NAIROBI, Sept 30 (Reuters) – Demand from the Indian and
Chinese markets supported Kenya’s tea prices in the first eight
months of 2010, powering export earnings 51 percent higher than
last year, the tea board said on Thursday.
Good rains spurred production higher as well, the board
said, adding that the east African producer, which is the
world’s largest exporter of black tea, is on course to attain
full-year production and earnings forecasts.
NAIROBI, Sept 20 (Reuters) – Kenya’s central bank governor
said on Monday that a lack of awareness was hampering growth of
the insurance industry in east Africa’s largest economy, where
only 7 percent of its 39 million people is insured.
Njuguna Ndung’u asked industry executives to find new
solutions to help widen the sector’s consumer base at a meeting
attended by several insurance firms.
NAIROBI (Reuters) – Bharti Airtel has selected IBM to manage the computing technology and services running its newly acquired mobile networks in 16 African countries, the companies said on Friday.
Bharti’s chairman and chief executive, Sunila Mittal, said the value of the 10-year deal will be disclosed when the agreement is finalised in the fourth quarter.
NAIROBI (Reuters) – A global clamour for cuts in emissions, growing investor appetite for energy sector projects and sound government policies could help Africa make strides in green energy generation in the next few years.
Some governments, like Kenya, plan to raise the amount of energy generated from renewable sources like wind and solar, to cut overreliance on expensive sources and stabilize power supplies.
NAIROBI, Sept 14 (Reuters) – Workers at Kenya’s sole power
distributor will go on an indefinite strike from next Monday to
press for better terms, their union said on Tuesday, a move that
could damage East Africa’s biggest economy with blackouts.
The strike will involve the 8,000 employees of Kenya Power
and Lighting Company (KPLC.NR: Quote, Profile, Research, Stock Buzz), who are angered that 5,000 of
them are on casual terms and the firm has been using contractors
for some tasks, a practice the union wants stopped.
NAIROBI, Sept 3 (Reuters) – A new Kenyan alcohol law could
open up East African Breweries (EABL.NR: Quote, Profile, Research, Stock Buzz) to competition, with
micro-brewers springing up to capitalise on the legalisation of
traditional liquors, analysts said.
Controlled by Diageo (DGE.L: Quote, Profile, Research, Stock Buzz), EABL dominates the alcohol
market in east Africa’s biggest economy and its shares are one
of the most traded at the Nairobi Stock Exchange. It posted a 10
percent rise in pretax profit for its year ended June.
NAIROBI (Reuters) – Kenyan marketing company Scangroup plans to use its latest acquisitions to ride a wave of interest from multinationals in Africa and win multi-country contracts.
Part-owned by WPP, the world’s largest advertising group, Scangroup last month won shareholder approval to acquire a 51 percent stake in Ogilvy Africa BV and a 50 percent stake in Ogilvy East Africa, valued at more than 400 million shillings ($5 million).
NAIROBI (Reuters) – Kenya on Sunday defended its decision not to arrest Sudanese President Omar Hassan al-Bashir, who is wanted on genocide charges by the International Criminal Court, when he visited the country this week.
The government did not want to endanger regional stability, the Foreign Ministry said.
On July 7, 1990, fear spread around Kenya. It stretched from the capital, where the opposition had called demonstrations to press for a multi-party system and constitutional changes, right into rural areas.
When a lorry carrying packed milk, under a now long-discarded school-feeding scheme, approached a rural schoolyard during a break, schoolchildren ran into their classrooms because the black stacked crates looked suspiciously like the helmets of armed police.
NAIROBI, Aug 26 (Reuters) – Kenya’s Safaricom (SCOM.NR: Quote, Profile, Research) can
lean on data services like mobile internet and money transfers
to fend off intense pressure from rivals for voice revenues that
has pummelled its shares and will squeeze its margins.
Zain, newly acquired by Bharti (BRTI.BO: Quote, Profile, Research) and Kenya’s
second-biggest provider by number of users, last week lowered
its calling rates by half after the country’s regulator cut the
interconnection rate by a similar rate. [ID:nLDE67I1ME]