FINANCE EA DAILY BUSINESS NEW SUMMARY

Safaricom is set to earn Sh53.5 billion for installing smart electricity meters to Kenya Power’s large consumers in a deal aimed at curbing power theft and leakages and fixing weaknesses on the utility firm’s transmission network…..Business Daily

Foreign investors at the Nairobi Securities Exchange (NSE) recorded net inflows of Sh242.3 million last week, reversing the previous week’s net outflows of Sh208.5 million as they bulked up on Safaricom and large banks’ shares….Business Daily

A new analysis of the composition of Kenya’s bilateral lenders by Central Bank of Kenya (CBK) shows that China controlled less than one per cent of Kenya’s external debt portfolio in 2006.

By June 2011, however, the Asian giant was at position three, behind France and Japan, on the list of top lenders…..Nation

IPO Mania Skips Africa, Where Fast-Growing Firms Prefer Debt…Bloomberg

Governor Njoroge wants MPs to ensure the government does not take on new debt even as past obligations fall due….The Standard 

The ongoing recovery of key economic sectors will ease pressure on the CBK to roll out additional policy support measures despite a 0.3 percent contraction last year….Business Daily

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