Kenya Breaking News, Business Information, Articles, Africa - kenyadetails

Sri Lanka to expand diplomatic relations with Africa

Sri Lanka is expanding its diplomatic presence in Africa with plans to set up new missions in 15 countries, a move that comes after Colombo got support from African nations at the UN human rights council vote on a castigating resolution.

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Bank of China comes to Kenya

Bank of China

NAIROBI – The Central Bank of Kenya (CBK) has granted authority to Bank of China Limited (BOC) to open a Representative Office in Kenya.The authority, issued pursuant to Section 43 of the Banking Act (Cap 488), makes Bank of China Limited the fifth foreign bank to be authorised by the Central Bank to establish such an office in Kenya.

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Africa Oil says finds additional oil in Kenya well

NAIROBI — Canada’s Africa Oil said on Wednesday its estimate of the amount of potential oil in its Kenyan well has increased by a third since the east African country announced its first oil discovery in March.

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Kenya’s progress on reforms attracts World Bank funding

Africa Region Shantayanan Devarajan

Kenya’s administrative reforms are set to pay off with the World Bank planning to give the government money under a programme for poor countries.

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