NewsEast & Horn Africa

Fri,24Nov2017

East & Horn Africa

Kenya to convert $243 mln debt in Kenya Airways into equity

Two men walk next to the ocean on Lamu Island, a popular tourist destination off the coast of Kenya. Photo: Ben Curtis/AP/SIPAKenya will convert its $243 million in loans to Kenya Airways into equity, the government has said, as part of a broader restructuring to nurse the ailing airline back to financial health.

Read more...

Kenya Airways says recovery on course as losses reduce

An Air France plane taxies past an Alitalia plane at Roissy-Charles de Gaulle airport, Sept. 9, 2008. Photo: JACQUES BRINON/AP/SIPAKenya Airways Ltd reported a reduction in pretax losses and a return to profit at the operating level on Thursday, after carrying a record number of passengers in the past year, and said it expected a financial restructuring would be completed shortly.

Read more...

Kenya's Equity closes bank branches in war-torn South Sudan

In this 2016 photo, a UN armored personnel carrier stands in a camp for the internally-displaced in Juba, South Sudan. Photo: Jason Patinkin/AP/SIPAKenya's Equity Bank Group has closed more than half of its branches in war-ravaged South Sudan because of a mix of hyperinflation, a battered local currency and an economic slowdown, its chief executive officer said.

Read more...

Kenyan medics say U.S. health aid cuts will mean more abortions

23052017KenyaPresident Donald Trump's dramatic expansion of a policy blocking U.S. aid to organizations offering abortion services will have one sure result, say medical workers in this city: more abortions.

Read more...

Ethiopia: Regional powerhouse

rsz 1ethiopiapowerhouse

Ethiopia is looking to sell electricity to fund its own ambitious infrastructure projects. Fortunately, its  neighbours are queuing up to buy its megawatts

Read more...

Kenya Airways' budget carrier plans international flights

22052017KenyaKenyan budget carrier Jambojet expects government approval this month to start flying to destinations outside the country, and will lease more planes to start the flights in the next two years, its chief executive said on Monday.

Read more...

Page 5 of 452

Subscriptions Digital EditionSubscriptions PrintEdition

FRONTLINE

NEWS

POLITICS

HEALTH

SPORTS

BUSINESS

SOCIETY

TECHNOLOGY

COLUMNISTS

Music & Film

SOAPBOX

Newsletters

Keep up to date with the latest from our network :

subscribe2

Connect with us