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East Africa

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  1. Kenyan retailer Uchumi plans 12 new stores in E. Africa region this year

    Headlines

    Fri, 30 Jan 2015

    NAIROBI, Jan 30 (Reuters) - Kenya's Uchumi Supermarkets plans to open a dozen new branches across east Africa this year to capture the growing number of middle class spenders in the region, its chief executive officer said on Friday.

  2. Japan lends $270 mln to Kenya to help expand Mombasa port

    Headlines

    Fri, 16 Jan 2015

    MOMBASA, Kenya, Jan 16 (Reuters) - Kenya signed a $270 million loan deal with Japan on Friday to help expand capacity at Mombasa port, a busy facility that is the main trade gateway to east Africa .

  3. Mozambique swears in new president, opposition stays away

    Headlines

    Thu, 15 Jan 2015

    MAPUTO, Jan 15 (Reuters) - Filipe Nyusi was sworn in as Mozambique's new president on Thursday following his contested election victory last October, promising to modernise the economy and maintain peace in the east African state.

  4. WEEKAHEAD-AFRICA-FX- East African currencies seen under pressure next week

    Headlines

    Thu, 15 Jan 2015

    NAIROBI, Jan 15 (Reuters) - The Kenyan, Ugandan and Tanzanian shillings are expected to lose ground in the next week after hitting multi-year lows, due to increased importer demand and a generally stronger dollar globally, traders said.

  5. Tanzanian attorney general resigns over graft accusations

    Headlines

    Wed, 17 Dec 2014

    DAR ES SALAAM, Dec 17 (Reuters) - Tanzania's attorney general resigned late on Tuesday, becoming the first political casualty in an energy corruption scandal in the east African country that has led Western donors to delay aid and weakened the currency.

  6. Africa Comes Into View

    Headlines

    Sun, 14 Dec 2014

    holdings in the region are designed to give the fund exposure to consumers. Among the fund’s top holdings are Mtn Group and East African Breweries in Kenya. Geritz and her team, though, spend considerable time traveling to lesser-known areas. An example of that

  7. Interpol joins hunt for Kenyan poaching suspect

    Headlines

    Thu, 16 Oct 2014

    MOMBASA Kenya (Reuters) - Kenya's police have asked Interpol to issue a wanted persons alert for a businessman accused of illegal trafficking in ivory and other game trophies in east Africa .

  8. Swiss Re buys stake in east African insurance group

    Headlines

    Wed, 8 Oct 2014

    ZURICH, Oct 8 (Reuters) - Switzerland's Swiss Re expanded its pool of investments in Africa with a minority stake in Kenya-based insurance group Apollo Investments Limited, a spokeswoman for the...

  9. Changing of the Guard at Danone, but Strategic Focus Unlikely to Shift; Shares Fairly Valued

    Commentary

    Tue, 2 Sep 2014

    further leverage for acquisitions, tuck-in acquisitions (similar to the recently announced deal to acquire a 40% stake in East African dairy product firm Brookside) of strong local brands in growth markets would be the best use of cash, from our perspective

  10. Best Idea Tullow Oil Still a Solid Value for Long-Term Investors

    Commentary

    Wed, 30 Apr 2014

    the 3-D seismic of this basin leads it to believe this could be the most prospective undrilled basin in its portfolio of East African acreage. Beyond Shimela-1, near-term well results in Kenya (Ekunyuk-1) and Norway (Butch East and Gotama) are

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