Bureau Chief, Egypt & Sudan
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Mar 3, 2015

Kenya plan needs oil price rebound-Africa Oil

NAIROBI (Reuters) – Oil prices would probably need to rise to about $75 to $85 a barrel from around $60 currently for Tullow Oil (TLW.L: Quote, Profile, Research, Stock Buzz) and Africa Oil (AOI.TO: Quote, Profile, Research, Stock Buzz) to go ahead with their Kenyan project, the chief executive of Africa Oil said.

CEO Keith Hill told the Reuters Africa Investment Summit he was confident that crude prices would recover to around those levels long before a final investment decision, due by the end of 2016, is made.

Feb 27, 2015

Rwanda bourse chief sees at least two public share offerings in 2015

By Edmund Blair

NAIROBI(Reuters) – Rwanda’s stock exchange expects to have at least two initial public offerings (IPOs) by local companies before the end of the year, the chief executive of the bourse said.

The main bourse has two local stocks, Bank of Kigali BOK.RW and brewer Bralirwa BLR.RW, and four regional cross-listings. The smaller companies market is still awaiting its launch listing.

Feb 17, 2015

Regional airlines merge as Somali airspace draws competition

NAIROBI, Feb 17 (Reuters) – Regional carriers Daallo
Airlines and Jubba Airways profited independently for years in
one of the world’s toughest markets, competing on routes to
war-torn Somalia that most avoided.

Yet as the guns fall silent, the rivals face a new battle
that has pushed them to merge: competition from big
international carriers such as Turkish Airlines, Ethiopian
Airlines and flydubai, muscling into Somali airspace.

Feb 8, 2015

Insight – Ethiopia bets on grand projects in drive for industrial power

ADDIS ABABA (Reuters) – Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia’s industrial rise.

Brought to its knees by “Red Terror” communist purges in the 1970s and famine in the 1980s, Ethiopia has been transformed in the last quarter century, becoming one of Africa’s fastest-growing economies.

Feb 8, 2015

Ethiopia bets on grand projects in drive for industrial power

ADDIS ABABA (Reuters) – Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia’s industrial rise.

Brought to its knees by “Red Terror” communist purges in the 1970s and famine in the 1980s, Ethiopia has been transformed in the last quarter century, becoming one of Africa’s fastest-growing economies.

Feb 4, 2015

Ethiopia launches mobile money schemes to extend banking reach

ADDIS ABABA, Feb 4 (Reuters) – Ethiopian banks and
microfinance firms are launching mobile money services, helping
reach swathes of the population that now have little access to
branches or services, the mobile technology providers and banks
said.

The launch of the services, which allow customers to make
payments or receive money via a mobile that is linked to a bank
account, mirrors technology used in other African nations that
has drawn millions of people into the financial system.

Jan 29, 2015

March meeting to plan rebuilding of Ebola-hit states

NAIROBI (Reuters) – Governments and international organisations plan to meet in March to work out how to rebuild three West African nations whose economies have been shattered by Ebola, a U.N. envoy said on Thursday.

The number of newly detected cases of Ebola virus infection has been dropping sharply in Sierra Leone, Guinea and Liberia in recent weeks. But the three countries are still reeling from the impact of the outbreak.

Jan 22, 2015

South Africa’s Standard Bank to open rep office in Ethiopia

NAIROBI, Jan 22 (Reuters) – South Africa’s Standard Bank
aims to open a representative office in Ethiopia by
the end of March, joining others eyeing a fast growing African
economy although foreigners are barred from offering commercial
banking services there.

The office will provide a foothold for the South African
bank to build relationships with local businesses and develop
market intelligence to help advise clients interested in
investing in Africa’s second most populous country.

Jan 13, 2015

Egypt minister says pardon still possible for Al Jazeera journalists

NAIROBI, Jan 13 (Reuters) – Egypt’s President Abdel Fattah
al-Sisi could still pardon three jailed Al Jazeera journalists
who are now facing a retrial if he deems it appropriate, the
country’s foreign minister said on Tuesday.

Canadian-Egyptian Mohamed Fahmy, Egyptian Baher Mohamed and
Australian Peter Greste were sentenced last June to seven to 10
years for spreading lies to help a “terrorist organisation” – a
reference to Egypt’s outlawed Muslim Brotherhood.

Dec 8, 2014

Insight – Kenya needs to win war of ideas to stop Islamist advance

MOMBASA/NAIROBI (Reuters) – Kenya must win a battle against militant ideology that is seeping in from its northern neighbour and spreading to Muslim youths at home if it is to stop Somali Islamists extending their reach in east Africa.

After two attacks in 10 days by Somalia’s al Shabaab group that killed more than 60 people, President Uhuru Kenyatta vowed to step up his “war on terror” to halt raids across the porous border and stop any dream of making an Islamic Caliphate.

    • About Edmund

      "Responsible for Reuters coverage from Egypt and Sudan, and overseeing operations of the Cairo-based Reuters Arabic language service. Previously was Bureau Chief, Iran. Have worked throughout the Middle East for most of the past 15 years, including covering the Iraq war and Palestinian-Israeli conflict. Have also covered financial and energy affairs, holding positions that inlude equities reporter in London."
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