Game Changer The Kenyan government, through the state entity, National Oil Corporation, plans to raise US$1 billion to buy a stake in an oil project currently operated by Tullow Oil Plc and other partners. When fully operational, the game-changing Turkana oilfields will transform Kenya from a net oil importer to a net exporter - based on current consumption of 114,000 barrels a day against a projected production of 120,000 barrels per day. At the same time, Tullow Oil is also

THE BOE SURPRISES MARKETS BY HOLDING RATES In the end, the Bank of England decided to leave interest rates unchanged. A 7-2 majority on the MPC voted to keep rates on hold at 0.1%, with Ramsden and Saunders the lone voices calling for a 15bp increase to 0.25%. The outcome was finely balanced and not the ‘dead cert’ for a rise that markets were pricing in. Most rate-setters felt that there continued to be value in waiting for additional information, particularly about near-ter

The United Kingdom may have celebrated the three lions during last summer's Euro football tournament but the next few months may present a less welcome kind of three lions. INFLATION The latest UK Consumer Price Index (CPI) data - a key measure of inflation - surged by 3.2% in the last 12 months. The previous month's reading showed the largest ever month-on-month increase since records began in 1997. All this comes at a time of rising energy prices and is, according to the Ba