Duncan's Feed
Sep 23, 2013

Militants hold out as Kenya forces try to crush cross-border jihad

NAIROBI, Sept 24 (Reuters) – Islamist fighters from
Somalia’s al Shabaab held out at a Nairobi shopping centre after
killing at least 62 people, surrounded by Kenyan forces trying
to crush their group’s cross-border jihad.

President Barack Obama offered U.S. support as the raid went
into its fourth day, saying he believed Kenya – the scene of one
of al Qaeda’s first major attacks and a neighbour of chaotic
Somalia – would continue to be a regional pillar of stability.

Sep 23, 2013

Gunfire heard at Kenyan mall under siege after 68 killed by Islamists

NAIROBI, Sept 23 (Reuters) – Heavy and sustained gunfire was
heard at the Nairobi shopping mall where at least 68 people were
killed by a Somali Islamist group, a Reuters witness reported on
Monday, suggesting an assault by Kenyan security forces.

As the siege entered its third day, a Reuters witness at the
scene heard heavy and sustained gunfire for about five minutes.
The blast of gunfire was followed by a lull, and then a series
of small, sporadic explosions occurred.

Sep 22, 2013

Islamist gunmen hold hostages in Kenya siege after 68 killed

NAIROBI, Sept 23 (Reuters) – Kenya said its security forces
were in control of most of the Nairobi shopping mall where at
least 68 people were killed by Somali al Shabaab Islamists, but
gunmen still appeared to be holding hostages as the siege
entered its third day on Monday.

Referring to an operation under way since early on Sunday,
following the storming of the upmarket Westgate mall at
lunchtime the previous day, a military spokesman said most of
those who had been in the complex were now free.

Sep 22, 2013

Al Qaeda-linked Islamists hold hostages at Kenya mall after killing 39

NAIROBI, Sept 22 (Reuters) – Kenyan security forces were
locked in a standoff on Sunday with gunmen who killed at least
39 people in an assault at an upmarket shopping mall in Nairobi,
where the al Qaeda-linked militants were holding an unknown
number of hostages.

The Somali Islamist group al Shabaab claimed responsibility
for Saturday’s attack on the Kenyan capital’s Westgate mall,
which is frequented by Westerners as well as Kenyans. Several
foreigners, including a Canadian diplomat, were among the dead.

Sep 22, 2013

Stand-off at Kenyan mall after Islamists kill 39 in ‘terrorist’ attack

NAIROBI, Sept 22 (Reuters) – Kenyan security forces were
locked in a stand-off on Sunday with gunmen who killed at least
39 people at an upmarket shopping mall in the Kenyan capital,
and it was still unclear how many hostages the al Qaeda-linked
militants were holding.

The Somali Islamist group al Shabaab claimed responsibility
for Saturday’s assault on Nairobi’s Westgate mall, which is
frequented by Westerners as well as Kenyans.

Sep 18, 2013

Kenya secures funds for $650 million airport expansion

NAIROBI, Sept 18 (Reuters) – Kenya’s airport authority has
received full funding offers from three banks to build a new
terminal and second runway at its main airport, hit by a massive
fire last month, that will cost $653 million, the transport
minister said on Wednesday.

The plans to expand the ageing airport, a regional gateway
for passengers and cargo, are not new but the authorities have
come under pressure to speed up the expansion after the blaze
destroyed the arrivals terminal.

Sep 18, 2013

Kenya aims to host Africa’s first yuan clearing house

NAIROBI, Sept 18 (Reuters) – Kenya wants to host a clearing
house for China’s yuan currency – a bold African first that
would deepen the continent’s ties with Beijing, already a big
investor from The Cape to Cairo.

Such a venture would not eclipse the dollar in Africa
anytime soon, however, because the yuan is tightly managed and
traders are wedded to the greenback’s flexibility.

Aug 23, 2013

East African Breweries profit hurt by rising costs

NAIROBI, Aug 23 (Reuters) – Full-year pretax profit at East
African Breweries fell by more than a quarter as
expected due to a one-off item and soft demand in markets such
as Uganda and Tanzania.

The brewer, controlled by Britain’s Diageo Plc, on
Friday posted profit for the year to the end of June of 11.11
billion shillings ($126.90 million) on revenue up 6 percent to
59.06 billion shillings.

Aug 16, 2013

London, New York, Hong Kong and … Nairobi?

NAIROBI, Aug 16 (Reuters) – When Kenyan infrastructure firm
TransCentury wanted to issue a $75 million corporate
bond, it was forced to look to the Indian Ocean island of
Mauritius, Africa’s leading offshore financial centre some 3,000
km (1,900 miles) away.

Kenya is already a growing gateway for foreign investment
into East Africa and now has ambitions to become an
international banking and financial hub in its own right.

Jul 29, 2013

Kenya’s Equity Bank cashing in on Chinese arrivals

NAIROBI, July 29 (Reuters) – Kenya’s Equity Bank
has scored 2 billion shillings in new deposits in less than six
months from a specialised branch in Nairobi to support local
Chinese business, helping boost its half-year results, the
company said on Monday.

The boost from the branch, benefitting from China’s push for
more influence across Africa, helped drive a 17 percent rise in
first half pretax profit for Kenya’s biggest bank by number of
accounts to 9 billion shillings ($103 million).