NewsEast & Horn Africa

Tue,28Jun2016

East & Horn Africa

Aviation: Fastjet investors block chairman's removal

Colin Child is to remain as Chairman of Fastjet Plc. Photo©FastjetFastjet Plc investors voted to retain Chairman Colin Child, defeating a move by the African budget carrier's second-largest shareholder to force out a second top executive within three months.

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Kenya's NIC Bank eyes cheaper deposits to boost margins

Kenya's NIC Bank is doubling its branch network to 50 by the end of next year to recruit new customers, particularly in the small business sector, allowing it to cut its deposit costs and boost margins, its chief executive said.

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Naspers freezes African pay-TV prices as customers feel cash crunch

Photo©Sayyid Azim/AP/SIPAAfrica's largest provider of pay-television services Naspers has kept prices on the continent unchanged to halt a decline in subscriber numbers, its chief executive said on Monday.

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Somalia's drone of elections

Al-Shabaab attacks have been on the rise. Photo©MOHAMED ABDIWAHAB/AFPAl-Shabaab remains undefeated as the country prepares for a national poll. The international forces fighting the Somali Islamist rebels of Al-Shabaab are struggling.

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IGAD condemns Somalia hotel attack

Photo©Farah Abdi Warsameh/AP/SIPAThe Inter-governmental Authority on Development (IGAD), an East African regional bloc, has condemned a terrorist attack on a Somalia Hotel on Saturday that killed at least 20 people, including a government minister.

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Ethiopia and Kenya in oil pipeline deal

File photo©Peter Komka/AP/SIPAEthiopia and Kenya have signed a deal to construct a crude oil pipeline to run from Lamu, a coastal town, to Ethiopian capital, Addis Ababa.

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