Ruto Inks Historic Trade Deal With UAE
UAE ranks Kenya as sixth-largest export destination and second-largest source of imports, accounting for 16pc of Kenya’s total imports.
UAE ranks Kenya as sixth-largest export destination and second-largest source of imports, accounting for 16pc of Kenya’s total imports.
In July, the bank was also robbed of Sh1.5 billion in a separate incident. The main suspect in that incident, David Machiri, has been missing since being picked up by DCI officers in August.
(Reuters)-Kenya’s government is close to agreeing a $1.5 billion (Approx KES194 billion) loan from the United Arab Emirates with an interest rate of 8.2% which will help bridge the East African nation’s financing gap, a source familiar with the situation told Reuters. “Kenya is diversifying its sources of budget support,” said the source, adding the […]