Africa International

Kenya: Bandits kill three police officers during a gun attack

The Kenyan police Sunday said three of its officers were shot dead by bandits in Napeimoit, Turkana County, during a gun battle, Nation Africa reports. The victims include two General Service Unit (GSU) and a regular police officer. They came under attack in ambush by the gang, believed from a neighboring county, as they revisited […]

Africa Americas International

U.S. issues alert for citizens in Kenya over possible terror attack

The United States Thursday warned its citizens in Kenya of possible terror attack in Nairobi County. The US embassy in capital Nairobi said that terrorist groups could stage an attack with little or no warning, targeting areas with many people. The alert indicates that high traffic areas frequented by foreigners and tourists in Nairobi and […]

Africa Community International

Kenya’s opposition leader unveils youth resistance movement to remove incumbent leader

Raila Odinga, leader of the opposition in Kenya and head of Azimio coalition, has unveiled youth resistance movement dubbed “movement for defense of democracy” that he intends to use to push President William Ruto out the state office, Nation Africa reported Sunday. Speaking during a rally in Kamukunji grounds in Kibra as part of public […]

Europe International

EU warns Kenya over grand corruption, but overall Africa makes progress

The European Union has threatened to blacklist Kenya over corruption and money laundering, with the bloc’s Ambassador to Kenya warning that the east African country’s reluctance to curb corruption and money laundering could scare off investors. The EU is revisiting an old problem Nairobi has struggled to contain and if there is no substantial progress […]

Africa Business Egypt International

Commercial International Bank Egypt completes acquisition of Kenya’s Mayfair CIB in $40mln deal

Commercial International Bank Egypt (CIB) is set to proceed with the complete takeover of Kenya’s Mayfair CIB, after obtaining approvals from authorities, in a deal valued at $40 million. The Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) have just granted their consent for CIB to acquire the remaining 49% of […]

Africa Asia Business International

Viability of planned Ugandan railway link to Kenya is questioned by analysts

Uganda has switched from a Chinese to a Turkish company to build a proposed $2 billion railway line linking its capital to the border with Kenya but analysts say Chinese investors poured doubt on the viability of the project. The proposed railway is designed to link up the capital city Kampala with one being built […]

Africa Business International

Shares trading in indebted Kenya Airways suspended for another year as restructuring falters

Trading in Kenya Airways shares has been suspended for another year, as the indebted national carrier battles to return to profitability and the country’s president says he wants to sell the government’s stake. Stocks in the troubled airline have not been traded since July 2020 in the midst of the Covid-19 pandemic, which devastated global […]

Africa Americas Business International

Kenya’s geopolitical re-balancing? — Ruto embraces West as ties with China cool

Kenyan President William Ruto’s recent diplomatic overtures to the West are prompting analysts to ask whether the days of close Chinese engagement are coming to an end. Since taking office in August, Ruto has embraced Kenya’s economic and diplomatic relationships with the United States, United Kingdom and other Western countries, causing onlookers to wonder whether […]

Africa Business Emerging Markets Headlines International Morocco

Morocco’s OCP carries on support to African farmers

Morocco’s OCP group, which elaborated a program to support African farmers as the continent faces a food security crisis, has donated 5,000 tons of fertilizers to smallholder farmers in Mauritania and struck a partnership with Kenya’s Ministry of Agriculture to launch soil mapping exercises for over 100 participants. The fertilizers donated to Mauritania will benefit […]

Africa Americas Business International

Kenya in talks with Delta Airlines to save its struggling national carrier

Kenyan president William Ruto is looking for a deal between Kenya Airways and Delta Air Lines to turn around the fortunes of the country’s national carrier which last recorded profits 10 years ago. During the Washington US-Africa Business Summit, one of Ruto’s major goals was to get investors to help the struggling Kenya Airways. The […]