NewsEast & Horn Africa

Wed,22Nov2017

East & Horn Africa

Nasa prepares for lift-off

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The architect of Kenya’s new opposition coalition, Musalia Mudavadi, is confident about his alliance. However, the road to August’s national elections looks arduous

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Kenya's central bank seeks bidders for stake in Chase Bank

Kenya's central bank on Thursday invited investors interested in buying a stake in Chase Bank to submit their bids, with the aim of concluding the transaction by the end of September.

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Kenya's poll boss: 'There’s been an element of mistrust'

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The new chairman of Kenya’s Independent Electoral and Boundaries Commission (IEBC), Wafula Chebukati, has yet to win the confidence of all the country’s main political players for the IEBC ahead of August elections.

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Kenya launches phone-based bonds, tapping pool of small investors

Kenya began selling its first mobile-phone-based government bond on Thursday, part of an ambitious plan to broaden the pool of investors in government securities.

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Uganda says seeking $500 million loan from China for roads in oil area

Uganda says it has asked China for a $500 million loan to help build almost 600 km (360 miles) of roads in the country's oil-rich west, amid criticism over heavy borrowing that has ballooned the country's debt.

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South Sudan government to blame for famine, still buying arms - U.N. report

South Sudan's government is mainly to blame for famine in parts of the war-torn country, yet President Salva Kiir is still boosting his forces using millions of dollars from oil sales, according to a confidential United Nations report.

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