French retail giant Carrefour is set to open its first store in the country today, stepping up competition for shoppers in the country’s lucrative but under-developed supermarket industry.
Kenya has created an extra 17 new oil exploration blocks, bringing its total to 63 and aims to auction them in a licensing round in 2017, Kenyan newspapers quoted Ministry of Energy and Petroleum saying on Saturday.
Kenya recorded the fastest rise in foreign direct investments (FDI) in Africa and the Middle East, at 47 per cent, that saw 84 projects in diverse sectors initiated in 2015.
Kenya’s April inflation has dropped to a 34 Month low of 5.27% down from 6.45% recorded a month earlier representing the lowest point since June 2013 when it touched 4.91%. This is the fifth month in a row that the cost of living measure has dropped since December when it stood at 8%.
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