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Kenyan shilling stable

Kenyan shilling stable, seen easing due to importer dollar demand

The Kenyan shilling was stable against the dollar on Tuesday with demand coming from importers and manufacturers.
Kenya's TransCentury swings to H1 2016 pretax profit

Kenya's TransCentury swings to H1 2016 pretax profit

"TransCentury group is poised to report improved performance in the second half of the year as we continue on a growth trajectory."
Why one of the world's most innovative companies is betting big on Africa

Why one of the world's most innovative companies is betting big...

The Mastercard Center for Inclusive Growth has set aside $1 million over the next three years to advance economic growth and financial inclusion in the country.
Japan promises Kenya aid to fund development

Japan promises Kenya aid to fund development, power generation

On Saturday, Abe had told African leaders at a development conference that Japan would commit $30 billion in public and private support for infrastructure development, education and healthcare expansion in the continent over a three-year period starting in 2016.

BRIEF-Total Kenya Ltd reports HY pre-tax profit of 1.56 bln shillings

Total Kenya Ltd's June 2016 profit before tax.
South Sudan cabinet wants big spending boost to heal divisions

South Sudan cabinet wants big spending boost to heal divisions

The cabinet approved a budget proposal for the 2016/17 fiscal year that caps government spending at 29.6 billion South Sudan pounds ($520 million), a 187 percent rise over the year that ended on June 30.
Kenyan bank shares fall after lending rates capped

Kenya's biggest bank shares slump again after rates cap

KCB's shares were trading at 27 shillings ($0.2665) each while shares of Equity traded hands at 29.50 shillings as of 0648 GMT.
Kenyan bank shares fall after lending rates capped

Kenyan bank shares fall after lending rates capped

Shares in KCB Group, which operates Kenya's biggest bank by assets, fell 9.9 percent to trade at 29.50 shillings ($0.2912) per share. Shares in Co-op Bank of Kenya and Equity Bank were down by a similar margin.
Africa’s first Coltan separation plant to be built in Rwanda

Africa’s first Coltan separation plant to be built in Rwanda

“The reason most African mineral resources are exported as raw material is due to a low level of industrialisation in the local sector."
U.S. seeks progress in deploying new U.N. troops to South Sudan

U.S. seeks progress in deploying new U.N. troops to South Sudan

U.S. Secretary of State John Kerry said on Monday that South Sudan's leaders needed to recommit to a peace deal.
How this young woman worked to end child marriages in Tanzania

How this young woman worked to end child marriages in Tanzania

Each year, 15 million girls are married before the age of 18.
FEATURE: The scrap of paper that brings peace to Tanzania's small farmers

FEATURE: The scrap of paper that brings peace to Tanzania's small...

"This document means a lot to us. Our land is now secured and we do not expect any conflicts with our neighbours."
Ethiopia's Lilesa gestures in support of Oromo protests at finish line

Ethiopia's Lilesa gestures in support of Oromo protests at finish line

Plans to allocate land surrounding the capital for development prompted fierce demonstrations in November and spread for months.
Kenya's central bank warns lenders over misuse of credit bureaus

Kenya's central bank warns lenders over misuse of credit bureaus

Kenya's central bank threatened commercial banks with legal action if they submit inaccurate or incomplete data to credit reference bureaus.
Sub-Saharan Africa sees unrivalled growth in mobile banking

Growth of mobile banking boosts Co-op Bank Kenya's earnings

Increased mobile and internet banking helped Co-operative Bank of Kenya increase its pretax profit in the first half of 2016 by 19 percent.
S.African economist Chris Hart on why he resigned from Standard Bank

Kenya's finance minister gives his view on capping of banks' lending...

Parliament passed changes to the banking law two weeks ago.
Kenyan retailer Uchumi secures cash injection

Kenyan retailer Uchumi secures cash injection

The government, which holds a 15 percent stake in the company, approved the cash injection at a cabinet meeting last Thursday.
Sumgong: First Kenyan woman to win Olympic marathon gold

Sumgong: First Kenyan woman to win Olympic marathon gold

"It brings back memories of London, that's where my thoughts went back to," Sumgong said. "I was like scared, maybe I'm in trouble."
Mauritius business confidence rises in Q4 2016

New Mauritius Hotels reports pretax loss on villa sales decline

The tourism sector is a key driver of the Indian Ocean island's $10 billion economy, with Europe traditionally its main source of visitors.
Kenya central bank to set rates at policy meeting on Sept 20

Kenya central bank to set rates at policy meeting on Sept...

At its last meeting in July, the bank held its lending rate at 10.5 percent, saying recent increases in fuel taxes would temporarily put upward pressure on inflation.
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