NAIROBI, Nov 20 (Reuters) - An Australian Navy warship patrolling Indian Ocean waters seized heroin worth $158 million near east Africa this week, a navy official said on Thursday, one of the region's biggest heroin hauls in recent years.
Nov 20 (Reuters) - ADC African Development Corporation AG :
NAIROBI, Nov 13 (Reuters) - East African currencies are expected to remain under pressure next week as dollar demand increases and inflows slow, while Nigeria's central bank again tries to check the naira's slide.
KAMPALA, Nov 11 (Reuters) - Ugandan authorities said the east African country was free of Marburg, a virus similar to Ebola, after no new cases had been reported more than a month after a hospital worker died of the disease in the capital.
Wednesday as banks bought dollars to cover their short positions, while bargain-hunters buoyed stocks. The local currency of East Africa 's biggest economy closed at 89.30/40 to the dollar, from Tuesday's close of 89.25/35. The shilling had firmed
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expectations of hard currency inflows from offshore investors in a government bond, while stocks recovered to close higher. The currency of East Africa 's largest economy closed at 89.25/35 to the dollar, firmer than Monday's close of
NAIROBI, Oct 25 (Reuters) - Kenya's East African Portland Cement posted a net loss of 386 million shillings ($4.32 million) for the year ended June 30, saying it had been hurt by price competition, high staff costs and the weakening shilling.
DAR ES SALAAM, Oct 24 (Reuters) - Tanzania and China have signed investment deals worth more than $1.7 billion, including one to build a satellite city to ease congestion in the commercial capital Dar es Salaam - deepening Beijing's ties with East Africa .
DAR ES SALAAM, Oct 24 (Reuters) - Tanzania and China have signed investment deals to build a $1 billion satellite city and $500 million financial centre in the commercial capital Dar es Salaam, the latest sign of Beijing's deepening ties with East Africa .