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Oct 30, 2013

Africa’s Ecobank chairman quits over governance allegations

LAGOS/ACCRA, Oct 30 (Reuters) – Pan-African lender Ecobank
announced the departure of chairman Kolapo
Lawson on Wednesday in an attempt to restore confidence after a
series of blows to its reputation.

Ecobank has often been touted as a pan-African success story
due to its strong growth and aggressive expansion strategy,
which have made it attractive to foreign investors. But
allegations of mismanagement have tarnished its image in recent

Oct 25, 2013

Analysis: Gold price drop jolts West Africa from mining dreams

ABIDJAN/ACCRA (Reuters) – This year’s drop in world gold prices has been deeply sobering for West African countries, from established producer Ghana to promising newcomer Ivory Coast, whose prospects of mineral wealth are being snatched away.

As miners’ stock prices plummet and they have to consider suspending or halting new projects, many fear the dream that inspired West Africa’s gold rush may be gone for good and regional economies may be in for an abrupt awakening.

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

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

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.