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Business Kenya

  • NAIROBI, Kenya— Kenya's government is "unlikely" to shut down the internet during next month's presidential elections but some social media might be shut down as needed, government officials said Monday. Communication Authority of Kenya chief Francis Wangusi said they are not thinking of shutting down the internet but warned that it should not be used to...

  • NEW YORK, July 7- While top scientists may be deploying their brainpower on critical projects such as climate change research and conservation, they often entered the workforce in far more modest ways. Jane Goodall Founder, Jane Goodall Institute; UN Messenger of Peace First job: Secretary "When I left school, we had no money for university, but just enough for a...

  • DAR ES SALAAM, June 29- The Tanzanian government submitted three bills to parliament on Thursday that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors. It was not immediately clear how the proposed renegotiation of contracts would affect a planned $30...

  • Soybeans are loaded onto a truck after being harvested at the Sitio Azulao farm, near Itapetininga, Brazil.

    Global food security depends on trade in four staple crops whose output is concentrated in a handful of exporting nations, Financial Times reports.

  • Ghana-based media startup OMG Digital previously participated in a Y Combinator accelator program, Tech Crunch reports.

  • Nairobi, Kenya skyline

    Mark Zuckerberg is one of the Silicon Valley leaders who have invested in the continents tech ecosystem.

  • *Taxify takes on Uber in Europe, Africa; joining other up-starts globally. *Taxify will soon test model in London, biggest European market. Estonia upstart Taxify is hoping to win over drivers and take on Uber Technologies Inc, the industry leader, by offering a larger share of the profit.

  • *Barrick, Tanzania teams set up to resolve export ban. Tanzania is Africa's fourth-largest gold producer, and Acacia its largest miner, with three gold mines that also produce copper in the East African country. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the...

  • *Barrick, Tanzania teams set up to resolve export ban. DAR ES SALAAM/ NAIROBI, June 14- Barrick Gold Corp subsidiary Acacia Mining PLC and Tanzania agreed on Wednesday to hold talks aimed at resolving an escalating dispute over an export ban, after a meeting between Barrick's chairman and the country's president. Acacia's valuation has nearly been halved, to some...

  • *Acacia, Tanzania teams set up to resolve export ban. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the construction of a local smelter to make the country's gold exports more valuable. "The company is ready to hold talks with the government of Tanzania over the payment...

  • NAIROBI, June 6- Kenya will offer $750 million in guarantees to Kenya Airways' existing creditors to help the heavily-indebted carrier secure financing from other sources to complete its recovery, a cabinet document showed on Tuesday. Several international firms have set up their regional headquarters in Nairobi to take advantage of Kenya Airways'...

  • Aside from South Africa and Nigeria, governments have not yet done enough to develop capital markets that would have allowed them to raise more money in their own currencies, investors say. United Nations trade body UNCTAD estimates that Africa's external debt stock rapidly grew to $443 billion by 2013 through bilateral borrowing, syndicated loans and bonds.

  • Aside from South Africa and Nigeria, governments have not yet done enough to develop capital markets that would have allowed them to raise more money in their own currencies, investors say. United Nations trade body UNCTAD estimates that Africa's external debt stock rapidly grew to $443 billion by 2013 through bilateral borrowing, syndicated loans and bonds.

  • JOHANNESBURG, May 15- UK- based telecoms group Vodafone moved to consolidate two of its African interests on Monday with the transfer of a 35 percent stake in Kenya's Safaricom to majority-owned South African subsidiary Vodacom. The 34.6 billion-rand deal, structured as an acquisition of the stake by Vodacom in return for new shares, is the latest move by...

  • JOHANNESBURG, May 15- UK- based telecoms group Vodafone moved to consolidate two of its African interests on Monday with the transfer of a 35 percent stake in Kenya's Safaricom to majority-owned South African subsidiary Vodacom. Shares in Vodacom were up 0.2 percent at 153 rand at 1043 GMT, when Vodafone's shares were down 0.3 percent at 210 pence.

  • NAIROBI, May 12- Serena Hotels operator TPS Eastern Africa is optimistic about prospects for this year after an 8 percent rise in bookings for safaris in Kenya for second half, its chief executive said on Friday. Bookings are up even though Kenya goes to the polls on August 8, a decade after a disputed presidential election led to violence, which left more than a...

  • Sudan, the last male northern white rhino left on the planet, in Kenya.

    This rhino bachelor is single — literally the only rhino of its species left, USA Today reports.

  • *Tens of billions of dollars pour into China's " Silk Road". SHANGHAI/ BEIJING, April 24- Global security companies and their smaller Chinese rivals are jostling for business along Beijing's modern-day " Silk Road," the grandiose plan for land and sea routes connecting the world's second largest economy with the rest of Asia and beyond. It won't be easy, however, with...

  • LAGOS, April 20- Nigeria's naira shot firmer on the country's black market on Thursday as traders prepared for the central bank to increase the dollar supply to exchange bureaux to keep the official retail rate higher. The central bank plans to sell $20,000 each to bureaux de change operators on Thursday, the operators' association president, Aminu Gwadabe, told...

  • LONDON- British Finance Minister Philip Hammond and Bank of England Governor Mark Carney will speak at London FinTech conference 0930 GMT. BRUSSELS- Christine Lagarde Managing Director of the International Monetary Fund will speak about the global outlook and policy priorities ahead of the upcoming 2017 IMF Spring Meetings 0900 GMT.