<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="5000" height="3483" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/XFBSMRNLQVND3AANHME4FQBHPQ.avif" alt="" class="wp-image-612391"/><figcaption class="wp-element-caption">A severely malnourished child drinks from a bottle, at a camp for internally displaced people in Afdera town, Afar region, Ethiopia, February 23, 2022. REUTERS/Tiksa Negeri/File Photo</figcaption></figure>



GENEVA, April 22 (Reuters)&nbsp;&#8211;&nbsp;The World Food Programme suspended malnutrition treatment for 650,000 malnourished women and children in Ethiopia this week due to severe funding shortages, the U.N. agency said, with millions more at risk of losing access to aid.



WFP gets financing from 15-20 donors including the United States but many of them have cut funding this year, said Zlatan Milisic, WFP Country Director in Ethiopia. The agency has received exemptions from U.S. President Donald Trump&#8217;s aid freeze that has disrupted humanitarian work around the world, he added, but little for 2025 so far.



More than 10 million people in Ethiopia are gravely short of food, including 3 million displaced by conflict and extreme weather conditions as well as refugees from war-torn neighbouring Sudan, according to WFP.



Milisic said WFP had already reduced rations in recent months but that its operations were now at &#8220;breaking point&#8221; due to severe underfunding, forcing more drastic measures.



&#8220;We&#8217;ve been left no choice but to this week suspend treatment for 650,000 malnourished women and children — simply because we&#8217;ve run out of commodities and funding,&#8221; he told a Geneva press briefing by video from Addis Ababa.



A&nbsp;WFP&nbsp;spokesperson later added that those cut off were in various locations including the northern regions of Tigray and Afar, and that the U.N. agency is actively seeking funding to purchase more supplies to resume treatments.



Around 3.6 million people could lose access to assistance, including some being treated for malnutrition, if more funding is not received by June, Milisic added.



&#8220;I would hope that we will get the resources and put in place measures to really do our best to assist them. But if they don&#8217;t receive assistance, we will have serious consequences.&#8221;



Ethiopia&#8217;s food crisis has worsened in recent years as a result of a 2020-22 civil war in Tigray. The country also faced the Horn of Africa&#8217;s worst drought in decades in 2022.



WFP previously warned of a return of drought conditions to the region this year.



(Reporting by Emma Farge; editing by Mark Heinrich)

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Malnutrition treatments halted in Ethiopia due to underfunding, WFP says

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1080" height="718" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/BTMAPI2PDRK5HKOIM4OI44VDUI.avif" alt="" class="wp-image-610467"/><figcaption class="wp-element-caption">Members of the Kimasas cooperative society, accused by Eastern Produce Kenya (EPK) of invading the Sitoi Tea Estate causing substantial financial losses to the company, pluck tea leaves at a plantation in Mosine village of Nandi County, Kenya, January 22, 2025. REUTERS/Monicah Mwang</figcaption></figure>



NANDI HILLS, Kenya, April 17 (Reuters) &#8211; A dispute between a British-owned tea plantation and a local community in western Kenya has come to the boil in what could be a sign of turbulent times ahead for tea producers facing a growing backlash over colonial-era injustices.



On the rolling green hills of the Sitoi estate in Nandi County, more than 100 residents are occupying 350 acres (140 hectares) of land, picking tea and living in huts made of mud and rusty iron sheets while grazing their cattle.



They say the land was gifted to them in 1986 by Eastern Produce Kenya. EPK, which is majority owned by London-listed Camellia Plc, says the gift was for 202 acres (82 hectares), not the 550 acres (222 hectares) that the local Kimasas farmers&#8217; cooperative claims.



Kimasas chairman Daniel Biwott said his grandfather lived on the land before it was seized by British colonists around 1905 and that reclaiming the disputed 350 acres would right a historical wrong.



&#8220;Nothing has happened all these years,&#8221; said Biwott, standing among knee-high bushes where he, his father and his grandfather once worked as EPK employees. &#8220;This is the time to solve it.&#8221;



The standoff follows several violent incidents at estates in Kenya, the world&#8217;s fourth-leading tea producer. In January, a farm belonging to Sri Lankan-owned Browns Plantations was attacked and more than 100 eucalyptus trees uprooted, according to the Kenya Tea Growers Association (KTGA).



The industry group said in a statement that &#8220;criminal gangs who appear to enjoy political cover&#8221; were behind the &#8220;Zimbabwe-like illegal land invasion&#8221; of Sitoi, referring to seizures of white-owned farms in the early 2000s.



It said EPK was losing over $200,000 per month and the incidents threaten an industry that accounts for nearly a quarter of Kenya&#8217;s export revenues and supports 5 million livelihoods.



Several people working on land issues said the attacks reflect broader frustration with a failure to remedy colonial land grabs.



&#8220;I have tried hard to use the legal system,&#8221; said Joel Kimutai Bosek, a lawyer who has brought litigation against tea companies and the UK government on behalf of local communities without success. &#8220;I think the new or coming generation will be more aggressive.&#8221;



<h2 class="wp-block-heading" id="h-few-remedies">FEW REMEDIES</h2>



During the colonial era from 1895-1963, British authorities seized vast tracts of land, much of which became tea plantations, according to a 2021 U.N. report.



Awareness of historical injustices has grown since 2010, when Kenya established the National Land Commission (NLC) to address the issue, said Samuel Tororei, who was a commissioner until 2019.



But Tororei said the commission&#8217;s effectiveness was undermined by its limited mandate and an &#8220;unholy marriage&#8221; between tea companies and political elites.



Under Kenya&#8217;s 2010 constitution, tea companies&#8217; previous 999-year leases were reduced to 99 years but activists complain the government has not used its ownership of the land to extract meaningful concessions&nbsp;in land or money for local communities.



&#8220;The underlying cause of tension is that you have overseas owners of large-scale plantations which are based on land that was taken from the community,&#8221; said Guy Chambers, managing director from 2015-2022 of Britain&#8217;s James Finlay, which had tea estates in Kenya until 2023.



Kenyan government spokespeople did not respond to requests for comment. The companies say they comply with Kenyan law&nbsp;and accuse some politicians of exploiting historical tensions to undermine their land tenures and advance personal business interests.



Other community attempts to reclaim land have yielded little. Legal options are constrained by statutes of limitations and official immunities, the U.N. report said.



The private equity firm Chambers runs and a community group in the tea-growing county of Kericho jointly bid last year for estates belonging to CVC Capital-owned CVC Lipton in an arrangement that would have fully transferred control to the community within two decades.



Lipton eventually sold to Browns. A spokesperson for Lipton said it chose the best bidder who could help raise standards in the industry. Browns did not respond to a request for comment.



In a 2019 report, the NLC called on the British government to apologise to communities in Kericho and provide reparations.



The British government has not directly responded to that call. Asked for comment, the Foreign, Commonwealth &amp; Development Office said: &#8220;We are concerned by the attacks on tea farms in Nandi and are in contact with the Kenyan authorities.&#8221;



<h2 class="wp-block-heading" id="h-dangerous-precedent">&#8216;DANGEROUS PRECEDENT&#8217;</h2>



EPK first acquired land in Nandi in 1948. It said the current dispute is not over a historical land injustice but rather a gift made on a &#8220;willing donor, willing donee basis&#8221;.



The NLC found in 2019 that all 550 acres belonged to Kimasas. EPK contested that in court, saying Kimasas&#8217; evidence was forged.



As litigation proceeded, more than 200 people,&nbsp;including a national lawmaker from the area,&nbsp;overran the disputed plot on August 3, 2023 and began plucking tea. A court issued an injunction the following day, ordering them to leave.



Most did, but many then returned. In January, squatters attacked a company car and employees, EPK said.



The company said police have not enforced the injunction, while the public prosecutor&#8217;s office told it that any prosecutions risked interfering with the civil case.



&#8220;If we allow this kind of situation where the younger generations now start saying they don&#8217;t have enough and they want more, then it is a dangerous precedent that should be stopped at all costs,&#8221; said EPK general manager Peter Goin.



The police and prosecutor&#8217;s office did not respond to requests for comment. Biwott said Kimasas felt justified occupying the land because there was no final ruling against it.



(Reporting by Jefferson Kahinju, Aaron Ross and Monicah Mwangi; Editing by Giles Elgood)

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Kenya land standoff sends warning to foreign-owned tea estates

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="3834" height="2402" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/5OMVZV4VZBNBNI3UP6TQZXKT2M.avif" alt="" class="wp-image-583183"/><figcaption class="wp-element-caption">A general view shows people walking past the Central Bank of Kenya headquarters building along Haile Selassie avenue in Nairobi, Kenya October 9, 2017. REUTERS/Thomas Mukoya/File Photo</figcaption></figure>



NAIROBI, April 16 (Reuters)&nbsp;&#8211;&nbsp;The Central Bank of Kenya (CBK) will lift a decade-long moratorium on licensing new commercial banks on July 1, it said on Wednesday.



The prohibition was imposed in 2015 against a backdrop of governance, risk management and operational challenges, the central bank said in a statement.



&#8220;Since then, significant strides have been made in strengthening the legal and regulatory framework for Kenya&#8217;s banking sector,&#8221; the CBK said.



A tenfold increase in the minimum core capital requirements for commercial banks to 10 billion Kenyan shillings ($77 million), which was introduced last December, will further strengthen the sector, the bank said.



($1 = 129.3500 Kenyan shillings)



(Reporting by Duncan Miriri; Writing by Hereward Holland)

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Kenya’s cenbank to lift moratorium on new commercial bank licenses

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="5000" height="3035" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/CXYS7WC5YRPUPNY2HNXRUOQOYQ.avif" alt="" class="wp-image-582750"/><figcaption class="wp-element-caption">An aerial view shows the skyline of downtown in Nairobi, Kenya October 8, 2024. Picture taken on October 8, 2024. REUTERS/Thomas Mukoya/File Photo</figcaption></figure>



NAIROBI, April 11 (Reuters) &#8211; Kenya will terminate a 1.3-billion euro highway expansion deal with a consortium led by France&#8217;s Vinci SA with the project expected to go to a Chinese contractor instead, government officials and sources said.



The deal to turn 140 km (87 miles) of single-lane road into a multilane highway linking the capital Nairobi to the Rift Valley city of Nakuru was signed in Paris in 2020 during a visit by then-President Uhuru Kenyatta.



Kenya&#8217;s decision to end the contract comes after government authorities had sought to revisit the terms of the agreement, which the Kenya National Highways Authority (KeNHA) said put the risk from insufficient traffic demand onto the government.



&#8220;KeNHA requested a restructuring of the contract&#8230; but the proposal was considered unbankable thus creating a stalemate,&#8221; the agency told Reuters.



This led to KeNHA issuing a notice of termination to end the public-private partnership contract, it said.



Highway construction for the project had not yet begun.



French private equity group Meridiam SAS and Vinci Concessions &#8211; also a part of the French infrastructure group &#8211; are members of the consortium that is led by Vinci Highways.



Vinci declined to comment on the contract&#8217;s termination. Meridiam did not immediately respond to a request for comment.



Meanwhile, two sources with direct knowledge of the government&#8217;s plan said the contract would be going to a Chinese company, which has not yet been disclosed.



The sources asked not to be named as they were not authorised to speak to media.



Kenya&#8217;s Finance Minister John Mbadi led a team of officials to Beijing this month, where they met senior officials. Domestic media have reported that President William Ruto will be heading to China for a state visit later this month.



(Reporting by Duncan Miriri; Additional reporting by Liz Lee in Beijing; Editing by Karin Strohecker and Joe Bavier)

CXYS7WC5YRPUPNY2HNXRUOQOYQ

Kenya pivots to China, away from France for 1.3-billion euro highway deal

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/12/GettyImages-1251784454-820x547.jpg" alt="" class="wp-image-564339" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/12/GettyImages-1251784454-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/12/GettyImages-1251784454-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/12/GettyImages-1251784454-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/12/GettyImages-1251784454-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/12/GettyImages-1251784454-1536x1024.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/12/GettyImages-1251784454-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">The World Bank Group headquarters during the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Thursday, April 13, 2023. The IMF trimmed its global-growth projections, warning of high uncertainty and risks as financial-sector stress adds to pressures emanating from tighter monetary policy. Photographer: Samuel Corum/Bloomberg via Getty Images</figcaption></figure>



LUSAKA, April 11 (Reuters)&nbsp;&#8211;&nbsp;Zambia will resume construction of a power line linking it to East Africa, creating one of the largest energy markets in the world, a senior World Bank official said on Friday.



Work on the Zambia–Tanzania Interconnector Project is set to resume this month, with estimated completion in 2028, Achim Fock, country manager for Zambia at the World Bank, said on Friday during a signing ceremony.



The $320 million project to connect Zambia and Tanzania&#8217;s power supplies is being financed by the World Bank, the European Union and Britain.



The cost of the remaining work is $298 million, of which a World Bank grant will cover $245 million, Acting Finance Minister Chipoka Mulenga said, at the same event.



The project was first floated more than a decade ago but has been stalled for various reasons, most recently due to COVID-19 as well as concerns over Zambia&#8217;s debt default in late 2020.



Zambia struck a deal with bondholders last year and is seen as a test case for a debt rework under the Common Framework, a G20 platform to bring together big creditors like China and the group of established creditor nations known as the Paris Club.



Fock said an integrated market connecting the Southern and East African power pools would help lower electricity costs and increase energy security, and create new opportunities for trade and investment in the power sector across Africa.



(Reporting by Chris Mfula; Editing by Tannur Anders and Rachna Uppal)

Spring Meetings Of The International Monetary Fund And World Bank

Zambia to resume work on power line link to Tanzania, World Bank official says

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="3834" height="2402" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/02/5OMVZV4VZBNBNI3UP6TQZXKT2M.avif" alt="" class="wp-image-583183"/><figcaption class="wp-element-caption">A general view shows people walking past the Central Bank of Kenya headquarters building along Haile Selassie avenue in Nairobi, Kenya October 9, 2017. REUTERS/Thomas Mukoya/File Photo</figcaption></figure>



NAIROBI, April 9 (Reuters)&nbsp;&#8211;&nbsp;Kenya&#8217;s central bank expects economic growth to accelerate slightly to 5.6% next year from 5.4% this year, the bank&#8217;s governor said on Wednesday.



&#8220;The economy is projected to pick up in 2025 and in 2026 supported by resilience of key service sectors and agriculture, expected recovery in growth of credit to the private sector and also because of improved exports,&#8221; Governor Kamau Thugge told a press conference.



&#8220;The growth outlook is subject to both external and domestic risks, including the trade tensions&#8230; and the geopolitical conflicts.&#8221;



Thugge was speaking a day after the Central Bank of Kenya cut its benchmark lending rate for the fifth monetary policy meeting in a row.



(Reporting by George Obulutsa; Editing by Alexander Winning)

Kenya’s central bank sees economic growth rising to 5.6% next year

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="5000" height="3319" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/RZR3NS7JLNNQHIVFPVXPTMNINE.avif" alt="" class="wp-image-607197"/><figcaption class="wp-element-caption">Ethiopia&#8217;s Prime Minister Abiy Ahmed addresses parliament members on the current situation of the country at the parliament building in Addis Ababa, Ethiopia, March 20, 2025. REUTERS/Tiksa Negeri/File Photo</figcaption></figure>



ADDIS ABABA, April 8 (Reuters) &#8211; Ethiopia&#8217;s Prime Minister Abiy Ahmed on Tuesday appointed Tadesse Worede to lead the interim administration in the northern Tigray region, where divisions in the ruling party have sparked fears of a renewed war between Ethiopia and Eritrea.



Tadesse, the administration&#8217;s deputy president for the last two years, was a top commander in the Tigray People&#8217;s Liberation Front (TPLF) during the 2020-2022 war with Ethiopia&#8217;s federal government, which killed tens of thousands of people and forced millions from their homes.



Eritrean forces fought in support of Ethiopia&#8217;s federal army during that conflict, but relations between the longtime rivals have since soured over an agreement ending the conflict signed in November 2022.



Analysts say Ethiopia&#8217;s neighbour Eritrea was unhappy at being excluded from the deal, which allowed the TPLF, with which it remains deeply hostile, to govern Tigray.



Last year the TPLF split into two factions, with a dissident group led by Debretsion Gebremichael accusing Tigray&#8217;s interim administration &#8211; led initially by TPLF spokesperson Getachew Reda, whose two-year term has now expired &#8211; of selling out Tigrayan interests.



Debretsion&#8217;s faction, which seized the town of Adigrat last month, has denied administration accusations of allying with Eritrea, heightening the risk of a regional war.



In February, Eritrea ordered a nationwide military mobilisation, according to a human rights group. Ethiopia deployed troops toward their shared border, although Abiy has sought to downplay the prospect of conflict.



Tadesse, who analysts say has stayed largely neutral over the TPLF split, has agreed to eight commitments including the return of people displaced by the war and demobilisation of combatants, according to a letter shared by Abiy&#8217;s spokesperson Billene Seyoum.



&#8220;(Tadesse) has a clear understanding of both the strengths and shortcomings of the previous administration, and many believe he is well-positioned to guide Tigray through this critical transition,&#8221; Abiy wrote on X.



&#8220;It is my hope that (Tadesse) will seize this historic opportunity to help the people of Tigray realize their aspirations for peace and development,&#8221; he added.



(Reporting by Dawit Endeshaw; Writing by Hereward Holland; Editing by George Obulutsa, Jan Harvey)

RZR3NS7JLNNQHIVFPVXPTMNINE

Ethiopia’s PM Abiy appoints new leader of Tigray administration

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="540" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/NJHSA5REZNMEZIIYEUNK6IELT4-820x540.jpg" alt="" class="wp-image-606791" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/NJHSA5REZNMEZIIYEUNK6IELT4-820x540.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/NJHSA5REZNMEZIIYEUNK6IELT4-300x197.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/NJHSA5REZNMEZIIYEUNK6IELT4-137x90.jpg 137w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/NJHSA5REZNMEZIIYEUNK6IELT4-768x505.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/NJHSA5REZNMEZIIYEUNK6IELT4-1536x1011.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/NJHSA5REZNMEZIIYEUNK6IELT4-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">FILE PHOTO: A general view shows shipping containers arranged from different shipping companies within the Kenya Ports Authority (KPA) container terminal at the port of Mombasa, Kenya January 9, 2025. REUTERS/Laban Walloga/File Photo</figcaption></figure>



NAIROBI, April 7 (Reuters)&nbsp;&#8211;&nbsp;Kenya is among those exporters hoping a smaller Trump tariff blow vis-a-vis competitors might help them emerge as winners in the nascent global trade war, but translating the disparity into an advantage will be an uphill struggle.



As governments around the world reeled from U.S. President Donald Trump&#8217;s new tariffs, Kenya voiced optimism about potential advantages over rival textile manufacturers in Asia.



Imports from the East African nation, which sent goods worth $737 million to the United States last year, will be charged the minimum 10% compared with 46% for Vietnam, 44% for Sri Lanka and 37% for Bangladesh.



&#8220;With other textile-exporting countries facing much higher tariffs, Kenya could position itself as an alternative sourcing hub for buyers,&#8221; Trade Minister Lee Kinyanjui said last week.



Economists said up-and-coming manufacturers in East Africa like Tanzania and Ethiopia could also benefit, as could Latin American countries like Brazil, which also received the baseline 10% tariff.



Any gains for Kenya, however, could be offset by the damage from tariffs to the global economy plus deep-seated weaknesses in its domestic business environment.



J.P. Morgan raised its odds of global recession by year-end to 60% from 40% on Friday after China retaliated against the U.S. tariffs, while Goldman Sachs has raised the odds of a U.S. recession in the next 12 months to 45% from 35%.



The chairman of Kenya&#8217;s biggest garments manufacturer said the tariffs would pile expenses on companies already facing costs roughly 20% higher than global competitors because of steep electricity prices and taxes, and questioned whether international brands would rush to shift operations.



&#8220;A temporary tariff disparity does not create real competitiveness,&#8221; said Pankaj Bedi, whose United Aryan Ltd. supplies U.S. retailers including Target, Walmart and Levi&#8217;s.



Stresses for manufacturers are compounded by the grim outlook for the African Growth and Opportunity Act (AGOA), a U.S. trade initiative passed in 2000 that allows duty-free exports for thousands of products from Africa.



Trade experts said the U.S. tariffs were likely to signal the end of AGOA, which expires in September and had been widely expected to be renewed in some form.



<h2 class="wp-block-heading" id="h-negotiations-with-washington">NEGOTIATIONS WITH WASHINGTON</h2>



The tariffs sent chills through the global economy, affecting nearly all of Kenya&#8217;s trading partners.



Most African countries have relatively small export balances with the U.S. but more significant trade relations with the European Union and China, J.P. Morgan said in a note on Monday.



Kenya exported $1.35 billion in goods to the EU and $228 million to China in 2023, according to U.N. data.



&#8220;While the direct impact with the U.S. might be limited, the indirect impact from potential growth slowdown in the EU and China, depending on the veracity of the impact from U.S. tariffs, could yet weigh on these economies,&#8221; J.P. Morgan said.



As well as his bullish initial assessment, Kenya&#8217;s trade minister Kinyanjui did also take sober note on Monday of the havoc on global markets.



&#8220;We anticipate there will be a serious impact across all sectors and I think the fears of recession become a very clear challenge, especially for third world countries,&#8221; he said.



Some manufacturers said Kenya would struggle to take advantage of any opening provided by the tariffs because their higher costs largely cancel out the edge from U.S. tariff rate differentials versus competitors.



&#8220;Kenya&#8217;s exports to the USA, previously duty-free under AGOA, will now be subject to additional costs, reducing their market competitiveness,&#8221; the Kenya Association of Manufacturers said in a statement.



Other manufacturers were nevertheless looking on the bright side. Jaswinder Bedi, whose company makes clothes for American wholesalers, said he planned to press ahead with a new factory that would triple his employees to more than 3,000.



&#8220;Our comparative advantage has actually increased,&#8221; he said. &#8220;Look at our competing countries &#8230; those tariffs are very high.&#8221;



Much will depend on the ability of Kenya &#8211; and its competitors &#8211; to secure better terms through direct negotiations with Washington.



U.S. Treasury Secretary Scott Bessent said on Sunday that more than 50 nations had started negotiations with the U.S. since Trump announced the tariffs last Wednesday.



It was not known if Kenya was among them. At least one textile manufacturing competitor was moving aggressively to try to roll back the tariffs, with Vietnam&#8217;s leader To Lam agreeing during a phone call on Friday with Trump to discuss a deal.



Kenya opened trade deal negotiations with the first Trump administration in 2020.



New talks were opened under President Joe Biden&#8217;s administration on a trade and investment partnership aimed at lifting non-tariff barriers to trade but were not completed before Trump returned to office.



(Reporting by Duncan Miriri; Editing by Aaron Ross and Andrew Cawthorne)

A general view shows shipping containers arranged from different shipping companies within the Kenya Ports Authority (KPA) container terminal at the port of Mombasa

Kenya thinks it can win from U.S. tariffs, but global recession risk looms

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="720" height="480" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/OU5SML6ZAZO77GNGQ5F7MVEMUQ.avif" alt="" class="wp-image-605604"/><figcaption class="wp-element-caption">A general view of the skyline of Addis Ababa, Ethiopia November 3, 2021. REUTERS/Tiksa Negeri/File Photo</figcaption></figure>



LONDON, April 4 (Reuters)&nbsp;&#8211;&nbsp;Ethiopia&#8217;s official creditors expect to finalise within months a draft debt restructuring that gives the government more time to pay but stops short of an outright haircut, the co-chair of the group told Reuters.



The East African nation, which defaulted in December 2023, announced a preliminary agreement with its Official Creditor Committee (OCC) in March to restructure $8.4 billion in debt &#8211; a key step for it to emerge from sovereign default.



Under the deal, Ethiopia will get around $2.5 billion in debt service relief over the course of its International Monetary Fund programme, which runs out in 2028.



&#8220;We reduce the stock of debt through an extension of maturities and also reducing specifically the payments during the IMF programme period,&#8221; said William Roos, co-chair of Ethiopia&#8217;s OCC.



Ethiopia, which is restructuring under the G20 Common Framework scheme that is meant to speed up poor countries&#8217; debt treatments, is in a standoff with holders of its sole $1 billion Eurobond. They say Ethiopia does not need debt &#8220;haircuts&#8221; but instead faces a liquidity, or short-term cash flow, issue.



Bondholders have firmly rejected the country&#8217;s proposed 18% haircut.



Under its current IMF programme, Ethiopia must reduce its debt service by $3.5 billion until 2028 in order to make its debt &#8220;sustainable&#8221;.



In February, bondholders said the IMF&#8217;s assessment contained flaws that &#8220;artificially&#8221; created a solvency issue, partially by undervaluing gold and coffee exports.



REDUCING DEBT STOCK



Roos, who also co-chairs the Paris Club of wealthy creditor nations, said that while the OCC is monitoring Ethiopia&#8217;s exports, the IMF&#8217;s assessment was valid.



&#8220;We should work with the scenario we have on the table and which is the basis of the current IMF programme,&#8221; Roos said. &#8220;The situation of Ethiopia is not only an issue about liquidity, there is also a need to reduce the stock of debt.&#8221;



Bondholders have also said there is a lack of transparency around the official creditor deal, but Roos said they have had direct talks with bondholders and were open to meeting them in the future.



The OCC agreement does not include any contingencies that would raise or lower payments in line with shifting economic conditions, Roos said, adding that official creditors had focused on reducing debt service over the IMF programme period.



Still, he said Ethiopia was better able to pay compared with Zambia or Ghana, which concluded their own Common Framework debt restructurings last year.



&#8220;There is a capacity to pay from Ethiopia during the (IMF) programme period which is on average larger than what was possible for Zambia and for Ghana,&#8221; said Roos.



Roos said work between the OCC co-chairs, France and China, had been productive.



&#8220;All the work with China has been very constructive and now we are used to working together&#8230; We have been able to find a consensus first between us and then to negotiate with Ethiopia.&#8221;



Three other official creditors &#8211; the United Arab Emirates, Kuwait and Poland &#8211; have chosen to renegotiate Ethiopia&#8217;s debt separately, Roos said.



(Reporting by Karin Strohecker and Libby George in London; Editing by Gareth Jones)

OU5SML6ZAZO77GNGQ5F7MVEMUQ

Official creditors grant Ethiopia more time to pay debt, no write-down

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1080" height="666" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/LX55NIUH2NIQDOSFK7OZGOV4OI.avif" alt="" class="wp-image-605601"/><figcaption class="wp-element-caption">The logo of Meta is seen at the entrance of the company&#8217;s temporary stand ahead of the World Economic Forum (WEF) in Davos, Switzerland January 18, 2025. REUTERS/Yves Herman/File Photo </figcaption></figure>



NAIROBI, April 4 (Reuters)&nbsp;&#8211;&nbsp;A Kenyan court has ruled that Facebook&#8217;s parent company Meta&nbsp;META.O&nbsp;can be sued in the East African country over its alleged role in promoting content that led to ethnic violence in neighbouring Ethiopia, a plaintiff in the case said.



The landmark case, which stems from alleged hate speech on the platform during the 2020-2022 civil war in northern Ethiopia&#8217;s Tigray region, could have implications for how Meta works with content moderators globally.



The company has argued that local courts do not have the power to hear cases against it where it is not registered as a company.



Kenya&#8217;s High Court rejected that argument in its ruling on Thursday, said the Katiba Institute, which is a plaintiff in the case alongside two Ethiopian researchers.



&#8220;The court here has refused to shy away from determining an important global matter, recognising that homegrown issues must be addressed directly in our courts,&#8221; said Nora Mbagathi, the institute&#8217;s executive director.



A Meta spokesperson did not immediately respond to a request for comment.



The plaintiffs allege that Facebook&#8217;s recommendation systems amplified violent posts in Ethiopia during the Tigray war.



Plaintiff Abrham Meareg alleges that his father, Meareg Amare, was killed in 2021 following threatening posts on Facebook. Fisseha Tekle, an Amnesty International researcher, says he faced online hate for human rights work in Ethiopia.



They are demanding that Meta create a restitution fund for victims of hate and violence and alter Facebook&#8217;s algorithm to stop promoting hate speech.



Meta has previously said it invested heavily in content moderation and removed hateful content from the platform.



The case is the third to be brought against Meta in Kenya, where the company also faces lawsuits from content moderators employed by a local contractor who say they faced poor working conditions and were fired for trying to organise a union.



Meta has responded that it requires partners to provide industry-leading conditions.



The company, which had invested billions and hired thousands of content moderators globally over the years to police sensitive content, in January scrapped its U.S. fact-checking program.



It also said at the time that it would stop proactively scanning for hate speech and other types of rule-breaking, reviewing such posts only in response to user reports.



(Reporting by Hereward Holland; Editing by Aaron Ross and Tomasz Janowski)

LX55NIUH2NIQDOSFK7OZGOV4OI

Meta can be sued in Kenya over posts related to Ethiopia violence, court rules

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="640" height="407" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/TA2USGDCXBOXJAPYDCXGGP66XA.jpg" alt="" class="wp-image-605598" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/TA2USGDCXBOXJAPYDCXGGP66XA.jpg 640w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/TA2USGDCXBOXJAPYDCXGGP66XA-300x191.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2025/04/TA2USGDCXBOXJAPYDCXGGP66XA-142x90.jpg 142w" sizes="auto, (max-width: 640px) 100vw, 640px" /><figcaption class="wp-element-caption">A general picture shows the skyline of Tanzania&#8217;s port city of Dar es Salaam, File. REUTERS/Andrew Emmanuel</figcaption></figure>



DAR ES SALAAM, April 4 (Reuters) &#8211; Tanzania&#8217;s central bank on Friday kept its key interest rate TZINTR=ECI unchanged at 6%, saying that while inflation was under control global trade tensions posed a risk.



It was the fourth monetary policy meeting in a row that the rate was maintained.



&#8220;Maintaining the central bank rate will help to minimise negative spillover effects of trade tariffs and geopolitical conflicts on the economy,&#8221; central bank deputy governor Yamungu Kayandabila told a press conference.



This week U.S. President Donald Trump unveiled far-reaching tariffs that have triggered a plunge in world financial markets and drew condemnation from other leaders reckoning with the end of a decades-long era of trade liberalisation.



The Bank of Tanzania targets inflation of 5%, and consumer inflation&nbsp;TZCPIY=ECI&nbsp;has hovered around 3% since it launched its policy rate in January 2024.



The East African country&#8217;s economy is projected to grow about 6% this year,&nbsp;from an estimated 5.4% in 2024, its finance minister and central bank governor said in November.



Kayandabila said the country&#8217;s foreign exchange reserves stood at around $5.6 billion, enough to cover imports for four-and-a-half to five months.



(Reporting by Nuzulack Dausen; Writing by George Obulutsa; Editing by Alexander Winning and Peter Graff)

TA2USGDCXBOXJAPYDCXGGP66XA

Tanzania central bank keeps benchmark interest rate unchanged

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="640" height="427" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/Z7X6TB6JQFNKLOKXREFGQM3DOY.avif" alt="" class="wp-image-605579"/><figcaption class="wp-element-caption">Democratic Republic of Congo&#8217;s President Felix Tshisekedi arrives for the inauguration of Namibia&#8217;s first female President, Netumbo Nandi-Ndaitwah at the State House in Windhoek, Namibia, March 21, 2025. REUTERS/Stringer/File Photo</figcaption></figure>



April 3 (Reuters)&nbsp;&#8211;&nbsp;The United States is in talks to invest billions of dollars in mineral-rich Congo and wants to help end a conflict raging in the country&#8217;s east, President Donald Trump&#8217;s senior adviser for Africa said during a visit on Thursday.



Democratic Republic of Congo, which has vast reserves of cobalt, lithium and uranium among other minerals, has been fighting Rwanda-backed M23 rebels who have seized swathes of its territory this year.



The U.S., which on Wednesday sent shockwaves across the world by announcing a 10% baseline tariff on all imports, said last month that it is open to exploring critical minerals partnerships with Congo after a Congolese senator contacted U.S. officials to pitch a minerals-for-security deal.



&#8220;You have heard about a minerals agreement. We have reviewed the Congo&#8217;s proposal, and &#8230; the president and I have agreed on a path forward for its development,&#8221; U.S. senior adviser Massad Boulos said after meeting Congo President Felix Tshisekedi in Kinshasa.



The details of any potential deal, or Congo&#8217;s proposal, were not made public on Thursday.



Congo&#8217;s minerals, which are used in mobile phones and electric cars, are currently dominated by China and its mining companies.



How the U.S. will operate in Congo is unclear, but Boulos suggested that U.S. companies will be involved.



&#8220;Rest assured, American companies are operating transparently and will stimulate local economies. These are multi-billion-dollar investments,&#8221; he said.



Joseph Bangakya, Congolese parliamentarian and president of a Congo-U.S. friendship parliamentary group, told Reuters that MPs were preparing a bill to promote the Central African country&#8217;s business climate.



&#8220;It is essential for our country to achieve a trade agreement with the United States,&#8221; he said.



Boulos added that the U.S. wants to help forge peace in the east where thousands have been killed and hundreds of thousands forced to flee amid M23&#8217;s advance, which has seen the group take over eastern Congo&#8217;s two largest cities.



&#8220;We want a lasting peace that affirms the territorial integrity and sovereignty of the DRC,&#8221; he said. &#8220;There can be no economic prosperity without security.&#8221;



(Writing by Edward McAllister; editing by Mark Heinrich and Portia Crowe)

Z7X6TB6JQFNKLOKXREFGQM3DOY

After tariffs, US dangles billions of dollars in Congo mineral investment 

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="640" height="402" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/SHP6T5Q3KNKQTMJHH7GASSFHRY.avif" alt="" class="wp-image-605576"/><figcaption class="wp-element-caption">A general view shows the central business district of Kenya&#8217;s capital Nairobi, April 10, 2017. REUTERS/Thomas Mukoya/File Photo</figcaption></figure>



NAIROBI, April 4 (Reuters)&nbsp;&#8211;&nbsp;Kenya&#8217;s private sector activity expanded at its fastest pace in 10 months in March, helped by improved performance in most sectors apart from manufacturing, which experienced a contraction, a survey showed on Friday.



The Stanbic Bank Kenya Purchasing Managers&#8217; Index (PMI) jumped to 51.7 in March &#8211; the highest reading since last May &#8211; from 50.6 in February. Readings above 50.0 signal growth in activity.



&#8220;There were robust expansions in output and new orders across several sectors such as services, wholesale and retail. Only the manufacturing sector exhibited soft demand,&#8221; said Christopher Legilisho, an economist at Stanbic Bank.



The finance ministry projects the economy will grow 5.3% in 2025 and 2026, speeding up from an estimated 4.6% expansion last year.



(Reporting by George Obulutsa; Editing by Hugh Lawson)

SHP6T5Q3KNKQTMJHH7GASSFHRY

Kenya private sector activity expands in March, PMI shows

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532787-820x547.jpg" alt="" class="wp-image-506008" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532787-820x547.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532787-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532787-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532787-768x512.jpg 768w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532787-1536x1025.jpg 1536w, https://cms.cnbcafrica.com/wp-content/uploads/2024/07/GettyImages-1604532787-scaled.jpg 2048w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Ugandan shilling and US dollars in the draw at a foreign exchange currency bureau in Kampala, Uganda, on Wednesday, Aug. 16, 2023. Uganda&#8217;s central bank said it stands ready to act if the World Bank&#8217;s decision to halt new funding over the country&#8217;s passage of anti-LGBTQ legislation impacts the currency further. Photographer: Luke Dray/Bloomberg via Getty Images</figcaption></figure>



KAMPALA, April 3 (Reuters) &#8211; The Ugandan shilling was little-changed on Thursday and was expected to strengthen due to increased dollar inflows from coffee and gold exports, traders said.



At 0908 GMT, commercial banks quoted the shilling at 3,639/3,649, compared with Wednesday&#8217;s close of 3,642/3,652.



(Reporting by Elias Biryabarema; Editing by George Obulutsa)

Ugandan Economy Following Rate Cut

Ugandan shilling steady, to gain ground due to gold export FX inflows

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="5000" height="3101" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/04/BLHFUL2OK5O2NCFHI7QKTQ3YKA.avif" alt="" class="wp-image-604858"/><figcaption class="wp-element-caption">Kenya&#8217;s Finance Minister John Mbadi gestures during an interview with Reuters where he says Kenya has started talks with IMF for a new program, in Nairobi, Kenya, February 5, 2025. REUTERS/Monicah Mwangi/File Photo</figcaption></figure>



NAIROBI, April 2 (Reuters)&nbsp;&#8211;&nbsp;Kenya denied on Wednesday it had discussed debt restructuring with China&#8217;s finance minister after amending a reference in a social media post released in the wake of a meeting between the two country&#8217;s top finance officials.



China&#8217;s Finance Minister Lan Foan and his Kenyan counterpart John Mbadi had held talks in Beijing, aimed at securing stronger trade and investment ties between the East African nation and the world&#8217;s second largest economy.



&#8220;He (China&#8217;s finance minister) also expressed China&#8217;s willingness to facilitate discussions on debt restructuring and concessional financing to support Kenya&#8217;s economic stability,&#8221; the finance ministry said in a post on X on Wednesday morning.



The post was then deleted and later reposted without the reference to restructuring or concessional financing.



Kenya, which is struggling with a heavy debt load and the accompanying high debt service costs, caught investor attention last month when it ditched the final review of its programme with the International Monetary Fund, sending its dollar bonds lower.



Asked for more details, the Kenyan finance ministry said there had been no discussions on restructuring debt at the meeting in Beijing. China&#8217;s finance ministry did not immediately respond to a request for comment.



China has become Kenya&#8217;s biggest bilateral lender after Nairobi took a spate of loans to finance infrastructure construction projects, including a modern railway line from the port of Mombasa into the hinterland.



Kenyan officials have been engaging with their Chinese counterparts to secure funds for more projects, including the extension of that railway line to the border with Uganda.



&#8220;Kenya and China have reaffirmed their commitment to deepening economic cooperation, with a focus on trade, infrastructure investment, and financial collaboration,&#8221; the Kenyan ministry said in a summary of a meeting.



Kenyan President William Ruto, who took over in September 2022, has vowed that his government will not default on its external debt, pledging to cut waste and boost revenue to tackle the challenge.



But his efforts have been met with stiff resistance, including last year&#8217;s youth-led anti-tax hike protests, in which dozens of people were killed.



Ruto has also been seeking to diversify sources of financing, including striking a deal for a privately placed bond with the United Arab Emirates for $1.5 billion.



(Reporting by Duncan Miriri; Additional reporting by Ethan Wang in Beijing; editing by Karin Strohecker and Ros Russell)

BLHFUL2OK5O2NCFHI7QKTQ3YKA

Kenya retracts comment on China debt talks, sowing confusion

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="820" height="547" src="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING.jpg" alt="" class="wp-image-524644" srcset="https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING.jpg 820w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-300x200.jpg 300w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-135x90.jpg 135w, https://cms.cnbcafrica.com/wp-content/uploads/2024/08/UGANDA-SHILLING-768x512.jpg 768w" sizes="auto, (max-width: 820px) 100vw, 820px" /><figcaption class="wp-element-caption">Uganda shillings. Uganda. (Photo by: Godong/Universal Images Group via Getty Images)</figcaption></figure>



KAMPALA, March 31 (Reuters) &#8211; The Ugandan shilling was flat on Monday on the back of scant demand for dollars from all sectors of the economy, traders said.



At 0955 GMT, commercial banks quoted the shilling at 3,655/3,665, the same level as Friday&#8217;s close.



(Reporting by Elias Biryabarema; Editing by George Obulutsa)

UGANDA SHILLING

Ugandan shilling flat on scant dollar demand

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="4630" height="2929" src="https://cms.cnbcafrica.com/wp-content/uploads/2025/03/GP73G3YF7FNEDCJIJEBMT334WM.avif" alt="" class="wp-image-602772"/><figcaption class="wp-element-caption">Kenya&#8217;s Opposition leader Raila Odinga addresses delegates after signing a memorandum of understanding between the United Democratic Alliance (UDA) and the Orange Democratic Movement (ODM) with President William Ruto, to pursue proposed reforms under the National Dialogue Committee (NADCO) talks, at the Kenyatta International Convention Centre (KICC) in Nairobi, Kenya March 7, 2025. REUTERS/Thomas Mukoya/File photo</figcaption></figure>



NAIROBI, March 28 (Reuters) &#8211; Kenya is sending former Prime Minister Raila Odinga to South Sudan as a special envoy to help defuse a growing rift between President Salva Kiir and his longtime rival First Vice President Riek Machar, which threatens to drag the country back to war.



Machar was put under house arrest in the capital Juba on Wednesday night, according to his party, effectively voiding a 2018 peace deal that ended a five-year civil war and brought the two men into a fragile power-sharing government.



Their administration has been slow to adopt key provisions of the peace pact, such as national elections and the unification of their two forces into one army.



Machar&#8217;s detention took the country &#8220;one step closer to the edge of collapse into civil war&#8221;, a spokesperson for United Nations Secretary-General Antonio Guterres said on Thursday.



Machar&#8217;s party denies government accusations that it backs the White Army, an ethnic militia largely comprising Nuer youths, which clashed with the army in the northeastern town of Nasir this month, triggering the latest crisis.



In response to the fighting, Kiir&#8217;s forces rounded up several of Machar&#8217;s most senior allies, including the petroleum minister and the deputy head of the army.



Forces loyal to the two men have clashed in recent days outside Juba and elsewhere.



Kenyan President William Ruto, who chairs the East African Community (EAC) bloc, said he had spoken with Kiir about Machar&#8217;s detention, and was sending a special envoy to help de-escalate the situation and report back.



Odinga&#8217;s spokesperson, Dennis Onyango, confirmed that the former prime minister would travel to Juba on Friday.



Machar&#8217;s spokesperson, Puok Both Baluang, said Odinga&#8217;s appointment was a welcome gesture &#8220;as long as it is in line with de-escalation of the situation&#8221;.



&#8220;(Machar) is fine, but nothing changes. He&#8217;s still under house arrest,&#8221; Baluang told Reuters by telephone.



Ruto said he had also consulted Ugandan President Yoweri Museveni, who sent troops this month to South Sudan at the government&#8217;s request to help secure the capital, and Prime Minister Abiy Ahmed of Ethiopia, which has hosted South Sudan peace talks in the past.



The African Union said it was sending a &#8220;Panel of the Wise&#8221;, a group of five &#8220;highly respected African personalities&#8221;, to help calm the situation.



Rival factions loyal to Kiir and Machar fought a civil war from 2013 to 2018 that killed hundreds of thousands.



(Reporting by Hereward Holland; Editing by Ammu Kannampilly, Clarence Fernandez and Alex Richardson)

East Africa

Malnutrition treatments halted in Ethiopia due to underfunding, WFP says

Kenya land standoff sends warning to foreign-owned tea estates

Kenya’s cenbank to lift moratorium on new commercial bank licenses

Kenya pivots to China, away from France for 1.3-billion euro highway deal

Zambia to resume work on power line link to Tanzania, World Bank official says

Kenya’s central bank sees economic growth rising to 5.6% next year

Ethiopia’s PM Abiy appoints new leader of Tigray administration

Kenya thinks it can win from U.S. tariffs, but global recession risk looms

Official creditors grant Ethiopia more time to pay debt, no write-down

Meta can be sued in Kenya over posts related to Ethiopia violence, court rules

Tanzania central bank keeps benchmark interest rate unchanged

After tariffs, US dangles billions of dollars in Congo mineral investment

Kenya private sector activity expands in March, PMI shows

Ugandan shilling steady, to gain ground due to gold export FX inflows

Kenya retracts comment on China debt talks, sowing confusion

Ugandan shilling flat on scant dollar demand

Kenya sends former PM Odinga to defuse South Sudan crisis

News Tips

Advertise With Us

East Africa

Malnutrition treatments halted in Ethiopia due to underfunding, WFP says

Kenya land standoff sends warning to foreign-owned tea estates

Kenya’s cenbank to lift moratorium on new commercial bank licenses

Kenya pivots to China, away from France for 1.3-billion euro highway deal

Zambia to resume work on power line link to Tanzania, World Bank official says

Kenya’s central bank sees economic growth rising to 5.6% next year

Ethiopia’s PM Abiy appoints new leader of Tigray administration

Kenya thinks it can win from U.S. tariffs, but global recession risk looms

Official creditors grant Ethiopia more time to pay debt, no write-down

Meta can be sued in Kenya over posts related to Ethiopia violence, court rules

Tanzania central bank keeps benchmark interest rate unchanged

After tariffs, US dangles billions of dollars in Congo mineral investment

Kenya private sector activity expands in March, PMI shows

Ugandan shilling steady, to gain ground due to gold export FX inflows

Kenya retracts comment on China debt talks, sowing confusion

Ugandan shilling flat on scant dollar demand

Kenya sends former PM Odinga to defuse South Sudan crisis

News Tips

Advertise With Us

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