Kenya

    South African owners of Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two Rivers, are selling the three hotels to private equity fund Actis for Sh1 billion.

    Kenya has kicked off its fourth Eurobond offer with a promise to review the size of the economy later in the year through a rebasing similar to the one conducted in 2014.

    Kenya’s annual inflation rose to 5.9% in March, the highest rate in 10 months, from 5.8% in February. The inflation rate maintained an upward trend mainly due to the increase in the price of fuel and some food items during that period. According to data from the Central Bank of Kenya, fuel price went up by 15.8% while the price of food items rose 6.7%. Non-fuel and non-food prices increased by 2.3%.

    More Articles …

    1. Fitch Affirms Kenya Rating at ‘B+’; Outlook Negative
    2. Kenya maintains rate 7th time, sees economic rebound
    3. S&P downgrades Kenya’s credit rating to ‘B’
    4. French group EDF buys stake in Kenyan energy companies
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