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.
Kenya’s progress on reforms attracts World Bank funding
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.
Bank of China comes to Kenya
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.
Kenya: KTDA to Build One Billion Plant
THE Kenya Tea Development Agency will construct a Sh1 billion hydro-power generating plant company, it was revealed yesterday. The Settet Power Generation Company will be constructed in two phases on Itare and Kipsonoi rivers in Bomet county, said company chairman Andrew Langat. So far, KTDA members have raised Sh123, 278,862 for the project.
