The World Bank is failing to protect the poor and vulnerable people affected by the projects it funds says a new report.» Read More
*Carrefour to open first Kenya store this year. *Kenya seen as gateway to regional trade. Kenya, with a GDP of $53.4 billion, is a gateway to regional trade, but it holds other attractions for retail investors.
*Burberry, Louis Vuitton have Africa collections. *World has changing attitude towards Africa. Global fashion designers like Yves Saint Laurent took inspiration from Africa decades ago and more recently brands like Burberry, Louis Vuitton and Christian Dior have embraced the continent's style and broadened its appeal.
BULOBA, Uganda, Dec 23- From the coffee plantations of Uganda to the maize fields of Zambia, the collapse in world oil prices has so far brought few benefits for African farmers, with stubbornly high pump prices and voracious middle-men maintaining a squeeze on margins. Only in South Africa, the continent's most sophisticated economy and one of its top...
Experts reveal which sectors in Africa are poised to make headway, and how investors are tapping in.
NAIROBI, Dec 14- Kenya's Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday saying the cost of importing refined products had fallen. The ERC reduced the maximum price of a litre of petrol in the capital Nairobi by 4.5 percent to 102.01 shillings, but still far higher than the 70- 80 shillings it retailed at in 2009, when the...
Unlike a hurricane, tornado or snowstorm, the ends and beginning of droughts are very hard to predict.
The U.S. attacked al-Shabab not only for its current capabilities, but to safeguard against its future potential, experts said.
Staff with the World Health Organization battling an Ebola outbreak in West Africa see evidence the numbers of reported cases and deaths vastly underestimates the scale of the outbreak.
The U.S. has dispatched similar teams around the world and they have been unable to affect outcomes. The Fiscal Times reports.
Argentina’s debt default drama has failed to deter investors from emerging market bonds, as the hunt for returns continues.
SunCulture co-founders Samir Ibrahim and Charlie Nichols left Wall Street to start SunCulture, a company that provides solar powered drip irrigation to farmers in Nairobi, Kenya.
Interpol issued an alert at Kenya's request for a British woman who has been cited by police as a possible suspect in the attack on a Nairobi mall.
Africa's rapid economic growth has lured top American private equity firms to invest, including The Carlyle Group and Blackstone.
Kenyan President Uhuru Kenyatta says security forces have finally defeated a small group of terrorists after four days of fighting at a Nairobi mall.
Nick Anthony, COO at S4Si, discusses the situation in Kenya where the terrorist group Al-Shabaad is enacting a "campaign of terror" and advises investors against pulling out from Kenya.
Kenya's Interior Ministry is saying it is in control of Westgate Mall, and in other news, there are reports President Obama will shake hands with the new Iranian President Hassan Rouhani at the UN General Assembly. CNBC's Mary Thompson reports.
Explosions and gunfire erupted today at the upscale shopping center in Nairobi where terrorist invaded this weekend. NBC's Rohit Kachroo reports the latest details.
NBC's Ron Allen reports the Kenyan government is claiming they have the hostage situation under control. There have been episodes of gun fire and explosions throughout the day.
NBC's Ron Allen reports at least 68 people are dead and 170 injured in an attack on a mall in Kenya.
Sporadic gun fire and explosions were still heard in the Nairobi mall throughout the night as government forces moved to "more aggressive position" reports NBC's Rob Allen from Nairobi.