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  • Kenya central bank extends sale of two-year and 10-year Treasury bonds

    September 26, 2017 11:57 AM

    NAIROBI, Sept 26 (Reuters) - Kenya’s central bank invited bids on Tuesday for two-year and 10-year Treasury bonds worth 13 billion shillings ($126 million) in a tap sale. The bank said in a statement the two-year bond will have an average yield rate and coupon of 11.619 percent, while the 10-year bond will have a coupon of 12.966 percent and average

  • Forget Chinese investment in Africa, here's a tech partnership in the region you haven't heard of

    September 26, 2017 5:16 AM

    South Korea and Rwanda have also both suffered under colonial rule and experienced devastating conflict following independence: the Korean war of the early 1950s and Rwanda's 1994 genocide against the Tutsi tribe. "This shared experience in modern history strikes a chord with Korean people," Lee said. Rwandans in turn look towards South Korea's "quick

  • Kenya: KQ Seeks State Protection to Ward Off Rivals

    September 26, 2017 2:48 AM

    Kenya Airways is seeking government protection to ward off competition from African and Middle East air carriers flying into Nairobi. In a press conference on Thursday, Kenya Airways chief executive Sebastian Mikosz said the state subsidies extended to carriers such as Ethiopian, RwandAir, and Gulf airlines like Etihad meant that they were not competing

  • Kenya Railways announces freight charges for Mombasa and Nairobi route

    September 25, 2017 11:32 AM

    September 25, 2017: Kenya has recently approved freight charges for the standard gauge railway. Kenya Railways Corporatoion (KRC) will start freight operations on the Standard Gauge Railway (SGR) from December 2017. And the government is aiming to transport 40 percent of cargo from Mombasa port by rail. According to news paper reports, the corporation

  • Vodafone Group PLC (VOD) Shares Sold by Hotchkis & Wiley Capital Management LLC

    September 23, 2017 4:32 PM

    Hotchkis & Wiley Capital Management LLC lessened its holdings in shares of Vodafone Group PLC (NASDAQ:VOD) by 4.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 16,235,098 shares of the cell phone carrier’s stock after selling 741,179 shares during the quarter. Vodafone Group PLC comprises approximately 1.9% of Hotchkis

  • Why KQ will take longer to fly to New York despite clearance

    September 22, 2017 9:05 PM 1

    Kenya Airways Chairman Michael Joseph consults with Company Secretary Catherine Musakali during an annual general meeting in Nairobi. [Wilberforce Okwiri, Standard] National carrier Kenya Airways (KQ) will take longer before it can fly directly to the US despite having received the green light to do so. According to the Chief Executive Sebastian Mikosz

  • Gym app Pact pays $1m over broken promises

    September 22, 2017 1:52 PM

    Fitness app Pact, which promised members financial rewards for meeting their health goals, has settled accusations that it broke its promises. The app let people set exercise and dietary goals, and charged them a penalty between $5 (£3.70) and $50 if they failed to meet their target. It pledged to share some of the "fines" with members who did reach

  • Madaraka Express passengers to buy tickets via SMS

    September 22, 2017 8:59 AM

    Passengers travelling on the Standard Gauge Rail (SGR) train between Nairobi to Mombasa will from Saturday book, cancel and pay for their tickets through their mobile phones following introduction of a SMS-based payment platform. Kenya Railways is hoping the move will tackle middlemen cashing in on selling tickets at higher prices by allowing passengers

  • CBK remains mum on details of new currency

    September 21, 2017 12:57 PM

    The Central Bank of Kenya (CBK) Thursday remained mum on details of the planned introduction of a new-look currency. This came as debate raged among Kenyans on how the new currency, including notes and coins, will look like. The production of new currency notes that do not bear the images of former presidents was supposed to start after passage of the 2010 Constitution

  • CBK mum on timeline for introduction of new-look currency

    September 21, 2017 12:23 PM

    The Central Bank of Kenya (CBK) Thursday remained mum on details of the planned introduction of a new-look currency. This came as debate raged among Kenyans on how the new currency, including notes and coins, will look like. The production of new currency notes that do not bear the images of former presidents was supposed to start after passage of the 2010 Constitution