Kenya Ranks Among Top Five Improving Nations In Corporate Governance

A new report by Institute of Directors Kenya shows that the East African country ranks 14th in Africa, and is one of the top five improving nations in corporate governance.

The report comes on the back of investment firm Cytonn Investments saying that at least 2.6 billion dollars of investor’s wealth had been lost as a result of corporate governance malpractices.

Pound Gains As Bank Of England Holds Off Rate Cut

A Kuwaiti vendor holds British Pound banknotes at a money exchange shop in Kuwait City. / AFP / YASSER

The pound built on the previous day’s gains in Asia Friday after the Bank of England surprised markets by holding fire on an interest rate cut at its first meeting since Britain voted to leave the European Union.

Many had expected a move to counter the fallout from the shock vote last month, and after Bank chief Mark Carney hinted more easing was in store.