NAIROBI, April 15 (Reuters) – Somalia’s finance minister has
his eye on conferences in Washington, London and beyond in the
next six months to shore up international support for a slow
recovery whose fragility was exposed by this weekend’s suicide
bombings in Mogadishu.
Mohamud Hassan Suleiman can count on a wave of goodwill on
his travels but needs more than diplomatic backing to steady a
nation emerging from two decades of war and anarchy with debts
of $2.2 billion and state revenues of just $84 million a year.
MOGADISHU, April 11 (Reuters) – Ending Somali piracy
requires a shift from reliance on security at sea to targeting
those on land who enable the lucrative business to thrive,
according to the World Bank.
Although the number of attacks has markedly fallen since
2011 thanks to tougher security aboard ships and increased
Western naval patrols, piracy emanating from the lawless Horn of
Africa nation may still cost the world economy about $18 billion
a year, the bank said in a report released on Thursday.
NAIROBI (Reuters) – Kenyan President Uhuru Kenyatta took his oath of office on Tuesday, presenting Western states with a challenge of how to deal with a leader indicted by the International Criminal Court.
After a calm election that followed a bloodbath five years ago, many Kenyans hope Kenyatta will deliver on his promise to be a president for all and not just work for his own ethnic group, a practice they have come to expect from politicians.
NAIROBI (Reuters) – Kenyans packed a stadium to witness the swearing in of Uhuru Kenyatta as president on Tuesday after a peaceful election that has left Western nations with the challenge of how to deal with a leader indicted by the International Criminal Court.
Many Kenyans hope the son of the nation’s independence hero will live up to his pledge to be a leader for all and not just work for people from his own ethnic group, a practice they have come to expect from their politicians.
NAIROBI (Reuters) – Kenya swears in Uhuru Kenyatta as president on Tuesday after an election that avoided the bloodshed of five years ago, but left Western nations with the challenge of how to deal with a leader indicted by the International Criminal Court.
Western states regard Kenya as crucial to regional stability and have supported the role played by Kenyan and other African troops in efforts to push back al Qaeda-affiliated Islamist militants in neighboring Somalia.
NAIROBI (Reuters) – An intensive drilling campaign with partners this year should bring Africa Oil Corp (AOI.V: Quote, Profile, Research, Stock Buzz) much closer to confirming that Kenya has commercial quantities of oil, it said on Monday.
Chief Executive Keith Hill, whose Canadian-listed firm has interests in its 12 blocks covering 250,000 sq km in the region, told Reuters about $468 million would be spent in 2013 to drill at least 10 wells in Kenya and other locations in east Africa.
NAIROBI, April 5 (Reuters) – Kenya-based private equity firm
Catalyst Principal Partners has an eye on demand from East
Africa’s growing middle class as it starts to make investments
from a broad $125 million fund and from a partnership dedicated
to real estate.
Mauritius-registered Catalyst, which in November finished
raising cash for its first closed-end fund, sees opportunities
in a region of about 200 million people, where consumer demand
is rising and a big boost from recent oil and gas discoveries is
expected for the future.
NAIROBI (Reuters) – The United States and several other European nations are expecting to send ambassadors to attend the swearing in next week of Uhuru Kenyatta, Kenya’s president-elect who is indicted for crimes against humanity at The Hague.
Western diplomats said this level of attendance was in line with their policy of having only “essential contacts” with indictees of the International Criminal Court. A European Union official also said EU envoys were seeking to meet Kenyatta.
NAIROBI/KISUMU, Kenya (Reuters) – Kenyan police clashed on Sunday with a few dozen protesters angry at a court’s confirmation of Uhuru Kenyatta as president-elect, but the unrest was minor compared with the nationwide bloodshed after the last disputed election.
There was little sign of violence beyond Kisumu, a city in the west of Kenya where there is strong backing for Prime Minister Raila Odinga, loser in the presidential election. Kisumu and other regions were devastated by deadly riots after the vote in 2007.
NAIROBI (Reuters) – Kenya’s Supreme Court ruled on Saturday Uhuru Kenyatta was elected president fairly, unanimously rejecting a challenge from defeated candidate Raila Odinga that the vote was marred by rigging and technical problems.
The decision cleared the way for Kenya’s richest man to take the top job in east Africa’s biggest economy, but left foreign powers with the headache of dealing with a leader charged with crimes against humanity at The Hague.