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  • Wall Street gains in relief rally after French vote result

    April 24, 2017 4:55 PM 2

    U.S. stocks surged on Monday, tracking a relief rally that swept through European and Asian stock markets, after Centrist candidate Emmanuel Macron won the first round of the French presidential election. Polls showed pro-EU Macron is expected to beat right-wing rival Marine Le Pen in a deciding vote on May 7, allaying some fears of a breakup of the Eurozone

  • Dow rises 200 points at the open as French election results spark rally; Nasdaq hits all-time high

    April 24, 2017 1:33 PM

    The euro also rose sharply against most major currencies. The common currency briefly broke above $1.09 against the U.S. dollar and last traded around 1.2 percent higher at $1.0856. Macron "is the prohibitive favorite to win the presidency in two weeks thereby leaving far too little time for his challenger to make up any significant ground," said Jeremy

  • Dems say Trump can avert shutdown risk if he relents on wall

    April 24, 2017 12:03 PM

    Catherine Lucey and Hope Yen, Associated Press WASHINGTON (AP) — President Donald Trump could avert the risk of a government shutdown next weekend by stepping back from his demand that lawmakers fund his promised border wall with Mexico in a must-pass spending bill, Congress' two top Democrats said Monday. "If the president stepped out of it, we could

  • French election ignites a global stock market rally

    April 24, 2017 11:43 AM

    President Donald Trump is set to speak to German Chancellor Angela Merkel by phone this morning. Merkel said Sunday she's encouraged that the U.S. would take a look at a future trade agreement with the European Union. (Reuters) Trump hosts members of the U.N. Security Council at the White House today, a highly unusual meeting made even more startling

  • Kenya's Safaricom says technical fault hits services

    April 24, 2017 8:20 AM

    (Adds details, quotes) NAIROBI, April 24 (Reuters) - Kenyan telecoms firm Safaricom said on its Twitter feed that it was working to fix a technical fault on its network that was affecting services countrywide on Monday. Safaricom, which is 40 percent owned by Britain'sVodafone , is Kenya's leading telecoms operator. It has 26 million subscribers and dominates

  • Kenyans on Twitter react to Jubilee party primaries

    April 24, 2017 5:08 AM

    The Jubilee party primaries that took place last week amid fisaco and drama did not miss the hawked eyes of Kenyans On Twitter(KOT). Using the trending hashtags #JubileePrimaries, and #JubileeNominations and #JubileeEliminations, KOT took humour to the next level by ridiculing the party's primaries that were marred with violence, fist fight among other

  • Laikipia ranchers warn of job losses

    April 23, 2017 3:02 PM

    Laikipia ranchers and wildlife conservancy operators have warned of job losses and freezing of development funds, in an economy on which they claim Sh3.7 billion was spent last year. Their umbrella body, Laikipia Farmers Association, (LFA) said members were contemplating freezing funds to various enterprises to stem losses incurred from reduced commercial

  • World Bank raises sub-Saharan Africa prospects

    April 22, 2017 5:03 PM

    Economic growth in sub-Saharan Africa is seen rising between this year and 2019, helped by better commodity prices, but the continent needs to do more to boost per capita income and create jobs, World Bank Chief Economist for Africa Albert Zeufack has said. Sub-Saharan African economies have been hit by lower commodity prices which has slowed growth

  • Catholic Church micro finance starts operations

    April 21, 2017 5:10 PM

    The Catholic Church has unveiled a micro finance institution to tap into a large unbanked Kenyan population. Caritas Microfinance Bank (Caritas MFB), which was licensed to operate as an MFI by the Central Bank of Kenya (CBK) in June 2015, joins several other faith based financial services providers. Caritas MFB Chairman Patrick Kinyori said the bank would

  • Survey: More homes have electricity compared to 2015

    April 20, 2017 9:19 AM 1

    NAIROBI, KENYA: Kenyans are more connected to national grid compared to a year ago, 2017 economic survey now reveals. The Kenya National Bureau of Statistics says that the number of customers connected under the rural electrification programme rose by 38.2 per cent from 703.2 thousand in 2015 to 972.0 thousand in 2016. The supply of electricity recorded