NewsEast & Horn Africa

Sun,19Nov2017

East & Horn Africa

General Motors plans to sell stake in East African unit to Isuzu

General Motors Co on Tuesday said it plans to sell its majority ownership stake in General Motors East Africa to its Japanese partner Isuzu Motors Ltd, as the U.S. carmaker continues to streamline by exiting non-core operations.

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Uganda's GDP to grow 5.5 pct, boosted by oil, rate cuts

Uganda's economy will grow 5.5% in the year to June 2018, edging up from estimates for the current fiscal year thanks to lower borrowing costs and higher oil sector investments, a budget paper seen by Reuters on Monday showed.

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ARM Cement says to boost its Kenya plant capacity in next 12-14 months

ARM Cement plans to expand grinding capacity at its one million tonne-a-year plant in Kenya by 50% over the next year to meet rising demand, its chief executive said.

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Kenya declares drought a national disaster, seeks help

Kenya declared a national disaster on Friday (February 10) calling for aid to counter drought that is posing a major risk to people, livestock and wildlife.

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Kenyan court says closing Dadaab refugee camp would be unconstitutional

A Kenyan court said on Thursday it would be unconstitutional for the government to close a sprawling refugee camp housing mostly people who have fled unrest in neighbouring Somalia.

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Ethiopian Airlines revenues rise, says US travel ban causing confusion

Ethiopian Airlines' chief executive said on Tuesday that a US order temporarily halting immigration from seven Muslim-majority states was creating confusion for passengers but was not having much impact overall on its operations.

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