Business Kenya

  • SEOUL, Sept 2- State-run utility Korea Electric Power Corp on Friday agreed a deal on developing nuclear energy in Kenya, as the African nation looks to broaden its sources of electricity. The company and the Kenya Nuclear Electricity Board signed a memorandum of understanding to cooperate on the construction of nuclear projects and sharing expertise, South...

  • Mark Zuckerberg

    Mark Zuckerberg's mission to connect the world just got harder.

  • African economies are rising: Pro

    Tony Elumelu, chairman of Heirs Holdings and the United Bank for Africa, adds that many African economies offer exciting opportunities for investors.

  • Resource-poor Japan has long been interested in tapping Africa's vast natural resources, even more so since dependence on oil and natural gas imports jumped after the 2011 Fukushima nuclear disaster shut almost all of Japan's nuclear reactors. This is an investment that has faith in Africa's future, an investment for Japan and Africa to grow together, "he told...

  • NAIROBI, Aug 27- Japan's Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion in public and private support for infrastructure development on the continent. Resource-poor Japan has long been interested in tapping Africa's vast natural resources, even more so since dependence on oil and natural gas imports...

  • NAIROBI, Aug 27- Japan's Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion in public and private support for infrastructure development on the continent. This is an investment that has faith in Africa's future, an investment for Japan and Africa to grow together, "he told a gathering of at least 34 heads of state...

  • 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...

  • CNBC Update: Syrian explosions, Uber protest

    Two blasts stuck a village in Syria; a woman was found alive in a collapsed building in Kenya; hundreds of taxi drivers in Sao Paulo protest against Uber, reports CNBC's Sue Herera.

  • The headquarters of Standard Bank in South Africa

    In a sign of sub-Saharan Africa’s maturing economies, two African banks have executed a $25 million repurchase agreement (repo) transaction.

  • No real facts to support Africa optimism: Whiton

    Christian Whiton, principal at DC International Advisory, discusses U.S. President Barack Obama's historic visit to Kenya.

  • Employees of a cocoa export company pile up sacks in a packaging factory in the Ivory Coast.

    Sub-Saharan Africa has been the darling of frontier market investors for several years. However, a combination of factors could see its appeal for investors wane.

  • 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.

  • Bearded Whole Foods employees compete to raise the most money for microloans in “Shave the Planet” hosted at Whole Foods Fort Collins, Colorado.

    Whole Foods employees are stepping up to provide both money and know-how for microloan projects.

  • People wait in front of the morgue of Chiromo Campus of Nairobi University to identify the corpses of their relatives killed during the Al-Shabaab terrorists' gun attack on Garissa University College, in Nairobi, Kenya, on April 03, 2015.

    Somali militants threatened to stage more bloody attacks on Kenya after the group's fighters killed nearly 150 people.