Edition:
United States

Omar Mohammed

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.

Kenya's NIC Group shareholders back merger with CBA

Apr 17 2019

NAIROBI NIC Group's shareholders have approved its merger with the Commercial Bank of Africa, the company said on Wednesday, paving the way for the two companies to create the third-biggest bank by assets in East Africa.

Gunmen abduct two Cuban doctors in Kenya, police arrest their driver

Apr 12 2019

NAIROBI Gunmen abducted two Cuban doctors near Kenya's border with Somalia on Friday as they were going to work, and shot dead a police officer guarding them, authorities said.

Sub-Saharan economic growth recovery to take longer: World Bank

Apr 10 2019

NAIROBI The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on Monday. | Video

Sub-Saharan economic growth recovery to take longer -World Bank

Apr 08 2019

NAIROBI, April 8 The World Bank has cut its growth forecast for Sub-Saharan Africa this year to 2.8 percent from an initial 3.3 percent, it said on Monday.

Tanzania charges Vodacom Tanzania MD with economic crimes: court documents

Apr 03 2019

DAR ES SALAAM Tanzanian authorities on Wednesday charged the managing director of Vodacom Tanzania and other telecom executives with economic crimes, court documents seen by Reuters showed.

NBA to invest millions of dollars in new African league

Apr 02 2019

NAIROBI The NBA will invest millions of dollars in Basketball Africa League, its first professional league outside of North America, and will be hands-on in its operation, a top executive said on Tuesday.

UPDATE 1-Kenya in no rush over new IMF standby facility -central bank chief

Mar 28 2019

NAIROBI, March 28 Kenya is in no rush to secure a new standby credit facility with the International Monetary Fund as its economy continues to show strength, central bank governor Patrick Njoroge said on Thursday.

Kenya in no rush over new IMF standby facility -central bank chief

Mar 28 2019

NAIROBI, March 28 Kenya is in no rush to secure a new standby credit facility with the International Monetary Fund as its economy continues to show strength, central bank governor Patrick Njoroge said on Thursday.

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