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  • *Kenya reviewing taxes and levies on tea- official. NANDI HILLS, Kenya, April 25- Kenya is reviewing taxes and levies on tea production after industry executives and farmers said the charges were putting them at a competitive disadvantage. Kenya earned 125.25 billion shillings from tea exports last year on output of 399.21 million kg.

  • The group has operations in 16 African nations, including Kenya, and offers services via correspondent banks in 22 more markets in Africa, where sliding commodities prices have put the brakes on previously strong growth. "We see Africa as an opportunity to invest rather than exit or divest," Standard Chartered Chairman John Peace told Reuters in Nairobi, adding...

  • *Kenya aims to cut budget deficit in 2016/ 17. NAIROBI, April 14- Kenya is seeking more private investment in state infrastructure to maintain the pace of spending on new railways and other vital assets while reducing the budget deficit, senior government officials said. Finance Minister Henry Rotich said the government had initiated several Public Private...

  • NAIROBI, April 8- Kenyan police ordered the arrests of eight bank executives on Friday, a day after the latest in a series of troubled banks was put into receivership, but the country's finance minister insisted the financial system was "very sound." Central bank Governor Patrick Njoroge said authorities would deal firmly with bankers who put depositors' money at...

  • NAIROBI, March 29- Kenya has scrapped plans for a new terminal building at Nairobi's main airport due to financial pressures and excess capacity caused by recent upgrades to existing facilities, the Kenya Airports Authority said on Tuesday. President Uhuru Kenyatta launched the $650 million terminal project for Jomo Kenyatta International Airport in...

  • *Many Iranians abroad wary of returning to the Islamic Republic. LONDON, March 29- International firms are hunting for Western-educated Iranians to take on executive jobs in the Islamic Republic after the removal of most sanctions, but are finding it hard to win them over. Yet there's never been a queue of expats applying for jobs here, " Giuseppe Carella, the Iran...

  • *Many Iranians abroad wary of returning to the Islamic Republic. LONDON, March 29- International firms are hunting for Western-educated Iranians to take on executive jobs in the Islamic Republic after the removal of most sanctions, but are finding it hard to win them over. Yet there's never been a queue of expats applying for jobs here, " Giuseppe Carella, the Iran...

  • NAIROBI, March 29- Kenya has invited bids for an adviser to help identify an operator for its new standard gauge railway network, a massive infrastructure project aimed at boosting trade and cutting transport costs across East Africa. The $13.8 billion rail project, which began in December 2014, will eventually link Kenya's Indian Ocean port of Mombasa to the...

  • BERLIN/ SYDNEY, March 23- Several countries have tightened or reviewed airport security following twin explosions at Brussels Airport, as Australian Prime Minister Malcolm Turnbull on Wednesday blamed Europe's porous borders and lax security for the attack. Islamic State claimed responsibility for the bomb attacks in the departure hall of Zaventem...

  • BERLIN/ SYDNEY, March 23- Several countries have tightened or reviewed airport security following twin explosions at Brussels Airport, as Australian Prime Minister Malcolm Turnbull on Wednesday blamed Europe's porous borders and lax security for the attack. Islamic State claimed responsibility for the bomb attacks in the departure hall of Zaventem...

  • BERLIN/ PARIS, March 22- Twin explosions in the departure hall of Brussels Airport prompted several countries worldwide to review or tighten airport security on Tuesday and raised questions about how soon passengers should be screened when entering terminals. Authorities responded by stepping up the number of police on patrol at airports in London, Paris...

  • BERLIN, March 22- Two explosions in the departure hall of Brussels Airport on Tuesday prompted other countries to tighten airport security and raised questions about how soon passengers should be screened when entering terminals. Fourteen people were killed at Zaventem airport and a bomb attack on the Brussels metro system killed 20 others, public...

  • BEIJING, March 13- Juneyao Airlines expects to nearly triple its fleet size by 2020 and orders for the new planes have already been placed, its chairman said on Sunday. The Shanghai- based carrier and its low-cost subsidiary 9 Air will have 150 planes by 2020, up from 57 as of the end of 2015, Wang Junjin told reporters on the sidelines of China's national...

  • NAIROBI, March 1- African private equity funds are likely to raise less cash for investment this year after a bumper 2015, the African Private Equity and Venture Capital Association said. The value of private equity deals in Africa dropped to $2.5 billion last year from $8.1 billion in 2014, though there were more deals worth less than $250 million.

  • ROME, Feb 24- One Tuesday night in June 2015, Tesfom Mehari Mengustu, an Eritrean delivery man in Albany, New York, got a call from a number he did not recognize. Girmay was calling from Libya. "Europe is within reach," Girmay told his brother.

  • *Big cities still growing despite slowing economies. JOHANNESBURG, Feb 14- Africa's biggest economies have been hammered by the collapse in commodity prices over the past 18 months but there are still investment bright spots to be found. In cities such as Lagos, Nairobi, Accra, Kinshasa and Johannesburg, growth remains robust and investors are prospering in the...

  • DAR ES SALAAM, Feb 10- One day last October, agents from a crack Tanzanian crime unit raced past Dar es Salaam's Palm Beach Hotel in pursuit of the suspected leader of a global elephant poaching ring. The agents' target that day was Yang Feng Glan, a 66- year-old Chinese national dubbed the "Ivory Queen," who is accused of running a smuggling empire stretching from the...

  • Kenyan shilllings

    This country's currency is sliding, attracting the attention of global investors—and the move may presage more global currency pain ahead.

  • Why the Kenyan currency is tanking

    The Kenyan shilling is sliding fast. Erin Gibbs of S&P Capital IQ and Larry McDonald of Societe Generale discuss with Brian Sullivan.

  • 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.