NewsEast & Horn Africa

Fri,17Aug2018

East & Horn Africa

Kenya to repeal rate cap, introduce 'Robin Hood' tax

Customers waiting to place their orders at Kentucky fried chicken restaurant at the Nakumat junction in Nairobi, Kenya Aug. 23, 2011. Photo: Khalil Senosi/AP/SIPAKenya's Finance Minister Henry Rotich on Thursday said he would propose repealing a cap on commercial lending rates, as he presented a budget including a new tax on financial transactions.

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War-torn South Sudan issues higher denomination banknotes amid soaring inflation

Sudanese currency sits behind a window at the central bank in Khartoum, Sudan, Sunday July 24, 2011. Photo: Abd Raouf/AP/SIPASouth Sudan's central bank said on Monday it will issue higher denomination banknotes, enabling citizens to carry fewer notes as rampant inflation continues to devalue the local currency.

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Ethiopia loosens throttle on many key sectors, but privatisation still far off

Ethiopia's newly elected prime minister Abiy Ahmed attends a rally during his visit to Ambo in the Oromiya region
Ethiopia's decision to sell stakes in its lucrative telecoms monopoly and other assets could open one of the world's largest untapped markets to huge potential investments by firms willing to work with a government still wary of private enterprise.

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Kenya Airways seeks to run main Nairobi airport to boost earnings

AP photoKenya Airways is close to winning approval to run the country's main airport in Nairobi, looking to copy a model that has enabled rivals to overtake it, its chairman said on Monday.

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Where is Africa’s moral compass?

 

April 7, 2014 file photo, Rwandan President Paul Kagame addresses the public and dignitaries at a ceremony to mark the 20th anniversary of the Rwandan genocide, at Amahoro stadium in Kigali, Rwanda. Photo: Ben Curtis/AP/SIPAEromo Egbejule, The Africa Report's West Africa editor asks where Africa's moral compass lies

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Uganda's telecoms regulator to probe MTN on mobile money policies

People buy MTN accessories on a street in Lagos, Nigeria Thursday, Nov. 5, 2015. Photo: Sunday Alamba/AP/SIPAUganda's telecommunications regulator said on Wednesday it was setting up a committee to investigate the local unit of South Africa's MTN Group after uproar on social media about its mobile money policies.

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