China, Kenya pledge closer cooperation
Chinese Vice President Xi Jinping and Kenyan Prime Minister Raila Amollo Odinga on Thursday agreed to further promote bilateral cooperation between the two countries.
The two leaders met on the sidelines of the Fifth Ministerial Conference of the Forumon China-Africa Cooperation (FOCAC),
Kenya's CfC Stanbic Bank's H1 profit jumps 37 pct
Kenya's CfC Stanbic Bank, the main business of CfC Holdings, posted a 36.5 percent jump in pretax profit for the first half of the year, it said on Monday, without disclosing any reasons for the rise.
It is easier to do business in Kenya now, says KenInvest
The Kenya Investment Authority says changes in the regulatory and business environment will make Kenya the preferred FDI destination in the East African region.
Kenya attracted investments worth $470-million in the first half of this year, largely from foreign investors, data from the Kenya Investment Authority (KenInvest) shows.
China bolsters Africa ties with $20b in loans
Beijing: Chinese President Hu Jintao on Thursday offered $20 billion (Dh73.4 billion) in loans to African countries over the next three years, boosting a relationship that has been criticised by the West and given Beijing growing access to the resource-rich continent.
