French carmaker Peugeot to assemble two car models in Kenya by June
Kenya’s President Uhuru Kenyatta on Saturday announced that French Automaker of Peugeot had signed a contract to start assembling two car models in Kenya by June 2017.
Kenya’s President Uhuru Kenyatta on Saturday announced that French Automaker of Peugeot had signed a contract to start assembling two car models in Kenya by June 2017.
The International Monetary Fund (IMF) has warned that the banking interest rate controls of last September could cut economic growth by up to two per cent in two years.
Kenya's central bank maintained its Central Bank Rate (CBR) at 10.0 percent to anchor inflation expectations, saying inflation was expected to remain within its target range in the short term but there are "increased uncertainties with regard to the prevailing drought conditions and risks in the global markets.
Privately-owned Nakumatt, Kenya's biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said on Wednesday.