David Herbling's profile photo

David Herbling

Nairobi

Correspondent at Bloomberg News

Educator. Observer. Afro-optimist. Think & do. Corre @BloombergAfrica| Half-marathons keep my think clear. 2015 @AlfredFriendly fellow-@chicagotribune (own op)

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Articles

  • 1 day ago | bloomberg.com | David Herbling |Paul Burkhardt

    (Bloomberg) -- Kenya lawmakers said a lack of detail over Tullow Oil Plc’s sale of oil assets to local company Gulf Energy “raises concerns” for the industry in the East African nation. Tullow ended a decade-long quest to develop discoveries in April, when it sold the inland fields for $120 million to Gulf Energy, a Nairobi-based oil and gas trader. Tullow has announced divestments in recent months toward reducing its debt below $1 billion this year.

  • 2 days ago | bloomberg.com | Fred Ojambo |David Herbling

    Downtown Kampala, Uganda. (Bloomberg) -- The World Bank agreed to restart lending to Uganda almost two years after it suspended new loans to the East African country following its enactment of a harsh anti-LGBTQ law.

  • 1 week ago | bloomberg.com | David Herbling

    An employee talks to customers inside a tech store in downtown Nairobi, Kenya. (Bloomberg) -- Kenya’s sustained low inflation rate may be a sign of a struggling economy, analysts warned, casting doubt on policymakers’ contentions that slowing price growth is down to effective policy.

  • 1 week ago | bloomberg.com | David Herbling

    Street vendors sell second-hand clothing on a shopping street in downtown Nairobi, Kenya, on Saturday, Dec. 5, 2020. Kenya is seeking a loan of as much as $2.3 billion from the International Monetary Fund under the lender’s extended fund facility.

  • 1 week ago | bloomberg.com | David Herbling

    Road contractors in Nairobi. (Bloomberg) -- China Road and Bridge Corp. and Kenya’s biggest pension fund jointly bid to build a 175-kilometer (109-mile) part of a highway linking the East African nation’s capital to neighboring Uganda. The National Social Security Fund, which manages 477 billion shillings ($3.7 billion), will join China Road for the project to construct the road from Nairobi to Mau Summit.

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David Herbling
David Herbling @herbling
18 Apr 25

RT @business: Kenya is seeking realistic targets in a new program with the International Monetary Fund following deadly protests over taxes…

David Herbling
David Herbling @herbling
7 Apr 25

RT @business: Kenya renews a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and renegotiated lower marg…

David Herbling
David Herbling @herbling
19 Dec 24

RT @BloombergAfrica: A slowing economy, bribery allegations against Adani and strained relations with Canada —here's a look back at Modi's…