Kenya plans to sign a concession accord this week with Fenxi Mining Industry Co. of China to develop a coal deposit of 400 million metric tons, ending a two- year delay and enabling the state to tender 31 more blocks.
BitPesa Ltd., a Kenyan start-up, will take on remittance providers like Western Union Co. by using the Bitcoin virtual currency to cut transaction costs for Kenyans working abroad who send home $1.2 billion a year.
Kenya suspended issuing new licenses for wind farms and solar plants until 2017 as it prioritizes development of cheaper fuel-based sources to help cut electricity prices, Energy Secretary Davis Chirchir said.
Kenya, which has declared a polio outbreak a public emergency, vaccinated more than 5 million children to curb the spread of the viral disease after a spate of cases in eastern Africa, the United Nations said.
Kenya’s cabinet passed a 116 billion-shilling ($1.3 billion) supplementary budget that will re-allocate cash to pay for an increase in public-worker wages in the fiscal year through June, according to the Treasury.