Kenya's East African Portland Cement full-year earnings drop
NAIROBI (Reuters) - Kenya's East African Portland Cement posted a net loss of 386 million shillings ($4.32 million) for the year ended June 30, saying it had been hurt by price competition, high staff costs and the weakening shilling. A year ago, Kenya's No. 3 cement producer posted a net profit of 1.7 billion shillings The company will not pay a dividend this year, it said in its results ...
Kenya in Talks With Banks to Cut Mortgage Rates to Spur Housing
The Kenyan government is negotiating with local banks to reduce the interest lenders charge on mortgages to single digits, as authorities try to make purchasing a home affordable in East Africa’s biggest economy.
WADA meets Kenya officials over doping report
The World Anti-Doping Agency will help create a new anti-doping body in Kenya after a report concluded the East African country - a longtime producer of champion distance runners - has no effective program to fight drug cheating. Separately, the International Rugby Board said on Thursday it was taking seriously allegations against Kenyan rugby after the same government-commissioned report into ...
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