Results for Africa
- Low Worker Output Sets Stage For Growth Without Jobs
Kenya may be headed for a jobless recovery, economists said, citing new labour market data showing that the productivity of workers has declined to record levels, forcing businesses to turn to capital for additional capacity to keep pace with growth, B ...
Daily Headline - global.abi.org - 04/02/2010 - 07:38 - 0 comments
- Greek Plan Extends IMF's Sway
The euro zone's decision to include the International Monetary Fund in any Greek rescue plan extends the Fund's influence to a large swath of the world economy—and gives a political boost to its managing director, The Wall Street Journal re ...
Daily Headline - global.abi.org - 03/29/2010 - 07:25 - 0 comments
- Why Kenyans Are Paying A High Price For Bank Loans
Commercial banks are charging high premiums for difficulties they face establishing the value and authenticity of securities that their customers offer for loans, pushing the cost of credit beyond the reach of many Kenyans, a new lending market report in ...
Daily Headline - global.abi.org - 03/25/2010 - 04:34 - 0 comments
- Treasury Overshoots Domestic Debt Limit
Kenya’s treasury has busted its domestic borrowing target for the current financial year, pointing to the fact that the economy is not out of the woods yet and sparking debate over the country’s ability to cope with the debt in the long term, Business ...
Daily Headline - global.abi.org - 03/23/2010 - 10:30 - 0 comments
- Uchumi Supermarket of Kenya Says Receivership Ended
Kenya Commercial Bank Ltd. and PTA Bank Ltd. have ended the receivership of Uchumi Supermarket Ltd., the retail chain said on its Web site yesterday, BusinessWeek reported on a Bloomberg story. Specialized Receiver Manager, Jonathan Ciano, has been a ...
Daily Headline - global.abi.org - 03/08/2010 - 01:02 - 0 comments
- Judge To Continue Hearing KPCU Receivership Case
A judge has thrown out an application by Kenya Commercial Bank urging him to disqualify himself from hearing a dispute between it and the Kenya Planters Co-operative Union (KPCU), Business Daily reported. Commercial Court Judge, Mr Justice Muga Apond ...
Daily Headline - global.abi.org - 02/22/2010 - 10:46 - 0 comments
- Banks Hit In War On Land Grabbing
at more than Sh1 billion signalling the extent of damage to banks that lent money to the land owners ...
Daily Headline - global.abi.org - 02/12/2010 - 12:26 - 0 comments
- Ngenye Kariuki Stockbrokers Has Been Placed Under Statutory Management
The Chief Executive officer of the Capital Markets Authority Stella Kilonzo said the firm has been found not to be in compliance with the legal and regulatory provisions as outlined in the CMA Act for some time. Wycliffe Shamiah has been appointed the S ...
Daily Headline - global.abi.org - 02/05/2010 - 11:05 - 0 comments
- Dubai Bailout Rally Evaporates on Standstill Silence
Authority said Jan. 17 it delayed a $1.5 billion bond sale as borrowing costs were too high. Lack of clarity ...
Daily Headline - global.abi.org - 02/03/2010 - 10:36 - 0 comments
- Dubai World Silence on Debt Standstill Evaporates Bailout Rally
Dubai’s failure to reassure investors its restructuring plan will succeed is causing the emirate’s benchmark stock index to drop the most in the world and forcing companies to scrap bond sales, BusinessWeek reported on a Bloomberg story. The Dubai Fi ...
Daily Headline - global.abi.org - 02/01/2010 - 11:09 - 0 comments