Alphabet's Loon said its balloon-powered internet service will initially cover 50,000 square kilometers in western and central parts of Kenya. It aims to take a fleet of 35 balloons to the skies above eastern Africa "in the coming weeks." The news represents a significant milestone after years of publicity about the Alphabet-owned venture.
LAGOS, June 20- The Nigerian naira is seen trading broadly stable amid tepid offshore demand for Nigerian assets, while the Kenyan shilling could weaken on healthy dollar appetite from oil importers. NIGERIA The naira is seen broadly stable next week against the dollar, with offshore investors staying on the sidelines despite the U.S. Traders said volumes of...
NAIROBI, June 20- Kenya has cut its target for expanding its electricity output by 2030 by nearly 30% as demand is growing more slowly than expected, its energy minister was quoted as saying. Kenya had installed generation capacity of 2,712 MW as at end 2018.. The Energy Ministry said in December that 75 percent of Kenya's population had access to electricity, up...
NAIROBI, June 18- A Kenyan parliamentary committee on Tuesday recommended nationalizing Kenya Airways as part of an effort to turn around the loss-making airline. The transport, public works and housing committee also proposed setting up of an aviation holding company with four subsidiaries, one of which would run Kenya Airways, which is 48.9% owned by the...