KENYA

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.

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.

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.

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 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.

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.

Barclays Kenya reaps from cost cuts, prudent lending

Barclays Bank of Kenya said on Tuesday its pretax profit increased 26 percent to 8.87 billion shillings in the nine months ended September, driven higher by the benefits of cost-cutting and sharply reduced bad loan provisions.

SAfrica's Altech in talks for $60m Kenya firm -source

South Africa's Allied Technologies Ltd is in talks to pay up to $60 million for unlisted Kenyan IT firm Symphony, according to a person familiar with the matter, to help revive its struggling business in fast-growing east Africa.

IMF Sees Slower Kenya Growth, Approves Extra Funds

The International Monetary Fund on Monday trimmed its 2011 growth outlook for Kenya on Monday and backed further funds to boost the country's foreign exchange reserves to help tackle a widening balance of payments gap.

Pages

IBTimes Logo

Kenyan stocks jump 2 pct, shilling inches up

Kenyan shares vaulted 2 percent on Friday to their highest in five weeks as foreign investors trooped back to riskier assets in search of bargains, while the shilling firmed slightly.
A woman shops at a supermarket in Nairobi

Kenya yr/yr inflation rises to 18.91 pct in Oct

Annual inflation in Kenya rose more than expected to 18.91 percent in October as food, electricity and fuel prices increased along with transport costs, but analysts said it was close to peaking.
IBTimes Logo

Kenya to stop Shabaab fight when nation is safe

Kenya will end its military campaign against the Islamist al Shabaab rebels in Somalia when it is satisfied it has stripped the group of its capacity to attack across the border, its head of military said on Saturday.
People buy groceries in a supermarket in Zimbabwe"s capital Harare

Kenya yr/yr inflation rises to 18.91 pct in Oct

Annual inflation in Kenya rose more than expected to 18.91 percent in October as food, electricity and fuel prices increased along with transport costs, but analysts said it was close to peaking.
somalia

Kenya's Somalia Campaign Poses Risks for U.S. Policy

While Kenya's sweeping military intervention into Somalia shares the Obama administration's goal of dismantling the Al-Qaeda affiliated militant group al-Shabab, the campaign also carries the risk of exacerbating instability in the notoriously fractured country.
EDITOR'S PICK