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East Africa

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  1. REFILE-Port city plans for new cargo taxes angers Kenya govt, shippers

    Headlines

    Wed, 1 Oct 2014

    MOMBASA, Kenya, Oct 1 (Reuters) - Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import prices and make the east African trade hub less competitive.

  2. Tanzania receives $565 mln financing to expand port

    Headlines

    Fri, 12 Sep 2014

    DAR ES SALAAM, Sept 12 (Reuters) - Tanzania signed a $565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation's role as a regional trade hub.

  3. BRIEF-Isat to launch TV platform for Kenya on Eutelsat satellite

    Headlines

    Fri, 12 Sep 2014

    * Isat Africa and Eutelsat partner on accelerating access to free-to-air digital channels in Kenya and across East Africa

  4. East Africa's Rift Valley Railways secures funds for locomotives

    Headlines

    Wed, 10 Sep 2014

    NAIROBI, Sept 10 (Reuters) - East Africa 's Rift Valley Railways, operator of the only rail line linking Kenya's Indian Ocean coast with Uganda, said on Wednesday

  5. At Britain's door, migrants defy French border crackdown

    Headlines

    Tue, 9 Sep 2014

    CALAIS, France, Sept 9 (Reuters) - It took Eritrean migrant Adhanom Ghabrai two years and several brushes with death to reach northern France from his east African home. Now 35 km from his destination, he says no border controls can stop him from reaching Britain.

  6. AFRICA FX-Outlook bearish for East African currencies; cedi, naira to hold firm

    Headlines

    Thu, 4 Sep 2014

    JOHANNESBURG, Sept 4 (Reuters) - Rising importer demand is likely to weigh on East African currencies against the dollar next week, but tight monetary policy in Zambia is expected to prop up the kwacha.

  7. Yara plans $2.5B gas-based fertilizer plant in Africa

    Headlines

    Wed, 3 Sep 2014

    Nitrogen fertilizer seller Yara International ( OTCPK:YARIY ) says it plans to build a $2.5B plant in west or east Africa once gas projects come onstream toward the end of the decade. CEO Joergen Ole Haslestad says Yara has held initial talks

  8. Kenyan consortium says wins tender to build 1,000-MW coal plant

    Headlines

    Tue, 2 Sep 2014

    NAIROBI, Sept 2 (Reuters) - A consortium led by two Kenyan firms won a government tender to build a 1,000-MW, coal-fired power plant, company officials said on Tuesday, part of moves to satisfy rising demand for energy in East Africa 's biggest economy.

  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. East Africa move to cleaner fuels to soak up new low-sulphur supplies

    Headlines

    Fri, 29 Aug 2014

    * Sulphur in diesel to be lowered to 50 ppm; gasoline to 150 ppm

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