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Kenya Plans Sovereign Wealth Fund Before Oil Cash

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AFRICANGLOBE - Kenya's planned sovereign wealth fund will be set up before the expected flow of oil money from recent discoveries in the country's north. Acting Central Bank of Kenya chairman Mbui Wagacha said the framework for the sovereign wealth fund had been completed and that it was being fine-tuned.

Kenya’s Mobile Money Transfer Hits $5 Billion In Q1

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AFRICANGLOBE - A Central Bank of Kenya (CBK) report has shown mobile phone based transactions across all networks reached KSh425 billion ($5 billion) in the first three months of 2013, but value dropped month on month.
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