• Explosion at arms factory rocks Sudan's capital Wednesday, 24 Oct 2012 | 10:16 AM ET

    KHARTOUM, Sudan-- A powerful explosion at a military factory rocked Sudan's capital before dawn Wednesday, sending detonating ammunition flying through the air and causing panic, the official news agency and local media reports said. Khartoum governor Abdul-Rahman Khedr told SUNA agency that no one died in the explosion.

  • Group: Hunger 'critical' in violent area of Sudan Thursday, 18 Oct 2012 | 10:34 AM ET

    NAIROBI, Kenya-- More than 80 percent of people living in a conflict zone in Sudan's southern region are eating only one meal a day, compared with 10 percent one year ago, a U.S. advocacy group said Thursday, citing research collected from a region where aid groups aren't allowed to operate.

  • Should Africa be growing more wheat? Tuesday, 16 Oct 2012 | 1:35 PM ET

    DEBRE ZEIT, Ethiopia-- Bedlu Mamo stood in middle of his field in Ethiopia and cast a wary eye at the new variety of wheat he planted for the first time. As the U.N.' s Food and Agricultural Organization marked World Food Day on Tuesday, experts are reexamining what crops are best produced in Africa, for Africans.

  • UPDATE 1-Kenyan shilling firms vs dollar, shares slip Friday, 12 Oct 2012 | 11:36 AM ET

    *Stocks' bull run expected to continue. NAIROBI, Oct 12- The Kenyan shilling. At the 1300 GMT market close, commercial banks quoted the shilling at 85.00/ 20 to the dollar, slightly firmer than Thursday's close of 85.10/ 30..

  • Somalia says will not cancel new oil contracts Friday, 12 Oct 2012 | 10:53 AM ET

    NAIROBI, Oct 12- Somalia does not plan to nullify oil and gas exploration contracts made in recent years in favour of those that were signed prior to the toppling of the government in 1991, a senior state official said on Friday.

  • MOGADISHU, Oct 12- Somali pirates have released the Greek-owned bulk carrier Free Goddess and its 21 Filipino crew members after holding the vessel for more than eight months, the secretary general of the Seafarers Union of Kenya said on Friday.

  • NAIROBI, Oct 12- Uganda's sole power distributor, Umeme, has priced its 622.38 million shares to be sold through an Initial Public Offering at 275 shillings each, a source close to the deal said on Friday. It has a 20- year electricity distribution concession in east Africa's third-largest economy.

  • Swiss Re reinsures Rwanda crop insurance programme Friday, 12 Oct 2012 | 7:05 AM ET

    LONDON, Oct 12- A Swiss Re- backed micro-insurance project that provides weather insurance for crops in Kenya has been expanded to Rwanda, the companies involved said on Friday.

  • Kenya's cbank says in repo market to mop up $59 mln Friday, 12 Oct 2012 | 4:48 AM ET

    NAIROBI, Oct 12- Kenya's central bank said on Friday it was in the repurchase agreements market to mop up 5 billion shillings in excess liquidity.

  • NAIROBI, Oct 12- The Kenyan shilling. At 0716 GMT, commercial banks quoted the shilling at 85.05/ 25 to the dollar, barely changed from Thursday's close of 85.10/ 30.. "It looks a bit quiet for now, but we could see a bit more pressure on the shilling from importers... pushing it to its 85.50 support," said Julius Kiriinya, a trader at African Banking Corporation.

  • African Markets - Factors to watch on Oct 12 Friday, 12 Oct 2012 | 1:21 AM ET

    NAIROBI, Oct 12- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. MAURITIUS- Bank of Mauritius to auction 364- day Treasury bills worth 500. by tensions between Turkey and Syria, lower output at North Sea oilfields.

  • MOMBASA, Kenya, Oct 12- The number of tourists visiting Kenya's coast fell by 22 percent in the first eight months of this year compared to 2011 due to concerns over Islamist violence and the cost of landing rights in the traditional tourist hot spot, tour operators said.

  • NAIROBI, Oct 11- Former U.N. chief Kofi Annan said on Thursday he wants more done to stem rising violence in Kenya before a March 4 election to prevent a repetition of the bloodshed that followed the last vote five years ago.

  • Oct 11- Fitch Ratings has affirmed Eastern and Southern African Trade and Development's Long-term Issuer Default Rating at' BB-', Short-term IDR at' B' and National Long-term Rating at' AA+'.

  • NAIROBI, Oct 11- The Kenyan shilling. The shilling was trading at 85.10/ 30 to the dollar at the 1300 GMT market close, a touch weaker than Wednesday's close of 85.05/ 25.. We've seen dollar demand from telecoms and energy guys while inflows are still low, "said Solomon Alubala, head of trading at Co-operative Bank.

  • Mauritius' Courts to open furniture store in Kenya Thursday, 11 Oct 2012 | 10:40 AM ET

    PORT LOUIS, Oct 11- Courts, the largest consumer electronics and furniture retailer in Mauritius, plans to open its first mainland Africa store in Kenya by the end of next month, it said on Thursday.

  • Kenya's 91-day T-bill yield rise to 8.962 pct Thursday, 11 Oct 2012 | 10:20 AM ET

    NAIROBI, Oct 11- The weighted average yield on benchmark Kenyan 91- day Treasury bills rose for the fourth straight week to 8.962 percent at the auction on Thursday, from 8.439 percent last week, the central bank said.

  • Kenyan remittances jump 19 pct yr/yr in Aug - cbank Thursday, 11 Oct 2012 | 5:46 AM ET

    NAIROBI, Oct 11- Remittances from Kenya living abroad rose 19 percent year-on-year in August to $94.8 million, central bank data showed on Thursday. Remittances are a major source of foreign exchange for east Africa's biggest economy alongside tea, horticulture and tourism.

  • Kenyan shilling under pressure as importers buy dollars Thursday, 11 Oct 2012 | 5:12 AM ET

    NAIROBI, Oct 11- The Kenyan shilling fell marginally against the dollar on Thursday as it came under further pressure from importers in the telecoms and energy sectors buying the U.S. currency, traders said. was trading at 85.15/ 25 to the dollar at 0739 GMT, a touch weaker than Wednesday's close of 85.05/ 25..

  • Kenya's cbank seeks to mop up $18 mln via repos Thursday, 11 Oct 2012 | 4:47 AM ET

    NAIROBI, Oct 11- Kenya's central bank sought on Thursday to mop up 1.5 billion shillings in excess liquidity via repurchase agreements. The bank has persistently mopped up liquidity throughout much this year to support the shilling, which is 0.1 percent stronger than the dollar in the year-to-date.