In the headlines oflate
The newly-appointed envoy pledged to strengthen economic ties between Kenya and his country.
And yeah...our "journalists" never fail to disappoint who does the editing?

General Electric Company is partnering with Kenyan government in setting up one of the largest wind generation project to develop 1,000 megawatts of power in the country

Officials from Belgium, which donated the vessel that will also be used to patrol Kenya’s exclusive economic zone and prospect for petroleum and gas, arrived in Mombasa over the weekend

Interesting ---> Nakuru traders to enjoy free Wi-Fi services http://www.businessdailyafrica..../-/129y9qoz/-/index.html

KE needs to speed up setting up of commodities exchange. Ashamed to read this ---> http://www.businessdailyafrica....78/-/s59f39/-/index.html

President Uhuru reduces cost of subsidised fertiliser

“In time, the fertiliser subsidy will grow to cover every one of our high value crops – tea, coffee, pyrethrum and sugarcane among them. It would be far better if every shilling of our fertiliser subsidy created jobs for our youth,” the President said.

He said feasibility study for the establishment a fertiliser manufacturing plant in the country is also complete and plans are underway to implement its recommendations.

the government plans to borrow more from foreign lenders as opposed to the domestic market

Banks will lend more to those who can pay-the middle class consumers. My biggest problem with the current account deficit is not the consumerism but the machinery imports for the mega-projects. So far nothing serious from jubilee govt on increasing exports, EPZ are now forgotten

MPs have threatened to introduce a law to control the interest rates charged by banks on loans. The lawmakers yesterday said the interest rates charged currently are too high and are stifling development and youth empowerment.

Local banks have been charging interest rates of between 14 and 20 per cent despite the Central Bank of Kenya retaining the benchmark rate at 8.5 per cent.

While supporting a proposed law that demands 30 per cent of public tenders be awarded to the youth, the MPs said banks remain a great impediment to the economic growth for many Kenyans.

The Public Procurement and Disposal (Amendment) Bill was brought to the House by nominated MP Johnson Sakaja. Suba MP John Mbadi said it is time for Parliament to legislate and force banks to lower interest rates on loans.

He said the banks have over the years resisted control of interest rates charged and continued to exploit Kenyans. Mbadi said the Jubilee government should take advantage of its numbers in the House to pass a legislation to control the rates.

Nominated MP Amina Abdalla said foreign contractors are borrowing cheaply from banks in their countries while local contractors are choking as a result of the high interest rates at home.

She said this has made it impossible for local contractors to compete with their foreign counterparts. Kipkelion West MP Jackson Rop said lack of cheap loans hinders establishment of businesses by many young people.

“The youth should be given loans that are cheap so that they can start businesses,” Rop said.Othaya MP Mary Wambui said banks have been demanding for collateral, which the youth do not have. She said there are a lot of conditions barring the youth from advancement.
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Commendable progress ---> Lenders set to share data on good borrowers http://www.businessdailyafrica....54/-/vilalz/-/index.html