Edition:
United Kingdom

Omar Mohammed

UPDATE 2-Sluggish credit flow imperils Kenya's economic growth -Equity Group

05 Nov 2018

NAIROBI, Nov 5 Kenya might be unable to sustain its economic growth rate of about 6 percent per annum due to poor credit growth caused by a cap on commercial lending rates, the chief executive of Equity Group said on Monday.

African billionaire returns home unharmed after release by kidnappers - police

20 Oct 2018

DAR ES SALAAM/NAIROBI Africa's youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, has returned home unharmed after being released by his kidnappers, police said on Saturday.

Special Report - Slamming the door: How Trump transformed U.S. refugee programme

12 Sep 2018

WASHINGTON/KAKUMA, KENYA On Jan. 19, 2017, Aden Hassan’s long wait to start a new life ended when he stepped off a plane in Columbus, Ohio, half a world away from the Kenyan refugee camp where he had lived for a decade. | Video

UPDATE 1-Kenya imposes 16 percent VAT on petroleum products, defying lawmakers

01 Sep 2018

NAIROBI, Sept 1 Kenya's revenue authority imposed a 16 percent value added tax on all petroleum products on Saturday, defying lawmakers who had voted earlier this week to delay the levy for two years due to concerns about the cost of living.

Kenya's Finserve to tap into Africa's e-commerce, remittances market

24 Aug 2018

NAIROBI, Aug 24 Kenyan bank Equity Group's fintech business Finserve is betting on a new payment platform for customers and businesses across East and Central Africa to tap into the region's e-commerce and remittances markets.

Uber to push further into East Africa with services like Chap Chap

17 Aug 2018

NAIROBI Uber [UBER.UL] the global ride-hailing company, is considering expanding into two other East African countries before the end of 2018, focusing on low cost services like Chap Chap in Kenya, the company said on Friday.

UPDATE 2-KCB Group to finalise Imperial Bank deal in September

16 Aug 2018

NAIROBI, Aug 16 KCB Group expects to finalise a takeover of smaller rival Imperial Bank by the end of September, Kenya's biggest bank by assets said on Thursday after reporting higher first-half profits.

Uber rival Taxify bets on motorcycles and rickshaws in East Africa

09 Aug 2018

NAIROBI Taxify, an Estonian ride-hailing company aiming to take on Uber [UBER.UL] in emerging markets, will invest millions of euros in East Africa in the next five years with a strategy focused on motorized rickshaws and motorcycles, it said on Thursday.

Eritrean Airlines starts regular flights to Addis, improving relations -minister

04 Aug 2018

NAIROBI Eritrean Airlines has begun regular flights to Ethiopia's capital Addis Ababa, the Eritrean information minister said on Saturday, marking another step in improving relations between the Horn of African countries after a generation of hostility.

Isuzu finds used car habit curbs East African industry growth

01 Aug 2018

NAIROBI, Aug 1 Secondhand Asian imports are the biggest challenge to the growth of car manufacturing in East Africa, an executive at Japan's Isuzu, which is trying to tap into its emerging middle class, said on Wednesday.

World News