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Kenya top bank vows ‘no trade-offs’ in rate spat

Bloomberg Kenya’s biggest bank by market value is not giving up an inch as lenders go head-to-head with the government over what they can charge customers. The introduction of interest-rate caps in late 2016 has caused lending to grind to a near halt, spurring the International Monetary Fund to warn that growth in East Africa’s largest economy could suffer if ...

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BOE piloting anonymous job applications to improve diversity

Bloomberg The Bank of England is piloting anonymous job applications to promote diversity. The more than three-century old central bank only appointed its first female senior official in 1988, according to a speech by Chief Operating Officer Joanna Place at an event in London. It’s one of a handful of new measures to boost the proportion of women at that ...

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Kenya Airways plans to add 20 new routes in five years

Bloomberg Kenya Airways Plc plans to add as many as 20 new destinations in Africa, Europe and Asia in the next five years, Chief Executive Officer Sebastian Mikosz said. The route-network expansion will help sub-Saharan Africa’s third-biggest carrier, in the midst of a turnaround programme after a record loss in 2016, return to profit. The airline reported a 6.1 billion-shilling ...

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