KENYA

Standard Bank targets Africa's SME sector

Businessmen chat in front of a Standard Bank logo in Sandton outside Johannesburg
Standard Bank Group is now financing small and medium-sized (SME) enterprises, tapping into a lucrative segment that was previously ignored by mainstream lenders but is increasingly on the agenda for most African governments.

Bomb destroys Kenya police car in refugee camp

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A remote-controlled bomb blew up a police vehicle escorting a U.N. convoy in Kenya's Dadaab refugee camp near the border with Somalia on Tuesday, the second such incident in the camp this month.
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi

Kenya shilling falls for second day, stocks slip

The Kenyan shilling reversed early gains to close weaker against the dollar for the second straight session on Tuesday, hurt by telecom sector demand for dollars, while stocks extended losses to a fifth day.
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Somali forces attack rebels near strategic town

Somali forces allied to Kenya attacked an al Shabaab base near Afmadow on Friday and said they would press towards the strategic town seen as an obstacle to seizing the key port city of Kismayu.
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Grenades kill two in Somali capital, MP slain

Gunmen shot dead a Somali lawmaker in Mogadishu on Wednesday, a day after al Qaeda-linked rebels killed at least two people in a series of grenade attacks and said they would step up assaults in the capital.
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Africa may have first commercial 4G network in 2012

Africa could have its first commercial long-term evolution or 4G network as early as next year, as wireless phone operators gear up to meet growing data demand from smartphone users, an Ericsson executive said on Wednesday.
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Kenya shilling gains ground, stocks slide

The Kenyan shilling gained against the dollar on Tuesday aided largely by banks selling greenbacks as high interest rates squeezed shillings out of the market, while stocks edged lower in thin volumes.
cocoa

Top Kenyan coffee price jumps in slim volume

The top price for Kenyan benchmark grade AA coffee jumped to $630 per 50-kg bag at Tuesday's auction from $514 at the last sale two weeks ago, the Nairobi Coffee Exchange said.
Kenya"s Chief of the Defence Forces (CDF) General Julius Karangi

Somali gunmen suspected of more attacks on Kenya

Suspected Somali gunmen attacked a police station and a government vehicle in northern Kenya late on Monday, the latest in a series of assaults on Kenya since it sent troops to fight Somalia's Islamist rebels.
Runners cross the Verrazano-Narrows Bridge

2011 New York City Marathon Pictures: A Beautiful Day for a Run

Thousands gathered accross the five boroughs of New York to take part in the 2011 ING New York City Marathon, in what turned out to be a beautiful November day. Along the marathon route, which at points had the festive atmosphere of a parade, people gathered to cheer, play music, watch, or volunteer with the logistics of the event.
Marathon Runners

NYC Marathon 2011: By the Numbers

The ING NYC Marathon took place Sunday, Nov. 6, and was a huge sensation. Thousands of runners participated in one of the most anticipated contests of the year and the premiere event of the New York Road Runners.
The German national soccer team takes photos of a lion while on safari

Kenya Moves to Block Bio-Piracy

The Kenyan government made a move this week to begin laying down a framework for regulating bio-prospecting by foreign groups, discouraging bio-piracy and spurring commercialization simultaneously.
Kenya Airways Boeing B777-200ER plane is seen during a media tour at their maintenance hangar in Nairobi

Kenya Airways raises H1 profit ahead of cash call

Kenya Airways used fuel hedges to protect its bottom line from an escalation in direct costs in its first-half ended September, it said on Thursday, as it prepares to raise funds to finance its expansion.
Central Bank of Kenya

Kenya's CBK shows teeth with sharp rate rise

Kenya's central bank bared its teeth against stubbornly high inflation on Tuesday with a record rate rise that is seen supporting the shilling, boosting appetite for long-term bonds and helping secure the approval of extra funds from the IMF.

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