Edition:
India

Omar Mohammed

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

28 May 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

09 May 2019

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

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

01 May 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

17 Apr 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

12 Apr 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

10 Apr 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

08 Apr 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

03 Apr 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

02 Apr 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

28 Mar 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.

World News

"Sea of black" Hong Kong protesters demand leader step down

Hundreds of thousands of people clogged the streets in central Hong Kong on Sunday dressed in black to demand the city's leader step down, a day after she suspended an extradition bill in a dramatic retreat following the most violent protests in decades.