Matthew's Feed
Oct 17, 2013

Fitch downgrades Ghana’s credit rating on spending worries

ACCRA, Oct 17 (Reuters) – Fitch ratings agency downgraded
Ghana’s sovereign rating on Thursday saying the government of
the gold, cocoa and oil producing country wasn’t keeping tight
enough control of its spending.

Ghana is considered one of Africa’s brightest economic
prospects with a stable democracy and an economy expected to
keep growing at 8 percent in 2013.

Sep 29, 2013

Kenya raps U.S. over ‘unfriendly’ travel warning after attack

NAIROBI (Reuters) – Kenya rebuked the United States on Sunday for warning its citizens over travel to the east African country after the September 21 Nairobi mall attack, calling the alert “unfriendly” and asking Washington to lift it.

Interior Minister Joseph Ole Lenku delivered the diplomatic slap when he updated reporters on a government investigation into the assault carried out eight days ago by Islamist militants on the crowded upmarket Westgate centre.

Sep 28, 2013

Kenya says ‘at war’ with al Shabaab, faces security questions

NAIROBI (Reuters) – Kenya is “at war” with Islamist militants who attacked a Nairobi shopping mall, the government said on Saturday as it faced questions about whether it had received advance intelligence warnings of the deadly strike.

A week after the raid on the Westgate shopping centre that killed 67 civilians and police and was claimed by the Somali militant group al Shabaab, the government has been trying to reassure Kenyans that it can protect them from further attacks.

Sep 27, 2013

Eight held over Nairobi mall attack, al Shabaab issues new threat

NAIROBI (Reuters) – Kenyan authorities are holding eight people in connection with an attack by Islamist militants on a Nairobi shopping mall and have released three others after the assault that killed 67 civilians and soldiers, the interior minister said on Friday.

Somali Islamist group al Shabaab said Saturday’s attack, which ended after a four-day siege by soldiers and police, was “just the premiere of Act 1″ and suggested it would be followed by other actions by its “warriors”.

Sep 26, 2013

Kenya widens mall attack probe, alert for UK “White Widow”

NAIROBI, Sept 26 (Reuters) – Interpol issued a wanted
persons alert at Kenya’s request on Thursday for a British woman
who has been cited by British police as a possible suspect in
the attack on a Nairobi shopping mall that killed at least 72
people.

The alert was issued as Kenyan police broadened the
investigation into the weekend raid by the al Qaeda-aligned
Somali al Shabaab group, the worst such assault since the U.S.
Embassy was bombed in the capital by al Qaeda in 1998.

Sep 26, 2013

Kenyan police widen search for mall attackers

NAIROBI/MOMBASA, Kenya, Sept 26 (Reuters) – Police were
tracking four suspected militants in Kenya’s coastal tourist
region on Thursday, broadening the investigation into a weekend
attack on a Nairobi shopping mall that killed at least 72
people.

In Nairobi, experts from U.S., British, Israeli and other
agencies have joined Kenyan officers investigating the Westgate
mall where militants from the al Qaeda-aligned Somali group al
Shabaab launched a well-planned assault on Saturday.

Sep 25, 2013

Kenyan police search mall wreckage after militant attack

NAIROBI (Reuters) – Bomb disposal experts and investigators searched through the wreckage of a Kenyan shopping mall on Wednesday after a four-day attack by Islamist militants that killed at least 72 people.

President Uhuru Kenyatta declared three days of mourning after troops defeated the al Qaeda-linked al Shabaab group that targeted the upscale shopping center popular with prosperous Kenyans and foreigners.

Sep 23, 2013

Smoke pours from Kenya mall as forces “close in”

NAIROBI, Sept 23 (Reuters) – Thick smoke poured from the
besieged Nairobi mall where Kenyan officials said their forces
were closing in on Islamists holding hostages on Monday, the
third day since Somalia’s al Shabaab launched a raid that has
killed at least 62 people.

It remained unclear how many gunmen and hostages were still
cornered in the Westgate shopping centre, after a series of loud
explosions and gunfire were followed by black smoke billowing
from one part of the complex.

Sep 23, 2013

Blast shakes Nairobi mall, smoke pours from building

NAIROBI, Sept 23 (Reuters) – A loud explosion sent thick
smoke billowing from the Nairobi mall where militants from
Somalia’s al Qaeda-linked al Shabaab group threatened to kill
hostages on the third day of a raid in which at least 59 have
already died.

The blast was followed by other smaller detonations and
volleys of gunfire but there was no indication of the fate of
people whom the authorities say are being held by 10 to 15
Islamist gunmen who took the complex by storm on Saturday.

Aug 30, 2013

Analysis: Mall developers feel the pull of Africa’s consumer boom

ACCRA/JOHANNESBURG (Reuters) – When Wal-Mart Stores (WMT.N: Quote, Profile, Research, Stock Buzz), the world’s top retailer, bought control of major South African discount chain Massmart Holdings (MSMJ.J: Quote, Profile, Research, Stock Buzz) in 2011, American shopping mall developer Irwin Barkan had an epiphany.

An industry veteran of 30 years, Barkan’s U.S. home market was “graying”, while the youthful, underdeveloped African continent offered a sweet spot, with a rapidly expanding middle class and no competition from online retailers.