Edition:
India

George Obulutsa

UPDATE 1-Kenya forecasts 6.3 pct economic growth in 2019

04 Apr 2019

NAIROBI, April 4 Kenya's economy should grow an improved 6.3 percent in 2019, President Uhuru Kenyatta said on Thursday, citing an improved business environment and his government's push to boost manufacturing, food production and access to housing.

Ethiopia plane crash investigation team arrives in Paris

15 Mar 2019

NAIROBI An Ethiopian team investigating the crash of flight ET302, which killed 157 people, has arrived in Paris, where the aircraft's black boxes are being examined, the airline said on Friday.

UPDATE 1-Kenya bank shares up after court ruling on interest rate caps

15 Mar 2019

NAIROBI, March 15 Kenyan banks' share prices rose on the Nairobi Securities Exchange on Friday, a day after a court ruling declared interest rate caps unconstitutional and gave parliament 12 months to review them, traders said.

Ethiopia plane crash investigation team arrives in Paris

15 Mar 2019

NAIROBI An Ethiopian team investigating the crash of flight ET302, which killed 157 people, has arrived in Paris, where the aircraft's black boxes are being examined, the airline said on Friday.

Corrected: Ethiopia plane crash investigation team arrives in Paris

15 Mar 2019

(Corrects para 4 to make clear description of black box is of flight data recorder only)

UPDATE 1-Kenya's Commercial Bank of Africa says shareholders accept NIC Group merger

15 Mar 2019

NAIROBI, March 15 Kenya's Commercial Bank of Africa said on Friday its shareholders had accepted a share swap with NIC Group, paving the way for the first major merger in the sector since interest rate caps were imposed in 2016.

Kenya's KCB Group reports rebound in annual earnings, shares up

06 Mar 2019

NAIROBI Kenya's KCB Group reported a 22 percent rise in annual net profit to 24 billion Kenyan shillings ($240 million) on Wednesday after a flat 2017 and forecast double digit growth this year.

UPDATE 2-Kenya's KCB Group reports rebound in annual earnings, shares up

06 Mar 2019

NAIROBI, March 6 Kenya's KCB Group reported a 22 percent rise in annual net profit to 24 billion Kenyan shillings ($240 million) on Wednesday after a flat 2017 and forecast double digit growth this year.

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

14 Feb 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

31 Jan 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.

World News