The Kenyan shilling reversed earlier losses to close firmer against the dollar on Monday for the fourth straight session, helped by new limits on the amount of foreign exchange banks can hold, while stocks edged up on bets the recent sell-off was overdone.
Intense rains have disrupted operations at Kenya's only port, delaying the delivery of grain, sugar and coal, while a queue of vessels waiting to offload cargo is building up, its operator said on Monday.
Al Qaeda linked al Shabaab militants rushed reinforcements to Somalia's southern border with Kenya on Monday in response to a Kenyan cross-border offensive and theatened to take the flames of war across.
Kenya deployed columns of troops into neighbouring Somalia and launched an offensive against al-Shabaab militants on Sunday, helping to drive the al-Qaida-linked militants out of two bases.
Kenya's tax revenues for first quarter of fiscal 2011/12 (July-June) year rose 15 percent to 161 billion shillings compared with the same period a year ago, lifted by a jump in trade and domestic taxes, and was seen higher in he second quarter, its revenue body said.
Kenya Airways shareholders approved on Friday its plan for a rights issue to raise an unspecified amount of money to fund route and fleet expansion.
The U.N. refugee agency (UNHCR) said on Friday it had suspended non-critical operations at Kenya's Dadaab refugee camp as security forces scoured the region for two Spanish aid workers kidnapped from there a day earlier.
Gunmen kidnapped two Spanish women working for Medecins Sans Frontieres (MSF) at Kenya's Dadaab refugee camp on Thursday, the third abduction of Westerners in Kenya by attackers linked to Somalia in a month.
Malawi will allow Sudanese President Omar al-Bashir into the country for a regional trade summit starting on Friday and has no plans to arrest him under an International Criminal Court warrant, a senior government official said on Thursday.
Kenyan police told Reuters that both kidnap victims are women and that they believe al-Shabab, the Somali militant group linked to al-Qaeda, are responsible.
The number of people getting sick with tuberculosis has dropped for the first time, while the death toll from the disease reached its lowest level in a decade, helped by progress in countries like China, the World Health Organization said on Tuesday.
China made particularly extraordinary success against TB.
Nobel Peace Prize 2011 Winner Might Want to Send Honor Back To Oslo
Mauritius' year-on-year rate of inflation slowed for a second straight month, with some analysts saying this gave the central bank room to give the economy a boost.
Kenya expects a planned liquefied natural gas terminal to cost $500 million and take 3-5 years to build once it floats a tender in February 2012 as it seeks to diversify sources of electricity to meet rising demand, an energy official said on Wednesday.
U.S. explorer Anadarko Petroleum Corp has raised its estimate of the amount of natural gas it has discovered offshore Mozambique by two thirds, lifting hopes that East Africa could become a major gas exporter.
Women who use contraception injections double their likelihood that they will contract an HIV infection or transmit it to their male partners according to a new research.
Yields on the reopened Kenyan two-year Treasury bond are expected to jump beyond those on short-term Treasury bills, given the anticipated hike in the central bank's benchmark rate on Wednesday, traders said.
Tanzania has arrested seven suspected Somali pirates after an attack on an oil and gas exploration ship operated by Brazilian petroleum company Petrobras off the coast of the east African country.
The ability of the Kenyan government to protect tourists is called into question after a second kidnapping in a month’s time.
The Kenyan shilling fell nearly one percent against the dollar on Monday on dollar demand from energy sector importers and the interbank market, while stocks were marginally lower as foreign investors sold on global risk aversion.
Kenyan Finance Minister Uhuru Kenyatta, appearing at The Hague on Thursday to try to avoid being tried for crimes against humanity, put the blame for violence that followed an election four years ago on his prime minister.
