Kenyan shilling holds firm against the greenback

NAIROBI, May 20 (Reuters) – The Kenyan shilling was stable against the dollar on Monday due to ample dollar supply from diaspora remittances and tight liquidity in the local money

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Kenyan shilling holds firm against the greenback

NAIROBI, May 20 (Reuters) – The Kenyan shilling was stable against the dollar on Monday due to ample dollar supply from diaspora remittances and tight liquidity in the local money

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Spreading the net: Somali Islamists now target Kenyan recruits

* Al Shabaab’s new recruits a problem for security forces * Young men lured with offers of cash and khat * Women also targeted by Islamist group By Duncan Miriri

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Kenya’s LGBT+ voices highlight abuses ahead of gay sex court verdict

NAIROBI, May 16 (Thomson Reuters Foundation) – From a gay high school student to a transgender woman, LGBT+ Kenyans are sharing their experiences of discrimination and persecution on a new

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Kenya to finalise IMF deal within two months, rate cap “no issue” -Finance Minister

LONDON, May 16 (Reuters) – Kenya expects to finalise a deal with the International Monetary Fund within two months and the lender is not insisting on a removal of the

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WEEKAHEAD-AFRICA-FX-Zambian Kwacha seen on the ropes, Kenyan shilling to firm

LUSAKA, May 16 (Reuters) – Zambia’s currency is expected to continue trading with a bearish tone while the Kenyan shilling is likely to firm and Uganda’s currency should remain stable.

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U.N. urges calm after protests by LGBT+ refugees in Kenya turn violent

NAIROBI, May 16 (Thomson Reuters Foundation) – The United Nations has urged LGBT+ refugees in Kenya to show “calm and restraint” after protests demanding better treatment turned violent, with police

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UPDATE 3-Kenya easily raises $2.1 bln Eurobond, debt concerns linger

* Issue got better pricing than expected – economist * Debt has jumped to 55% of GDP since 2013 (Adds debt level, economist’s comment) By Duncan Miriri and George Obulutsa

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Kenya raises $2.1 bln with dual-tranche Eurobond

NAIROBI, May 16 (Reuters) – Kenya has raised $2.1 billion in a new Eurobond that comes in tranches of 7- and 12-year tenors, in an issue that was oversubscribed more

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FEATURE-From camel to cup: Camel milk froths hopes in drought-hit Kenya

WAJIR, Kenya, May 16 (Thomson Reuters Foundation) – As day breaks over the sandy stretch of Kenyan desert, Salah Abdinoor Issack finishes his dawn prayers and will now spend the

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CORRECTED-FEATURE-Clashing tribes and shrinking grassland as Kenyan airport sparks property boom

(Corrects Mello’s title in par 11) By Kagondu Njagi ISIOLO, Kenya, May 14 (Thomson Reuters Foundation) – Sitting on a roadside boulder at the edge of Kenya’s Isiolo airport, six

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FEATURE-Clashing tribes and shrinking grassland as Kenyan airport sparks property boom

ISIOLO, Kenya, May 14 (Thomson Reuters Foundation) – Sitting on a roadside boulder at the edge of Kenya’s Isiolo airport, six young men engage in a friendly argument over what

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Kenyan watchdog approves Commercial Bank of Africa and NIC Group merger

NAIROBI, May 13 (Reuters) – The Competition Authority of Kenya approved on Monday a proposed merger between Kenya’s Commercial Bank of Africa and NIC Group, the regulator said in a

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UPDATE 1-South Africa’s Vodacom earnings fall 6.6% on black share scheme

(Adds details) JOHANNESBURG, May 13 (Reuters) – South Africa’s mobile phone operator Vodacom reported a 6.6% drop in full-year earnings due to one-off costs related to a share scheme offered

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FEATURE-Voice of resilience: Kenyan radio builds herders’ trust in drought insurance

ISIOLO, Kenya, May 13 (Thomson Reuters Foundation) – It only lasts about two and half minutes, but the brief message Asma Mohamed broadcasts on her daily radio show has become

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Athletics-Brazil stun U.S. in 4x100m final on day of upsets at IAAF World Relays

May 12 (Reuters) – Paulo Andre Camilo de Oliveira powered Brazil to victory in the men’s 4x100m event at the IAAF World Relays in Yokohama, Japan, on Sunday as they

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Kenya arrests 75 tax officials on suspicion of corruption

NAIROBI, May 10 (Reuters) – Seventy-five Kenyan tax agency staff were arrested on Friday on suspicion of abetting tax evasion and bribery, the latest effort by authorities in the East

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Kenyan shilling steady on tight money market liquidity

NAIROBI, May 10 (Reuters) – The Kenyan shilling held steady against the dollar on Friday supported by tight liquidity in the local money market, traders said. At 0958 GMT, commercial

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FEATURE-Gangs to gardens: Kenyan youth shun crime to create green spaces

NAIROBI, Kenya, May 10 (Thomson Reuters Foundation) – As a young man, Moses Muchina used to rob people who were unlucky enough to have to cross through the Kenyan slum

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Kenyan court sentences Briton to four years on terrorism charges

MOMBASA, Kenya, May 9 (Reuters) – A Kenyan court on Thursday sentenced a British man to four years in prison on charges of helping to plan attacks in Kenya and

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WEEKAHEAD-AFRICA-FX – Kenya’s shilling to strengthen, Uganda’s to weaken

NAIROBI, May 9 (Reuters) – Kenya’s shilling is forecast to strengthen against the dollar in the next week to Thursday, while Uganda’s shilling will weaken, traders said. KENYA The Kenyan

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UPDATE 2-Kenya’s Equity bank eyes more profit from subsidiaries after subdued Q1

* Equity Group Q1 pretax profit up 6 pct * Sees subsidiaries contributing 20-25 pct to full yr profit * Rising Tanzania bad loans weigh on performance (Adds details, quotes)

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UPDATE 1-Kenya starts roadshow for 12-, 31-year dual-tranche Eurobond

(Adds roll-over of maturing debt) NAIROBI, May 9 (Reuters) – Kenyan officials were set to start meeting investors in London and the United States on Thursday as it markets a

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Kenya starts roadshow for 12-, 31-year dual-tranche Eurobond

NAIROBI, May 9 (Reuters) – Kenyan officials were set to start meeting investors in London and the United States on Thursday as it markets a 12-, 31-year dual-tranche Eurobond, a

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Kenya’s Equity Group reports 6 pct rise in Q1 pretax profit

NAIROBI, May 9 (Reuters) – Kenya’s Equity Group Holdings said on Thursday its first quarter pretax profit rose 6 percent to 8.84 billion shillings ($87.44 million). The bank, which also

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Kenya to upgrade old rail track to deliver Uganda link

NAIROBI, May 8 (Reuters) – Kenya plans to modernise an old railway track to link a newer line to neighbouring Uganda at a cost of $210 million, with funding from

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UPDATE 1-Corruption, payment delays stifle Kenyan manufacturers – survey

(Adds background on Kenyan April PMI) By George Obulutsa NAIROBI, May 8 (Reuters) – Kenyan manufacturers are largely operating below capacity and say economic growth prospects are dim due to

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UPDATE 2-Doping-Russian athlete Savina gets 12-year ban

* Savina took banned substance, used forged medical documents * Husband and coach suspended for four years * Russian athletics federation remains suspended (Recasts with AIU statement) MOSCOW, May 8

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Corruption, payment delays hit Kenyan manufacturers – survey

NAIROBI, May 8 (Reuters) – Kenyan manufacturers are largely operating below capacity and say economic growth prospects are dim due to a cash crunch, drought and corruption, a survey by

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Kenya shilling weakens due to oil importer demand

NAIROBI, May 8 (Reuters) – The Kenyan shilling weakened on Wednesday due to increased dollar demand from oil importers, traders said. At 0649 GMT, commercial banks quoted the shilling at

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UPDATE 1-Doping-Russian athlete Savina gets 12-year doping ban -federation

(Updates with details, background) MOSCOW, May 8 (Reuters) – Russian middle-distance runner Kseniya Savina has been banned for 12 years for anti-doping violations by global athletics authorities, the Russian athletics

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UPDATE 1-Kenya house committee opposes Kenya Airways’ takeover of main airport

(Adds details) NAIROBI, May 7 (Reuters) – The Kenyan parliament’s transport committee has opposed a proposed takeover of the running of Nairobi’s Jomo Kenyatta International Airport (JKIA) by struggling carrier

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Kenya house committee opposes Kenya Airways’ takeover of main airport

NAIROBI, May 7 (Reuters) – The Kenyan parliament’s transport committee has opposed a proposed takeover of the running of Nairobi’s Jomo Kenyatta International Airport (JKIA) by struggling carrier Kenya Airways,

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Sand mining ‘mafias’ destroying environment, livelihoods: UN

BANGKOK, May 7 (Thomson Reuters Foundation) – Sand mining is eroding the world’s river deltas and coastlines, damaging the environment and hurting livelihoods from Cambodia to Colombia, as government regulation

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Kenyan shilling strengthens, helped by inflows into government bonds

NAIROBI, May 7 (Reuters) – The Kenyan shilling strengthened against the dollar on Tuesday, helped by inflows from investors buying Treasury bills and bonds, traders said. At 0630 GMT, commercial

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