Kenya

Kenya plans to create the region’s first hedge fund for keeping electricity prices stable following complaints by manufacturers and businesses over sharp fluctuations in power costs.

Moody's Investors Service has placed the B1 long-term issuer rating of the government of Kenya on review for downgrade.

The Central Bank of Kenya (CBK) on Monday maintained the benchmark lending rate at 10 percent in order to anchor inflation expectations.

Troubled Nakumatt Supermarket has turned to Tuskys in bid to rescue its dwindling business. The two retailers have signed a merger deal that will help revive Nakumatt whose shelves have been empty for a long time.