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Business Kenya

  • Facebook founder and chief Mark Zuckerberg (C) speaks to German Chief of Staff Peter Altmaier (R) at the so-called 'Facebook Innovation Hub' in Berlin on February 25, 2016.

    Some of the biggest companies in the world are finding they need to play by an entirely new set of rules on the once-anarchic internet.

  • NAIROBI, Sept 12- When Turkish Airlines opened a direct daily route to a war-ravaged African failed state plagued by Islamist militants, industry insiders were skeptical. "Somalia is one of our most profitable destinations worldwide," Mustafa Ozkahraman, Kenya country manager for Turkish Airlines, told Reuters in an interview. The Istanbul- based carrier is...

  • *To scout for an investor in Silicon Valley in H1. *Aims to be the top ride-hailing app for Africa. NAIROBI, Sept 8- Kenyan taxi-hailing firm, Little, which has a partnership with telecoms operator Safaricom, plans to scout for an investor in Silicon Valley next year to help it expand across Africa, its chief executive said.

  • This photo taken on October 29, 2010 shows a man running past wind turbines in the early morning mist in the Ngong hills, some 25 kms south-west of Nairobi.

    In Africa, efforts to generate wind energy on a grand scale are underway.

  • DAR ES SALAAM, Sept 7- Tanzanian President John Magufuli has ordered a review of a Petra Diamonds Ltd contract and asked senior public officials to resign over the outcome of an investigation into the mining sector, he said on Thursday. The company's shares fell as much as 3.5 percent, but had trimmed losses to trade down 1 percent at 90 pence by 1516 GMT.

  • DAR ES SALAAM, Sept 7- Tanzanian President John Magufuli has ordered a review of a Petra Diamonds Ltd contract and asked senior public officials to resign over the outcome of a probe into the mining sector, he said on Thursday. The company's shares fell as much as 3.5 percent, but had trimmed losses to trade down 0.9 percent at 90 pence by 1240 GMT.

  • NAIROBI, Sept 2- Kenya's president Uhuru Kenyatta said on Saturday the country has "a problem" with its judiciary that must be fixed, a day after the Supreme Court annulled his election win last month and ordered a new poll within 60 days. We have a problem and we must fix it, "he said, speaking on live television at State House in Nairobi after he met with governor and...

  • NAIROBI, Sept 2- Kenya's president Uhuru Kenyatta said on Saturday the country has "a problem" with its judiciary that must be fixed, a day after the Supreme Court annulled his election win last month and ordered a new poll within 60 days. We have a problem and we must fix it, "he said, speaking on live television at State House in Nairobi after he met with governor and...

  • NAIROBI/ LONDON, Sept 1- Kenya's shares and dollar bonds plummeted on Friday and its currency fell after the countrys Supreme Court declared President Uhuru Kenyatta's election victory invalid. In London one Africa economist, John Ashbourne at Capital Economics, cited the risk of a violent reaction. President Uhuru Kenyatta said he disagreed with a Supreme...

  • Kenya's President Uhuru Kenyatta following the election results on August 11

    The Supreme Court of Kenya has overturned the result of the recent presidential election, meaning the contest will have to be re-run.

  • NAIROBI/ LONDON, Sept 1- Kenya's shares and dollar bonds plummeted on Friday while its shilling currency fell after the countrys Supreme Court declared President Uhuru Kenyattas election win invalid. In Nairobi, stocks fell sharply before recovering some ground, and trading in the shilling followed a similar pattern. In London one Africa economist, John...

  • KIGALI, Aug 28- Rwanda's Bank of Kigali plans to raise $60 million- $100 million by next year to expand its business and could list shares on an overseas bourse as part of the plan, its chief executive officer said. Diane Karusisi told Reuters that Rwanda's biggest bank was considering a listing on the Johannesburg, Nairobi or London stock exchanges.

  • NAIROBI, Aug 14- Kenyans largely ignored an opposition call to strike on Monday, opening shops and returning to work as they shrugged off demands for demonstrations against President Uhuru Kenyatta's re-election and against the killing of protesters. Vehicular traffic returned to the streets of the capital, Nairobi, and the western town of Kisumu after days...

  • KISUMU/ NAIROBI Kenya, Aug 14- Six-month-old Samantha Pendo was sleeping with her mother when police in the city of Kisumu in western Kenya forced the wooden door open a crack, fired in teargas and battered the choking baby and her parents with batons, her parents said. On Friday, the election board announced President Uhuru Kenyatta won a second term by 1.4 million...

  • KISUMU/ NAIROBI Kenya, Aug 14- Six-month-old Samantha Pendo was sleeping with her mother when police in the city of Kisumu in western Kenya forced the wooden door open a crack, fired in teargas and battered the choking baby and her parents with batons, her parents said. On Friday, the election board announced President Uhuru Kenyatta won a second term by 1.4 million...

  • NAIROBI, Aug 14- Kenyans largely ignored an opposition call to go on strike on Monday, re-opening shops and returning to work as they shrugged off demands for demonstrations against President Uhuru Kenyatta's re-election and against the killing of protesters. Cars, buses and motorcycles returned to the streets of the capital, Nairobi, and the western town of...

  • NAIROBI, Aug 14- Kenya's main stock index rose 2.51 percent on Monday to a 14- month high, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta. At least 24 people have been killed in pockets of protests against the outcome of the vote, mainly in two Nairobi slums. Aly Khan Satchu, an independent trader and analyst in Nairobi,...

  • NAIROBI, Aug 14- Kenyans largely ignored an opposition call to go on strike on Monday, re-opening shops and returning to work as they shrugged off demands for demonstrations against President Uhuru Kenyatta's re-election and against the killing of protesters. Cars, buses and motorcycles returned to the streets of the capital, Nairobi, and the western town of...

  • NAIROBI, Aug 14- Kenya's main stock index, the NSE-20, was up 3 percent midway through Monday's session, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta, traders said. At least 24 people have been killed in pockets of protests against the outcome of the vote, mainly in two Nairobi slums. Aly Khan Satchu, an independent...

  • *EU, African Union urge the opposition to respect results. NAIROBI, Aug 13- Kenyan opposition leader Raila Odinga called on Sunday for a strike to support his claim to the presidency and accused the ruling party of "spilling the blood of innocent people" as he brushed off growing pressure to concede election defeat. But Odinga's NASA coalition says the whole vote...