This country's currency is sliding, attracting the attention of global investors—and the move may presage more global currency pain ahead.» Read More
NAIROBI, April 2- At least 14 people were reported killed on Thursday when Islamist militant group al Shabaab stormed a university campus near Kenya's border with Somalia, taking Christian students hostage and battling security forces over several hours. Police and soldiers surrounded and sealed off Garissa University College and were attempting to flush...
NAIROBI, April 2- At least 14 people were reported killed on Thursday when Islamist militants stormed a university campus near Kenya's border with Somalia, taking Christian students hostage and battling security forces over several hours. Police and soldiers surrounded and sealed off Garissa University College and were attempting to flush out the gunmen,...
Private equity firms are doing more deals in Africa to tap the continent's growing population and wealth.
*In Nigeria, street hawkers seize their chance. ABUJA, March 13- Few Nigerians are applauding the collapse of oil prices, which has hit the economy of Africa's top crude producer hard and hammered its currency, the naira. In other African crude producers such as Angola and South Sudan, the sharp drop in oil receipts has caused the official supply of dollars to dry up,...
*Kenya to remain "active" in debt market after Eurobond. NAIROBI, March 2- Kenya's drive to improve rail, roads and power plants will help spur economic growth to 6.9 percent in 2015 and 7 percent in coming years, its finance minister said. As well as infrastructure development, Kenya's economy would benefit from the drop in global oil prices, which would spur the...
*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.
Experts reveal which sectors in Africa are poised to make headway, and how investors are tapping in.
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.