NewsEast & Horn Africa

Thu,19Jul2018

East & Horn Africa

Kenya asks IMF for a 6-month extension of $1.5bn standby credit

Alex Brandon/AP/SIPAKenya has asked the International Monetary Fund (IMF) to extend its $1.5 billion standby credit facility that expires in March for a further six months, the IMF said.

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Kenya Airways looks upmarket for financial salvation

KAREL PRINSLOO/AP/SIPAWhen Sebastian Mikosz took over as CEO of loss-making Kenya Airways last June, he immediately shut its outlet in Nairobi's downmarket Accra Road, which served thousands of small traders who fly to the Far East to buy cheap goods in bulk.

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Kenya's matatus: rebels on the road

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Pimped to the max with bold graphics and outrageous accessories, Nairobi’s ‘flash matatus’ are the irrepressible, exuberant bad boys of Kenyan public transport

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Africa's top 500 companies: the high flyers and long haulers

 

altThe downturn in commodity prices did not have a big impact on most of Africa's giants in the transportation sector

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Shoprite Holdings ramps up Africa expansion with Kenya entry

A security guard patrols outside Westgate Shopping Malln the capital Nairobi, Kenya, July 18, 2015. Photo: Ben Curtis/AP/SIPASouth African Shoprite Holdings will move into Kenya, where weakened competitor positions have opened an opportunity for Africa's biggest grocer to expand its presence in East Africa, its chief executive Pieter Engelbrecht said on Tuesday.

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'No one has come to help me': The unheard anger in Kenya's slums

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While politicians play out high-level chess moves Nairobi’s poor struggle  to heal the wounds of 2007 and 2017 election violence. Amid police crackdowns, a stifled media and a judiciary who ignores them, where will the rage find its outlet? 

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