Rising food prices helped push up Kenya's inflation rate in August to its highest level since June 2012, making it more likely that the central bank will lift interest rates in coming months.
Safaricom led Kenyan shares higher after parliament approved its plans to construct a national security and surveillance system, while the shilling was flat.
Essar Capital Ltd, part of India's Essar conglomerate, said it had signed binding agreements with Bharti Airtel Ltd and Safaricom Ltd to sell its telecoms business in Kenya for about $120 million.
Kenya is currently reforming its Nairobi Security Exchange (NSE) in order to make it easier for the listing of the country's Eurobond.
Malaysia Airlines will shed 6,000 workers as part of an overhaul to revive its damaged brand after being hit by double passenger jet disasters.
29 August 2014, 11:09
Tanzania expects tourist numbers to double to 2 million by 2017, the state tourist board said, challenging regional rival Kenya where Islamist attacks have scared away visitors.
29 August 2014, 15:02
Forecasts for 20 percent net annual returns from investing in shopping malls, office blocks or industrial complexes in countries from Zambia to Kenya is drawing in new investors despite more immediate concerns about Ebola, terrorism or political stability.
29 August 2014, 07:19
Kenyan property developer Home Afrika Ltd reported a 73 percent drop in first-half pretax profit to 68.2 million shillings ($771,493) after costs rose, it said.
28 August 2014, 20:05
Major players in the power industry will convene in the country this November to explore the commercial potential of mini grids in Africa.
28 August 2014, 18:00
Tullow Oil announced the successful results from a series of exploration, appraisal and testing activities conducted in Blocks 10BB and 13T onshore Kenya.
28 August 2014, 12:26
The World Bank has cut its 2014 growth forecast for Rwanda, blaming delayed spending on energy and transport and a slowdown of credit growth to the private sector.
28 August 2014, 07:06
I&M Bank has reported a 9.2 percent rise in first-half pretax profit to 3.8 billion shillings ($43 million), helped up by a rise in net interest income.
27 August 2014, 20:03
Ebola is causing enormous damage to West African economies, draining budgetary resources and slashing economic growth by up to 4 percent.
27 August 2014, 18:03
Preparations for the East African Power Industry Convention (EAPIC) are gathering momentum with confirmation more than 1 000 participants expected for annual event in Nairobi.
27 August 2014, 15:01
Fastjet, a low cost airline with operations in some countries in Africa, has incorporated a company in Kenya, Fastjet Kenya, as part of its goal to launch a base in the country.
27 August 2014, 13:13
Investors from Western countries are not attending the Destination Kwale Investment forum due to Ebola threat, Kwale Governor Salim Mvurya has said.
27 August 2014, 12:19
The Central Bank of Kenya sought to inject 30 billion shillings into the market after a liquidity crunch sent overnight lending rates higher.
27 August 2014, 07:31
Jubilee Holdings increased its profit before tax 35 percent to 1.54 billion shillings ($17.4 million) in the first six months of this year, it said.
26 August 2014, 18:01
Nairobi Securities Exchange, which is listing its shares next month, posted a 46 percent year-on-year jump in its pretax profit for the first half to KES 158.2 million
26 August 2014, 09:29
Insurance firm Old Mutual Kenya, has appointed Peter King’ori Mwangi as the new Group Chief Executive Officer effective 1 October.
26 August 2014, 07:28
Kenya's debut $2 billion Eurobond pushed its total public debt to 57 percent of gross domestic product (GDP) at the end of June, up from 51.7 percent a year earlier, the Treasury said.
25 August 2014, 14:59
The African Development Bank (AfDB) has committed a US$150 million loan (approximately KES 13 billion) to finance part of Kenya Power’s target of 1 million new electricity connections this year.
25 August 2014, 12:39
Media firm Standard Group on Monday posted an 8-percent drop in pretax mid-year profit to 205 million shillings
25 August 2014, 11:12
Kenya Tea Development Agency (KTDA) has formed a committee to look for new tea markets in Asia, Russia, China and USA.
25 August 2014, 07:40
The Zimbabwean economy added 13 173 new jobs in the six months to June, adding to evidence that the country's economic situation has continued to worsen.