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NAIROBI, Dec. 17 (Xinhua) -- Kenyan President Uhuru Kenyatta on Sunday congratulated the national soccer team, Harambee Stars http://www.cheapmlbgiantsshop.com/willie-mays/ , for winning the 2017 CECAFA Senior Challenge Cup.
The national soccer team emerged winners after they beat Zanzibar 3-2 on post-match penalties at the finals of the tournament for teams from east and central Africa at Kenyatta Stadium in Machakos, in eastern Kenya.
In a statement issued in Nairobi, Kenyatta commended the players and football officials for their teamwork, discipline, determination and vision that has yield success.
"On behalf of an adoring and grateful nation and my government, I congratulate our national team http://www.cheapmlbgiantsshop.com/ , Harambee Stars, for playing valiantly right from the preliminaries to the finals and emerging the CECAFA champions. You have done us proud," he said.
Harambee Stars started the match with Ovella Ochieng's seventh minute free kick beating Zanzibar keeper, Mohamed Abdurahman.
The lead seemed on course to seal the title before substitute Khamis Mussa slotted a low cross to level the score with three minutes left.
Masud Juma restored Kenya's lead eight minutes into extra time before Zanzibar hit back two minutes later through Khamis to send the game to penalties.
Kenyan goalkeeper saved three penalties, enabling the Stars to win the tournament on 3-2.
Kenyatta said Harambee Star's victory proved that with proper focus, commitment and organization http://www.cheapmlbgiantsshop.com/derek-holland/ , the country has the potential to become a soccer powerhouse in the region as well as in the continent.
He affirmed his commitment to supporting the development of sports as an avenue to nurture talents and empower the youth.
BEIJING, Dec. 14 (Xinhua) -- The central bank's yuan funds outstanding for foreign exchange increased for the third month in a row in November, a sign of eased capital flight pressure.
The funds grew by 2.37 billion yuan (359 million U.S. dollars) in November, compared with an increase of 2.1 billion yuan in October, according to the data from the People's Bank of China Thursday.
As the Chinese currency is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by China's trade surplus and foreign investment in the country http://www.cheapmlbgiantsshop.com/austin-jackson/ , adding funds to the money market.
Such funds are an important indicator of cross-border foreign capital flows and domestic yuan liquidity. An increase in the funds usually signals eased capital flight pressure, while a decrease often means higher capital flight pressure.
Analysts partly attributed the increase in November to a stronger yuan that discouraged capital outflow. The value of the Chinese currency rallied due to a weaker U.S. dollar and the firming-up of the Chinese economy.
Capital flight was seen as a major risk for China early this year. A faltering U.S. dollar and a stronger Chinese economy helped the yuan stage a turnaround, bolstering confidence in the economy.
Measured by the central parity rate, the yuan has appreciated more than 4 percent against the dollar this year.
The rise of the funds was in line with the upward trend of foreign exchange reserves, which rose for the 10th month in a row to over 3.1 trillion U.S. dollars at the end of November, according to the central bank.
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