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Business Kenya

  • *EU and African Union urge opposition to respect results. NAIROBI, Aug 13- Kenyan opposition leader Raila Odinga on Sunday called for a strike to support his claim to the presidency and accused the ruling party of "spilling the blood of innocent people", despite growing pressure on him to concede election defeat. The election commission on Friday declared...

  • NAIROBI, Aug 13- Kenya was largely quiet on Sunday following violence in the aftermath of elections, as opposition leader Raila Odinga came under growing international pressure to concede defeat. The election commission on Friday declared incumbent Uhuru Kenyatta winner of the presidential poll by 1.4 million votes. Regional trade was paralysed and...

  • *At least 11 dead in Nairobi and Kisumu. NAIROBI/ KISUMU, Kenya, Aug 12- Kenyan police have killed at least 11 people in a crackdown on protests as anger at the re-election of President Uhuru Kenyatta erupted in the western city of Kisumu and slums surrounding the capital, officials and witnesses said on Saturday. However, the NASA opposition coalition, led by...

  • NAIROBI/ KISUMU, Kenya, Aug 11- Kenya's President Uhuru Kenyatta secured a second term in office, results showed on Friday, setting off wild street celebrations by his supporters and protests in opposition strongholds in the capital and the west of the country. Kenyatta got 54.3 percent of the vote, ahead of rival Raila Odinga who secured 44.7 percent, according to...

  • *Kenyatta declared winner, urges peace. NAIROBI/ KISUMU, Kenya, Aug 11- Kenya's President Uhuru Kenyatta secured a second term in office, the election commission announced on Friday, but the opposition rejected the result saying the process was undermined by fraud. Kenyatta got 54.3 percent of Tuesday's vote, ahead of rival Raila Odinga who secured 44.7 percent,...

  • NAIROBI/ KISUMU, Kenya, Aug 11- Kenya's opposition said on Friday it would "not be a party" to any imminent announcement of results of the presidential vote by the election commission and rejected the idea of taking its challenge to court. Provisional results from polling stations show President Uhuru Kenyatta with a lead of 1.4 million votes ahead of Raila Odinga...

  • This is Alesi, the skull of the new extinct ape species Nyanzapithecus alesi (KNM-NP 59050).

    A group of scientists have found what may be the most intact fossilized primate skull ever discovered.

  • Kenyans vote at a polling station at Olympic Primary School in Kibera.

    Kenyans on Tuesday voted in large numbers an election that pits President Uhuru Kenyatta against challenger Raila Odinga.

  • NEW YORK, July 7- While top scientists may be deploying their brainpower on critical projects such as climate change research and conservation, they often entered the workforce in far more modest ways. Jane Goodall Founder, Jane Goodall Institute; UN Messenger of Peace First job: Secretary "When I left school, we had no money for university, but just enough for a...

  • DAR ES SALAAM, June 29- The Tanzanian government submitted three bills to parliament on Thursday that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed foreign investors. It was not immediately clear how the proposed renegotiation of contracts would affect a planned $30...

  • Soybeans are loaded onto a truck after being harvested at the Sitio Azulao farm, near Itapetininga, Brazil.

    Global food security depends on trade in four staple crops whose output is concentrated in a handful of exporting nations, Financial Times reports.

  • Ghana-based media startup OMG Digital previously participated in a Y Combinator accelator program, Tech Crunch reports.

  • Nairobi, Kenya skyline

    Mark Zuckerberg is one of the Silicon Valley leaders who have invested in the continents tech ecosystem.

  • *Taxify takes on Uber in Europe, Africa; joining other up-starts globally. *Taxify will soon test model in London, biggest European market. Estonia upstart Taxify is hoping to win over drivers and take on Uber Technologies Inc, the industry leader, by offering a larger share of the profit.

  • *Barrick, Tanzania teams set up to resolve export ban. Tanzania is Africa's fourth-largest gold producer, and Acacia its largest miner, with three gold mines that also produce copper in the East African country. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the...

  • *Barrick, Tanzania teams set up to resolve export ban. DAR ES SALAAM/ NAIROBI, June 14- Barrick Gold Corp subsidiary Acacia Mining PLC and Tanzania agreed on Wednesday to hold talks aimed at resolving an escalating dispute over an export ban, after a meeting between Barrick's chairman and the country's president. Acacia's valuation has nearly been halved, to some...

  • *Acacia, Tanzania teams set up to resolve export ban. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the construction of a local smelter to make the country's gold exports more valuable. "The company is ready to hold talks with the government of Tanzania over the payment...

  • NAIROBI, June 6- Kenya will offer $750 million in guarantees to Kenya Airways' existing creditors to help the heavily-indebted carrier secure financing from other sources to complete its recovery, a cabinet document showed on Tuesday. Several international firms have set up their regional headquarters in Nairobi to take advantage of Kenya Airways'...

  • Aside from South Africa and Nigeria, governments have not yet done enough to develop capital markets that would have allowed them to raise more money in their own currencies, investors say. United Nations trade body UNCTAD estimates that Africa's external debt stock rapidly grew to $443 billion by 2013 through bilateral borrowing, syndicated loans and bonds.

  • Aside from South Africa and Nigeria, governments have not yet done enough to develop capital markets that would have allowed them to raise more money in their own currencies, investors say. United Nations trade body UNCTAD estimates that Africa's external debt stock rapidly grew to $443 billion by 2013 through bilateral borrowing, syndicated loans and bonds.