The Kenyan shilling has been relatively stable under a hawk-eyed central bank governor who has kept the local currency hemmed in a relatively tight band in recent years. CBK governor Patrick Njoroge has used all the tools at his disposal to reign in a currency some, including the World Bank, IMF, Renaissance Capital and Amana…
– Proposes a life-line fund as a macro intervention– Moratorium: We don’t the fiscal space to borrow and spend domestically. That’s where the IMFs are coming in– People are challenging this not because they don’t agree but just because they don’t like the guy who came up with it.– The biggest challenge if…
When London-based Acacia Mining announced it had found “inferred mineral resources” on the Liranda Corridor, its shares jumped as much as 2.46% as a number of investment brokers adjusted their price target on the Africa-focused mining company to a ‘strong buy’.
In an opinion piece in the Business Daily Sheel Gill of KPMG East Africa suggests that most small and medium sized companies in the region may have to shape up by merging with bigger ones or shape out by getting acquired all together in order to survive the coming growth boom fueled by the oil money.
