Edition:
United States

Omar Mohammed

UPDATE 2-Kenya's KCB Group confident of sealing NBK deal as H1 rises

Aug 15 2019

NAIROBI, Aug 15 Kenya's biggest lender by assets KCB Group is confident of sealing its takeover offer of National Bank of Kenya to increase its market share, its chief executive said after reporting a 5% rise in first-half profit.

Renationalization unlikely to fly Kenya Airways back to profit

Aug 01 2019

NAIROBI By taking back full control of Kenya Airways , lawmakers are banking on Kenya's ability to replicate the profitable example of Ethiopia's state-owned flag carrier Ethiopian Airlines.

World Bank contradicts Tanzania's growth estimates

Jul 18 2019

NAIROBI, July 18 Tanzania's economy expanded 5.2% in 2018, the World Bank said on Thursday, the second major report this year from a multilateral financial institution contradicting rosier government figures.

CORRECTED-UPDATE 3-Kenya's Safaricom names ex-CEO Joseph as interim replacement for Collymore

Jul 02 2019

NAIROBI, July 2 Kenya's Safaricom named board member and former chief executive Michael Joseph as its interim CEO on Tuesday after the telecom firm's long-time head Bob Collymore died on Monday following a nearly two-year battle with cancer.

Bob Collymore, the Safaricom CEO who connected with Kenyans

Jul 01 2019

NAIROBI When Bob Collymore, the CEO of Kenya's Safaricom , wanted to know about his poorest customers, he would catch a local bus or walk around Kenya's slums with a prominent anti-corruption activist. | Video

CEO Collymore, who built Safaricom into $11 billion telco, dies of cancer

Jul 01 2019

NAIROBI Bob Collymore, the chief executive who helped to turn Safaricom Plc into East Africa's most profitable company with an $11 billion valuation, has died after a nearly two-year long battle with cancer. | Video

Jumia Food looks beyond Africa's middle class for growth

Jun 25 2019

NAIROBI Jumia Food, a unit of New York-listed e-commerce platform Jumia Technologies is offering cheaper menu options in its African home market to attract lower income earners as it seeks to boost growth, the delivery company said. | Video

UPDATE 2-Kenya needs to begin reorganizing debt, room for borrowing has shrunk -central bank chief

May 28 2019

NAIROBI, May 28 Kenya's headroom for new borrowing has shrunk since it tapped the Eurobond market this month and it is time for the country to begin reorganising its debt, central bank governor Patrick Njoroge said on Tuesday.

UPDATE 2-Kenya's Equity bank eyes more profit from subsidiaries after subdued Q1

May 09 2019

* Rising Tanzania bad loans weigh on performance (Adds details, quotes)

World Bank approves $250 mln loan to Kenya for affordable housing

May 01 2019

NAIROBI, May 1 The World Bank approved a $250 million loan to Kenya to help with affordable housing in the East African nation, where many would-be home owners struggle to obtain long term housing finance, the bank said on Wednesday.

World News