The International Monetary Fund (IMF) has warned African countries against rushing to issue Eurobonds, saying they may face exchange rate risks and problems repaying debts.
Taipan Resources, the multinational firm, announced an increase in prospective resources on Block 1 Kenya.
Africa's under used gas reserves, either exported or burnt away into the sky, are set to play a big role in stemming the continent's crippling electricity void, a shift that should boost economies and small-cap energy firms.
Kenya is currently in discussions with the European Union (EU) in order to get a refund on duties paid for the country's exports to the EU since Oct. 1.
16 October 2014, 13:02
Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump the region's new oil bonanza to the coast for export.
16 October 2014, 10:03
Airtel has launched a mentorship program for Mukuru Promotion Centre, St. Bakhita Primary School in Nairobi.
15 October 2014, 08:20
The government said talks between the East African Community (EAC) and the European Union on the new Economic Partnership Agreements (EPAs) have been concluded and the deal has been signed.
15 October 2014, 07:07
The Energy Regulatory Commission said it was cutting the retail prices of diesel, petrol and kerosene to reflect lower import costs, in a move likely to ease inflationary pressures.
14 October 2014, 11:17
Bharti Airtel has announced a reduction of call rates by 60% and free incoming calls for Airtel Kenya’s postpaid and prepaid customers roaming to Rwanda.
14 October 2014, 08:35
A seven percent surge in KenGen lifted Kenyan shares as the country's main electricity producer added more geothermal power to the national grid, while the shilling currency held steady.
13 October 2014, 18:23
Kenya's economy has accelerated in the second quarter thanks to fast growth in construction, manufacturing and financial services, which offset a slump in tourism.
13 October 2014, 12:47
Central Bank of Kenya stepped into the market to mop up 15 billion shillings(168.35 million US dollar) using repurchase agreements (repo) and term auction deposits.
13 October 2014, 07:11
Tullow Oil said talks to resolve "limited industrial action" at sites in northern Kenya had been successfully concluded and the staff affected were returning to work.
10 October 2014, 08:32
The government has called on more Chinese investors to set up their business in the country.
09 October 2014, 12:31
There was joy at the Immanuel Afrika (I-Afrika) organization as Airtel Kenya commissioned a biogas plant at the institution.
09 October 2014, 10:19
The Communication Authority of Kenya (CAK) said Wednesday it had given preliminary approval to a joint bid by Safaricom and Airtel for the mobile assets of Essar Kenya and the final nod could be given next month.
09 October 2014, 08:11
Kenya, Uganda and Rwanda have slashed the costs of making mobile phone calls across their borders by more than 60 percent.
08 October 2014, 12:44
The government has established a special fund to support development of local content and revitalize the creative industry, officials said.
07 October 2014, 16:12
Police in Mombasa are yet to identify individuals who last week defaced the iconic Ivory tusks located along Moi Avenue in Mombasa central business district.
07 October 2014, 12:16
Taisys Technologies Co., Ltd. has announced that Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys.
07 October 2014, 09:29
Kitui County challenged investors to exploit the emerging business opportunities such as coal mining in the county.
07 October 2014, 08:21
Leopard Beach Resort in Diani Kwale has started expanding its market segment by penetrating into local tourism industry.
06 October 2014, 14:03
Life won’t get any easier and responsibilities won’t get any lighter, say Dinesh Patel (CEO) and Heini Booysen (COO) of OrderIn in this informative Q&A.