Kenyan finance minister Henry Rotich has said the initial exportation of 2,000 barrels of crude oil from Kenya in January 2017 would be an initial stage until the country completes the construction of an oil pipeline.
Kenya's coffee production is expected to hit 47,000 metric tonnes in 2016 up from 45,000 metric tons in 2015, officials said on Tuesday.
On Oct. 14, 2016, S&P Global Ratings revised its outlook on the Republic of Kenya to stable from negative. At the same time, we affirmed our 'B+/B' long-and short-term foreign and local currency sovereign credit ratings on Kenya.
In its first meeting since President Kenyatta signed the Banking Amendment Bill 2016 which aims to regulate bank’s loan interest rates, the Central Bank of Kenya Monetary Policy Committee met today and lowered its benchmark interest rate by 50 basis points to 10% percent, saying that demand pressures on inflation are moderate and inflation is expected to decline in the short term.
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