Business Kenya

  • NAIROBI, Kenya— Japanese Prime Minister Shinzo Abe has arrived in Kenya to launch the Tokyo International Summit on African Development which 35 heads of state are expected to attend. Kenyatta says the exchange of ideas and technology can hasten industrialization in Africa, which is key in alleviating poverty. This is the sixth edition of the Tokyo summit on...

  • LONDON, Aug 25- Financial technology groups from more than 20 cities across the world plan to form a federation of' fintech' hubs this year in what would be the first attempt to coordinate and globalize web-based innovation transforming the financial industry. Innotribe, the innovation arm of financial communications provider SWIFT, and Innovate Finance, the...

  • CHISINAU- National Bank of Moldova interest rate decision. NAIROBI- African Development Bank President Akinwumi Adesina holds a press conference to highlight Africa's economic growth progress and list structural challenges that hinder the continent from achieving rapid, inclusive and sustainable growth- 1330 GMT. SATURDAY, AUGUST 27 SEOUL- South Korea...

  • Another nation is set to extract oil and expects to be adding to global production by June next year.

  • SEOUL- South Korean Finance minister Yoo Il-ho speaks at a forum on easing regulations for corporations- 0500 GMT. NAIROBI- Central Bank of Kenya Governor Patrick Njoroge holds a joint news conference with CEOs of commercial banks- 0700 GMT. SEOUL- Bank of Korea holds its monetary policy meeting and will give its decision on interest rates- 0100 GMT.

  • MOGADISHU, July 30- Barely 12 hours after a failed coup in Turkey, Somalia's cabinet met in Mogadishu to consider a request from Ankara to shut down two schools and a hospital linked to Fethullah Gulen, the Muslim cleric Turkey blames for the attempted putsch. Turkey's ties with Somalia are well established. Turkey was a major contributor to the humanitarian aid...

  • NAIROBI- Central bank of Kenya monetary policy meeting- 0000 GMT. TUESDAY, JULY 26 JOHANNESBURG- South African Finance Minister Pravin Gordhan speaks at Nedbank group's annual investment summit on "the role of business in securing a more prosperous and inclusive future for all South Africans"- 0700 GMT. ANKARA- Turkey central bank to publish quarterly inflation...

  • JOHANNESBURG, July 22- Kenya's central bank will cut interest rates in November in east Africa's biggest economy as inflation is expected to moderate toward year-end, a Reuters poll found on Friday. "I see this as a pause in monetary policy easing, I don't necessarily see it as the end," said Jibran Qureish, economist at Standard Bank in Nairobi.

  • *Nigeria likely to raise rates to 13.00 pct on Tuesday. JOHANNESBURG, July 22- Nigeria's central bank is likely to raise interest rates on Tuesday in an attempt to curb soaring inflation and attract foreign capital, but it runs the risk of triggering a recession, a Reuters poll showed on Friday. Even so, the median forecast from a Reuters poll of 13 analysts taken July...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • THURSDAY, JULY 21 JAKARTA- Indonesia central bank rate decision- 0700 GMT. PRETORIA- South African Reserve Bank rate decision- 1300 GMT. MONDAY, JULY 25 JERUSALEM- Bank of Israel interest rate decision- 1300 GMT.

  • WEDNESDAY, JULY 20 BEIJING- World Bank Group President Jim Yong Kim to visit China. THURSDAY, JULY 21 JAKARTA- Indonesia central bank rate decision- 0700 GMT. PRETORIA- South African Reserve Bank rate decision- 1300 GMT.

  • JUBA/ UNITED NATIONS, July 10- Renewed fighting erupted in South Sudan's capital on Sunday and forces loyal to Vice President Riek Machar said his residence was attacked by the president's troops, raising fears of a slide back into full-blown conflict in the five-year-old nation. At least 272 people have been killed in the fighting, a Health Ministry source told...

  • *South Sudan trying to rebuild after two-year civil war. JUBA, July 10- Renewed fighting erupted in South Sudan's capital on Sunday and forces loyal to Vice President Riek Machar said his residence was attacked by the president's troops, raising fears of a slide back into full-blown conflict in the five-year-old nation. At least 272 people have been killed in the...

  • *South Sudan trying to rebuild after two-year civil war. JUBA, July 10- Renewed fighting erupted in South Sudan's capital on Sunday and forces loyal to Vice President Riek Machar said his residence was attacked by the president's troops, raising fears of a slide back into full-blown conflict in the five-year-old nation. "I am deeply frustrated that despite...

  • *South Sudan trying to rebuild after two-year civil war. JUBA, July 10- Renewed fighting erupted in South Sudan's capital on Sunday and forces loyal to Vice President Riek Machar said his residence was attacked by the president's troops, raising fears of a slide back into full-blown conflict in the five-year-old nation. At least 272 people have been killed in the...

  • TUESDAY, JUNE 21 CANCUN, Mexico- The Organisation for Economic Co-operation and Development's Ministerial Meeting on the Digital Economy: Innovation, Growth and Social Prosperity, to move the digital agenda forward in four key policy areas foundational to the growth of the digital economy. ANKARA- Turkey central bank monetary policy meeting- 1100 GMT.

  • NAIROBI, June 9- Kenya's biggest telecoms company Safaricom is joining up with a local software firm to launch a ride-hailing company to take on Uber as it seeks new sources of revenue, its chief executive said. Safaricom, which is 40 percent owned by Britain's Vodafone, and Nairobi- based software developer Craft Silicon will launch the app called Littlecabs in...

  • *Ethiopia seeks to industrialise poor, agrarian economy. ADDIS ABABA, June 1- Ethiopia has grand ambitions for its tiny auto industry, seeking to transform a handful of assemblers that bolt together imported kits into a network of factories that can make the country Africa's biggest car manufacturer over the next two decades. Ethiopia produces about 8,000...

  • MONDAY, MAY 23 BEIJING- Federal Reserve Bank of St. Louis President James Bullard gives Beijing City Lecture on the U.S. economy and monetary policy before the Official Monetary and Financial Institution Forum- 0930 GMT. ROME- IMF head of mission Rishi Goyal and vice director for Europe Thanos Arvanitis hold a news conference to discuss their latest annual...