Top news items in Kenya's major media outlets
Xinhua,March 21, 2018 Adjust font size:
NAIROBI, March 20 (Xinhua) -- The following are the news highlights in Kenyan media outlets on Tuesday.
-- Kenya is slowly splitting at the Rift Valley, geologists have said after massive earth movement on Monday morning left deep fissures in Narok. At the intersection of the damage with the busy Mai Mahiu-Narok road, what was recently a fertile, arable land has been reduced to a rugged expanse, with a huge tear that is as much as 50 feet deep and more than 20 meters wide. The spot, however, is just one of the tens of other weak ones on the Great Rift Valley which runs through the continent from the Horn of Africa to Mozambique, scientists say. (Daily Nation)
-- Kenyans will now pay 0.5 percentage less on all commercial loans following a revision of the Central Bank base lending rate from 10 percent to 9.5 percent on Monday. (The Star).
-- County governments are struggling to meet their financial obligations due to delays by the National Treasury to disburse funds. Some of the counties have not even paid last month's salaries. (The Standard).
-- The Treasury has called in the proceeds of a recent Eurobond issue in a move that has significantly boosted foreign exchange reserves at the Central Bank and paved way for spending of the cash to begin. (Business Daily) Enditem