![SA eyes nuclear energy while Kenya maintains 10% benchmark interest rate [Business Africa]](https://static.euronews.com/articles/356770/400x225_356770.jpg)
Business Africa
SA toys with nuclear power plan
Rosatom,Russian state nuclear agency recently submitted a bid for a nuclear power project under the South African government’s proposed new nuclear plant.
It is assumed that the project will help create 10,000 direct jobs; generate a profit of $48.3 billion for local businesses and bring $52.5 billion in tax revenue to the national budget.
Kenya holds benchmark rates
Kenya’s economy was said to be “robust” in the third quarter of 2016, but it still couldn’t determine the impact of the government’s decision to impose a cap on banks’ lendings and deposit rates. Therefore the central bank of Kenya has maintained a benchmark interest rate at 10 percent
Micheal Oduor and Serge Mankou report.
00:22
Boniface Kariuki, a Kenyan mask vendor shot at close range laid to rest
Go to video
Ruto's $9M mega church sparks outrage amid Kenya's crisis
Go to video
Semenya ruling shakes foundations of gender rules in sport
01:53
SMES under pressure as business confidence hits four-year low in South Africa
Go to video
First Malaria treatment for babies approved
Go to video
AI videos falsely show Kenyan President resigning following deadly protests