Treasury aims to raise KES 15bn with reopening of 15-year paper The National Treasury is seeking to raise KES 15 billion in a 15-year bond sale. The fixed-income paper, which offers 10.25% as interest payable twice a year, closes next Tuesday, November 18. The Treasury has avoided offering such long-dated securities to…

Kenyan shilling firms but still vulnerable, stocks inch lower The Kenya shilling closed at 89.20/89.30 to the dollar, compared with Wednesday’s close of 89.25/45, having reached an intraday high of 88.90/89.10. The shilling is expected to stay under pressure with hard currency inflows taking a beating after Kenyan officials failed to meet a Sept. 30…

1. Court Sentences 6 AP Officers to Death The High court has sentenced six administration police officers to death for killing seven taxi drivers in along Naivasha Road in Kawangware, Nairobi on March 11 2010. The six, Ahmed Omar, Ahmed…

1. Thousands of Toyotas Recalled Over Glitch Three instances of steering ‘problems’ have been reported here, as Toyota recalls up to 34,500 Avensis and Prius models for inspection. It is part of a massive global recall in response to 20 reports of steering ‘knocking’. But…