Kenya's Mumias Sugar's profit edges up 4.5 pct in H1

NAIROBI (Reuters) - Kenya's Mumias Sugar posted a slight pick-up in pretax profit to 1.30 billion shillings for its first half through December, it said on Friday. Mumias is the largest sugar grower and miller in the east African nation of 39 million people. The country has an annual sugar deficit of around 200,000 tonnes, which is usually filled by imports from other producers in the region ...

Kenya miltiary: some 100 Somali militants killed

The spokesman for Kenya's military says an estimated 100 Somali militants were killed after helicopter gunships targeted a gathering of more than 200 al-Shabab fighters in Somalia.

Kenya doctor fights mental health stigma in 'traumatized continent'

As Kenya's leading psychiatrist, Frank Njenga has been championing the cause of better mental health care on the east African country and the continent for more than three decades.

Kenya to list more exploration blocks by end-Feb

NAIROBI (Reuters) - Kenya has marked out eight new offshore exploration blocks which it expects to list in the government gazette by end-February and France's Total is negotiating for the rights to one of the blocks, a senior energy ministry official said on Wednesday. Exploration interest in Kenya and its neighbours in eastern Africa has risen in recent years after hydrocarbon deposits were ...

Kenya takes 'key al-Shabab town'

Kenyan troops capture a key town in southern Somalia after heavy fighting with Islamist militants, an army spokesman tells the BBC.

Kenya sees 5 pct GDP growth in 2012 with good rain

NAIROBI (Reuters) - Kenya's economic growth will speed up to 5 percent or more in 2012 if rains vital to the key farm sector do not fail and other shocks do not materialise, a senior Treasury official said on Tuesday. He also said high market interest rates should fall in the next six months as the government reduces borrowing on local markets with the help of a foreign loan. Politics, drought ...

MasterCard Opens East African Regional Headquarters in Nairobi, Kenya

MasterCard Worldwide, a global payments and technology company, today launched its official East African regional headquarters in Nairobi, Kenya. This development brings the number

Uganda cuts policy rate, Kenya likely to follow

NAIROBI/KAMPALA (Reuters) - Uganda bowed to the threat of social unrest, cutting interest rates by a percentage point on Wednesday, while neighbouring Kenya balked before fast credit growth and other risks. Economic analysts said inflation may have peaked in the region, adding that the cut by the Ugandan central bank of the policy rate to 22 percent, although driven by political pressure, did ...

World Bank to lend Kenya $1.9 bln in 2012-14

NAIROBI (Reuters) - The World Bank has committed $1.9 billion for various development projects in Kenya over the next two years, and $400 million has already been disbursed, a senior bank official said. Through its lending arm, the International Development Association, the bank has already invested over $2 billion in sectors like water, energy and transport infrastructure in east Africa's ...

Attack on Kenya orphanage yields $80k in donations

NGONG, Kenya -- Anthony Omari earned the still-fresh 11-stitch scar that runs from his forehead to his upper lip in one of the noblest ways imaginable: By taking a machete to the face while defending an under-resourced Kenyan orphanage from attacking thieves.