity of closing down payment channels for unlicensed brokers.
The high loss rates witnessed on online forex trading has shocked Kenyan officials who are debating on whether to treat these products like cigarettes, literally attaching glaring warning signs saying you are unlikely to win and 90 per cent chance your money
The motorcycle riders often take a quarter to half a litre for short trips, at times funded by their customers before setting out. The boda boda who had shouted Hustler loudest are now angriest against President William Ruto’s regime.
President Uhuru Kenyatta had been adamant about going after the private sector openly. But his successor President William Ruto was not beholden to this private sector; and seen as a political outsider, he gave the IMF the most realistic opportunity to change