NewsEast & Horn Africa

Mon,23Apr2018

East & Horn Africa

'Chill', Kenya central bank tells shilling speculators as election nears

Jubilee Presidential candidate Uhuru Kenyatta, left, with his running mate William Ruto in Nairobi Kenya,May 29, 2017. Photo: Sayyid Abdul Azim/AP/SIPASpeculators against Kenya's shilling in the run-up to national elections should "chill", and a fall in its foreign exchange reserves is no cause for alarm, the head of its central bank said on Tuesday.

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Kenya to add value to gems and precious metals

A miner carrying rocks containing Tsavorite as mine owner Campbell Richard, left, looks on, Kenya, April 6, 2006. Photo:RODRIQUE NGOWI/AP/SIPAKenyan traders in gems and precious metals will begin exporting finished products after the government said it has put up a value addition center in the south of the country.

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World Bank approves $345 million loan for Tanzania port expansion

 Dar es Salaam port can be seen with the St. Joseph's cathedral in the foreground ,Tuesday, May, 2006. Photo: KHALFAN SAID/AP/SIPAThe World Bank said on Sunday it had approved a $345 million loan for the expansion of a port in Tanzania's commercial capital Dar es Salaam, which the East African country aims to turn into a regional gateway.

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Tanzania laws would allow govt to tear up mining, energy deals

Tanzanian miner Bakari Ngalenya climbs out of a tanzanite mining pit in northern Tanzania on Dec. 15, 2001. Photo: GEORGE MWANGI/AP/SIPAThe 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.

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South Sudan no longer classified as in famine - U.N.-backed report

A woman walk back to her home after receiving food distributed by ICRC in South Sudan, April 11, 2017. Photo: Stringer/AP/SIPASouth Sudan is no longer classified as being in famine, although 45,000 people in country's Jonglei and Unity states are expected to remain in famine-like conditions and the situation is still critical, a U.N.-backed food security report said on Wednesday (June 21).

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UK donates £90 million for humanitarian support to save lives in Ethiopia and Somalia

Somalis displaced by the drought arrive at makeshift camps on the outskirts of Mogadishu, Somalia, March 2017. Photo: Farah Abdi Warsameh/AP/SIPAUnited Kingdom International Development Secretary Priti Patel has called for a new concerted global push to prevent millions of people losing their lives across East Africa to the threat of starvation and disease.

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