Friday, April 29, 2011

Kenya prices climb by 12 per cent

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Kenya’s year-on-year inflation rate rose for the sixth month in a row to 12.05 per cent in April from 9.19 percent in March. “Inflation will remain comparatively high. Political stability affects inflation and investments of a country,” said Kwame Owino, chief executive officer of the Institute of Economic Affairs in Kenya. “As the crisis builds up in Uganda, it’s clear a ‘law and order’ approach will not suffice because that will not bring down the cost of living. Maybe if they

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