'Kenya improves access to finance' -IFC
The International Finance Corporation has lauded recent amendments of Kenya’s banking act that would encourage credit reporting as an important step toward stimulating improved access to finance for small enterprises in the country.
Africa worries over slow pace on Doha Round, EPAs talks
Concerned with the erosion of the development dimension in the Doha Round of global trade talks, African trade ministers are due to hold an extraordinary session here Tuesday to underscore their shared interest in a pro-development outcome of the Round.
Ethiopia launches diplomatic offensive
Ethiopia has launched a diplomatic offensive to explain its military intervention in Somalia to African nations
Africa lagging on growth targets: UN
Africa is unlikely to meet millennium goals for poverty reduction by 2015 despite prospects for economic growth of more than 5% this year, UN report says
Kenya prepares to host 12th COMESA summit 17-18 May
Preparations are underway for the 12th summit of the Common Market for Eastern and Southern Africa (COMESA), in the Kenyan capital Nairobi, 17–18 May.
Ethiopian ex-dictator gets life
An Ethiopian court has sentenced the country's former dictator, Mengistu Haile Mariam, currently in exile in Zimbabwe, to life in prison for genocide.
African trade ministers to take position on Doha Round
African trade ministers are due to hold an extraordinary session here next Tuesday to adopt a common stand on the way forward regarding the Doha Round of global trade negotiations under the World Trade Organisation (WTO).
Kenya looks to protect local sugar industry
Kenya is negotiating with fellow Common Market for Eastern and Southern Africa (COMESA) member countries to reduce sugar exports to the nation to protect its domestic industry, Trade and Industry Minister Mukhisa Kituyi said here Tuesday.
Somalia's president in Mogadishu
Somalia's President Abdullahi Yusuf Ahmed has arrived in the capital Mogadishu for the first time since he was elected in 2004
Wireless lifeline keeps Somalia talking
Mogadishu and the whole country remain in touch with the rest of the world thanks to mobile telephony
Kenya inflation rises to 15.6 percent
Higher food and escalating fuel prices shoved inflation rates up to 15.6 percent in December from 14.6 percent the previous month, the Kenyan Central Bureau of Statistics (CBS) said on Tuesday.
Kenya looks toward the skies
The Kenya Airports Authority (KAA) has embarked on major rehabilitation and expansion works on aviation infrastructure at international and domestic airports.
East Africa bloc states to milk each other
The four East African Community (EAC) member countries of Kenya, Uganda, Tanzania and Rwanda have announced plans to harmonise policies and training in their respective dairy industries in a bid to promote integration in the sector.
Ethiopia gets a shot in the arm
The African Development Bank (AfDB) Group has said that it would support the Ethiopian governments’ proposal to upgrade the Jima-Mizan road in the South-Western part of the country with a loan of about $98mn.
Land issues delay titanium mine in Kenya
Canadian mineral exploration firm Tiomin Resources said it has delayed a massive titanium mining operation in Kenya in a dispute with the government over land issues and access to the site.
Ethiopia empowers 100ha industrial zone
Ethiopia has earmarked 100ha of land in Semera for an industrial zone, the works and urban development bureau said.
Floods ensure cheaper power for Kenyans
Kenyans would receive nine months uninterrupted hydroelectric power supply at cheaper rates, thanks to the raging floods that filled the dams, state-run Kenya Electricity Generating Company (Kengen) engineers have said.
Kenyan president gets 186% pay rise
The Kenyan parliament has awarded President Mwai Kibaki a nearly 186 percent salary increase despite objections from the opposition lawmakers.
WB hopes to work with China to develop Africa
The World Bank hoped to work with China to bring development to Africa and other poverty-stricken regions, the World Bank's vice-president for the Asia-Pacific has said.
Ethiopia’s cement shortage gets $130mn injection
An Ethiopian firm has signed a $130mn agreement with a Chinese company to ensure that the East African nation’s demand for cement was met.
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