NAIROBI (Xinhua) --
Liquidity in Kenya’s money market improved this
week after government paid various agencies for services
The boost in
liquidity helped to push down trading between banks and thus the
rate at which they borrow from each other money.
market liquidity conditions improved supported by government
payments. The average volumes traded declined to 90 million U.S.
dollars from 114 million dollars the previous week,” said the
Central Bank on Saturday.
The apex bank
further said banks traded less because they had attained the
average monthly cash reserve requirements threshold.
The weighted average
interbank rate declined to 6.99 percent from 9 percent in the
Kenya warns bus
firms against aiding aliens from Somalia
GARISSA (Xinhua) --
The Kenyan government has warned commuter bus
companies and other transporters against aiding aliens from
neighboring Somalia to make their way to Kenyan capital,
Regional Commissioner Mohamed Birik told journalists in Garissa
on Sunday that the government is closely monitoring the bus
companies and the transporters with a view of taking stern
measures against them.
Birik said it has
been established that bus companies and transporters in the
region play a significant role in the matters of transit of
“We want to ask all
the bus companies not to engage in this illicit business of
transporting aliens in this region. We know and understand that
some of these aliens are indeed possibly members of the al-Shabab
terror group,” Birik said.
said to curb the vice, the government will increase and enhance
the road blocks and in particularly the Modigar and Tana Bridge.
Cases of human
smuggling have been on the rise in the region with hundreds of
young men from neighboring countries finding their way into
South Africa through Kenya in search of employment.
The authorities said
several aliens who find their way into the Kenyan police cells
have tripled in the past few weeks over stretching the capacity
of the cells in the East African nation.