Kenya’s Cap On Interest Rates Threatens EAC Monetary Union

A law capping interest rates in Kenya has stoked fears of copycat legislation in East Africa and a reversal of common integration policies ahead of the launch of a regional monetary union. By virtue of Kenya being the most developed economy in the East Africa Community, its apparent abandonment of the free market ideals at … Read more

Kenya: 10,000 Police, $1.2 M Raised Ahead of Pope’s Visit

Kenya said on Sunday it may deploy as many as 10,000 police officers to boost security during a visit by Pope Francis later this month, as the country readies for crowds of one million people. Islamist rebels have staged a string of attacks in Kenya, including an April massacre at Garissa university in which 148 … Read more