KENYA

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AU envoy urges negotiations with Somalia rebels

The African Union special envoy for Somalia on Wednesday urged countries waging war on al Shabaab to keep an open door to negotiations with militants who are willing to lay down their weapons.
Kenya"s Central Bank Governor Njuguna Ndung"u speaks to Reuters

Kenya almost-doubles inflation target to 9 pct

Kenya's central bank changed another key policy aim by almost-doubling this fiscal year's inflation target to 9 percent, just weeks after being driven to make a huge rate rise to combat soaring inflation and save the plunging shilling.
Kenya troops move supplies from a helicopter at the Garrisa airstrip near the Somali-Kenya border

Air strike hits Somali village, deadly bomb in capital

An unidentified fighter jet bombed the outskirts of a Somali rebel-controlled village in the south of the Horn of Africa country on Tuesday, killing at least one civilian, residents and members of the al Shabaab militant group said.
Businessmen chat in front of a Standard Bank logo in Sandton outside Johannesburg

Standard Bank targets Africa's SME sector

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.
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Bomb destroys Kenya police car in refugee camp

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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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.

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