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  • NAIROBI, Aug 18- Kenyan Finance Minister Henry Rotich on Tuesday promised further steps, including cutting the budget deficit, to stabilize the currency after a 12 percent fall against the dollar so far this year. Rotich said the bulk of this gap was covered by funds already secured from China for the construction of a modern railway linking the port of Mombasa to...

  • UPDATE 1-Kenya, Uganda settle on crude pipeline route Monday, 10 Aug 2015 | 12:15 PM ET

    KAMPALA, Aug 10- Kenya and Uganda have reached a final decision on the route for a crude pipeline linking their newly found oilfields to the Kenyan coast, an important step for oil firms to make a final investment decision, the countries' presidents said on Monday. Oil executives have previously said they cannot make progress with their final investment decision...

  • *Kenyan brewer has 51 pct stake in Tanzania brewer. *Tanzania regulator wants to revoke the stake. NAIROBI, July 31- Kenya's East African Breweries Ltd said on Friday it would try to convince Tanzanian authorities not to revoke its acquisition of a controlling stake in Tanzania's second-largest brewery.

  • MUMBAI, July 27- Facebook Inc plans to scale up its service to offer free basic Internet on mobile phones, an executive said, after introducing the application in 17 developing countries over the past year. Facebook developed the platform with six technology partners to bring an estimated 4.5 billion unconnected people online, mainly in Latin America, Asia and...

  • NAIROBI, July 9- Kenya's new mining law, which will give the government a 10 percent stake in new projects and aim to spur growth of the sector, should be in place in September, the minister in charge of the plan told Reuters. Kenya exports titanium, fluorspar and manganese and has reserves of coal, niobium and rare earths, but mining currently accounts for less than 1...

  • *Good African plans cafes in Washington, London. From his outlets in Kampala, Rugasira wants to expand his Good African Coffee cafes to Washington DC, London, and other African capitals. The idea is to sell cappuccinos and lattes with a' Made in Africa' story to draw customers who might otherwise go to America's Starbucks or Britain's Costa.

  • JOHANNESBURG, June 29- Packed tightly at a row of graffitied desks in an overcrowded classroom, students at Masiqhakaze Secondary School near Johannesburg shiver as a chilly breeze blows through broken windows. In a 2015 report the World Economic Forum ranked South Africa last in the quality of mathematics and science education and close to last at 139 out of...

  • NAIROBI, June 24- The European Union said it will offer counter-terrorism training to help east African security agencies improve cross-border investigations and prosecutions in a region hit by deadly raids carried out by Islamist militants. The new program, to be implemented later this year or early 2016 across Kenya, Ethiopia, Eritrea, Djibouti, South Sudan,...

  • *Al Shabaab has launched series of attacks in Kenya. DADAAB, Kenya, June 21- When Kenyan police arrested six men in the vast Dadaab refugee camp near the Somali border last April, their ultimate aim was to dismantle a decades-old sugar smuggling trade that is funding Somali militants waging war on Kenya. The arrests, coming weeks after four al Shabaab gunmen...

  • Chinese airlines look inland for outbound opportunities Wednesday, 13 May 2015 | 11:19 PM ET

    By Fang Yan and Matthew Miller BEIJING, May 14- Chinese airlines are banking on the newly rich in China's inland provinces to drive the next phase of their global expansion, offering flights to destinations like San Jose and Nairobi from cities hundreds of miles from aviation hubs on the Chinese coast. Air China, China Eastern Airlines and China Southern...

  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.

  • NAIROBI, May 5- Kenya's shilling weakened against the dollar on Tuesday, hitting a fresh three and a half year low and breaking the technical support level of 95.00. At the 1300 GMT close of trade, commercial banks quoted the shilling at 95.05/ 15 to the dollar, its lowest since November 2011, and down from 94.80/ 90 at Monday's close. "It looks like we've been flirting...

  • DIARY- Emerging Markets Economic Events to May 14 Thursday, 30 Apr 2015 | 8:02 PM ET

    SANTIAGO- Central bank of Chile to release the minutes of April policy meeting- 1230 GMT. BUDAPEST- Central Bank of Hungary non-rate-setting meeting. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting.

  • KENYA'S FINANCE MINISTER TELLS REUTERS DRAFT LAW FOR PLANNED NAIROBI FINANCIAL CENTER TO BE READY IN 3 MONTHS.

  • *West Africa produces 70 percent of world's cocoa. Other African companies such as Ghana's Golden Tree use local cocoa but import milk powder and sugar. Multinationals such as Nestle mass produce chocolate in South Africa for the continent's consumers and source ingredients globally.

  • World Bank money funds 'trail of misery': Report Thursday, 16 Apr 2015 | 5:02 PM ET
    People walk past shanty homes at Badia East slums in Lagos.

    The World Bank is failing to protect the poor and vulnerable people affected by the projects it funds says a new report.

  • *Kenya already receives intelligence support from U.S, UK. *Kenya drawing up list of radicalised youth. NAIROBI, April 7- Kenya needs more help from its U.S. and European allies with intelligence and security measures to help prevent further massacres by Somali militants, Foreign Minister Amina Mohamed told Reuters on Tuesday.

  • NAIROBI, April 6- The Kenyan air force has destroyed two al Shabaab camps in Somalia, it said on Monday, in the first major military response since the Islamist group massacred students at a Kenyan university last week. Gunmen from the al Qaeda- aligned group killed 148 people on Thursday when they stormed the Garissa University College campus, some 200 km from the...

  • MAASAI MARA/MOMBASA, Kenya, April 6- Hoteliers from Kenya's Indian Ocean coast region and sprawling game park reserves said tourists have started cancelling trips to the east African nation after Islamist gunmen last week killed 148 people at a university campus. Since then, repeat al Shabaab attacks and travel warnings issued by the likes of Britain, United...

  • NAIROBI, April 6- The Kenyan air force has bombed two al Shabaab camps in Somalia, a defence force source said on Monday, in the first major military response to last week's attack by the militant group on a Kenyan university. Gunmen from the al Qaeda- aligned group killed 148 people on Thursday when they stormed the Garissa University College campus, some 200 km from...