Edition:
United States

George Obulutsa

Tanzania hydropower dam to cost more than double government estimate -study

Feb 14 2019

NAIROBI Tanzania's Stiegler's Gorge Dam, due to be built on a UNESCO World Heritage site, will cost more than double the government's estimates, an independent study showed on Thursday.

UPDATE 2-Kenyan bank NIC to merge with Commercial Bank of Africa

Jan 31 2019

NAIROBI, Jan 31 Kenya's NIC on Thursday announced plans to merge with Commercial Bank of Africa (CBA) to create the third-biggest bank in the region, sending NIC's shares up more than 20 percent.

Kenya bourse aims to launch derivatives market in first half 2019

Jan 30 2019

NAIROBI, Jan 30 The Nairobi stock exchange aims to launch a derivatives market in the first half of 2019 after long delays and wants to list at least two new firms by the end of the year, executives at the Kenyan bourse said on Wednesday.

UPDATE 2-Last 19 missing after deadly Nairobi hotel attack now accounted for -Red Cross

Jan 17 2019

NAIROBI, Jan 17 Nineteen people still missing two days after a Somali militant attack on a Nairobi hotel and office complex that killed 21 people are now accounted for, the Kenyan Red Cross said on Thursday.

Kenya-based foreign firms pledge to stick to Nairobi after attack

Jan 16 2019

NAIROBI International companies with regional headquarters in Kenya said on Wednesday that a deadly militant attack on an upscale Nairobi hotel complex would not scare them away from a city that has long been East Africa's business hub.

Kenya-based foreign firms pledge to stick to Nairobi after attack

Jan 16 2019

NAIROBI International companies with regional headquarters in Kenya said on Wednesday that a deadly militant attack on an upscale Nairobi hotel complex would not scare them away from a city that has long been East Africa's business hub.

Gunmen kill 15 in Kenya hotel compound attack claimed by Somali Islamists

Jan 15 2019

NAIROBI Gunmen blasted their way into a hotel and office complex in the Kenyan capital on Tuesday, killing at least 15 people and sending workers diving under desks to escape an attack claimed by Somalia-based Islamist group al Shabaab. | Video

CORRECTED-UPDATE 5-Gunmen kill 7 in Kenya hotel compound attack claimed by Somali Islamists

Jan 15 2019

NAIROBI, Jan 15 Gunmen blasted their way into a hotel and office complex in the Kenyan capital on Tuesday, killing at least seven people and sending workers diving under desks from an attack claimed by Somali Islamists al Shabaab.

UPDATE 3-Kenya to roll over $760 mln syndicated loan, cut budget deficit

Dec 04 2018

NAIROBI, Dec 4 Kenya is in talks with lenders to roll over a $760 mln syndicated loan this fiscal year and lengthen its maturity in order to make debt repayments more manageable, a senior Treasury official said on Tuesday.

UPDATE 3-Kenya to roll over $760 mln syndicated loan, cut budget deficit

Dec 04 2018

NAIROBI, Dec 4 Kenya is in talks with lenders to roll over a $760 mln syndicated loan this fiscal year and lengthen its maturity in order to make debt repayments more manageable, a senior Treasury official said on Tuesday.

World News

U.S. raises pressure on Maduro via sanctions, aid airlift

The United States ratcheted up pressure on Venezuelan President Nicolas Maduro on Friday by sanctioning some of his top security officials and the head of the state oil company, and unveiling plans to airlift over 200 tons of aid to the Colombian border.