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SA rand plunges to record low

KCB Group's half year results up 13%

Financial service provider Kenya Commercial Bank (KCB) has reported a growth of 13 per cent in its pretax profit.

Tourism slump deepens Kenya Airways pretax losses

Kenya Airways pretax loss for the year to March widened to 29.71 billion shillings ($293 million) from 4.86 billion shillings.
Making sense of Kenya's weakening currency

Quarter of Kenya's state budget unaccounted for – auditor general

Commentators say the report by Auditor General Edward Ouko's office exposed the scale of official corruption in Kenya.

Kenya's tax revenues rise

Kenya collected 1.001 trillion shillings ($10 billion) in the fiscal year to end-June, a 3.86 percent increase from the previous year.
Obama 'courageous' Mandela left legacy of freedom

Obama says transparency would strengthen Ethiopia

U.S. President Barack Obama told Ethiopia's leaders on Monday that allowing more political freedoms would strengthen the African nation.

Obama meets Lucy, an ancient 'ancestor,' in Ethiopia

Barack Obama came to Africa partially to connect with the continent of his forefathers.

Free the journalists says Obama

U.S. President Barack Obama said on Tuesday that Ethiopia "cannot unleash the full potential of its people" if it jails journalists.

Kenya central bank governor says no preferred level for shilling

Kenya's central bank is focused on taming volatility in the exchange rate and has no optimal level for the shilling.

National Bank of Kenya doubles H1 pretax profit

National Bank of Kenya doubled its first-half pretax profit to 2.5 billion shillings ($24 million) after its non-interest income jumped.

Political unrest pushes Burundi's inflation to 7.7 pct in June

Burundi’s inflation rate rose to 7.7 percent year-on-year in June from 7.2 percent in May after political unrest.

Burundi parliament opens after disputed poll, opposition takes seats

Burundi's parliament sat for the first time on Monday after President Pierre Nkurunziza won a disputed election last week.
Obama 'courageous' Mandela left legacy of freedom

Obama to discuss a "Plan B" for South Sudan ahead of...

President Barack Obama will discuss a "Plan B" for South Sudan with African leaders on Monday that could include sanctions.
Rwanda signs mining concessions with six firms

Rwanda signs mining concessions with six firms

Rwanda signed mining contracts with six companies to exploit 10 mining concessions.

Obama: African entrepreneurs are vital to the continent’s growth

Obama was addressing a Global Entrepreneurship Summit in Kenya.

Kenyan tobacco firm BAT says H1 pretax profit up 8 pct

British American Tobacco Kenya said on Thursday it posted an 8 percent rise in its first half pretax profit to 2.77 billion shillings.

Obama departs for Kenya, returning to his father's homeland

U.S President Barack Obama leaves for 'his' African roots.

U.S. to review Burundi aid in next two months over crisis:...

The United States will review its relations and level of aid to Burundi over the next two months after Burundi held disputed elections.

Kenya's trading hours to be shortened on Friday due to Obama's...

Trading hours on Kenya's stock and foreign exchange markets will be shortened on Friday due to President Barack Obama's visit to East Africa

Obama returns to father's homeland with history, security on his mind

President Barack Obama will land in Kenya on Friday with a mission to strengthen U.S. security and economic ties.

Ugandan shilling firmer as dollar demand eases

The shilling was slightly firmer on Wednesday as dollar demand from commercial banks eased.
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