Kenya

The Central Bank of Kenya cut interest rates by 75 basis points to 6.0% in an attempt to persuade private banks to reduce their lending rates, which stood at 14.6% in June 2010. Although... 2010-08-24

Kenya failed to meet its fiscal revenue targets in fiscal year 2009/2010 by KES10.8bn (US$132.2mn), or 2.0%. Despite this shortfall, the overall revenue collected in 2009/2010 represented... 2010-07-22

The Kenyan shilling has depreciated significantly against the US dollar in recent months. As trade with east Africa has picked up in 2010, Kenya's import bill, which is largely funded... 2010-07-22

Power shortages in Kenya cost the country's firms on average 6.4% each year in lost sales revenue, according to the World Bank. The World Bank recently approved a US$300mn loan for... 2010-06-25

We believe inflation in Kenya will reach 6.8% by year end, as the combination of base effects, seasonal trends and a weakening exchange rate take their toll in H210. Our expectation... 2010-06-25

BMI View: We consider Kenya's commitment to another round of deficit spending in fiscal year 2010/2011 for the development of infrastructure, energy production, transportation and agriculture... 2010-06-18

Kenya's Attorney General released a new draft constitution in early May, 2010. We feel that the draft document - which proposes the introduction of regional governments for each region,... 2010-05-28