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Transition to low-sulphur diesel and cleaner vehicles could achieve US$6 billion in health savings for Sub-Saharan Africa each yearNAIROBI, Kenya, February 18, 2011/African Press Organization (APO)In a move that is set to improve air quality and reduce vehicle emissions across East Africa, Kenya has officially launched its transition to low-sulphur diesel. Containing only 5% of the amount of

NAIROBI, Feb 10, 2011 (Xinhua via COMTEX) -- By Peter MutaiKenya is implementing measures to compete with imports of cheap sugar from low cost producers when the Common Market for Eastern and Southern Africa (COMESA) safeguards expires next year, industry regulators said on Thursday.Kenya Sugar Board CEO Solomon Odera said the European Union has already provided 6 million euros to help Kenya's

NAIROBI, Kenya, February 1, 2011The Executive Board of the International Monetary Fund (IMF) today approved a three-year arrangement under the Extended Credit Facility for Kenya in an amount equivalent to SDR 325.68 million (about US$508.7 million). The program is aimed at protecting Kenya’s external position, while allowing a gradual fiscal adjustment. The Executive Board’s approval will

NAIROBI, Kenya, November 24, 2010/African Press Organization (APO)An International Monetary Fund (IMF) mission was in Nairobi during November 3-18 to discuss economic policies that the IMF could support through an Extended Credit Facility (ECF). At the conclusion of the visit, Domenico Fanizza, Mission Chief for Kenya, issued the following statement:“I am pleased to confirm that the mission has

November 16, 2010 - (All Africa) - East Africa, which recorded an over 70 per cent rise in the amount of investments made last year, is increasingly attracting private equity funds destined for sub-Saharan Africa.In what a new report by the Emerging Markets Private Equity Association (EMPEA), an industry association, partly attributes to advancement of the East African Community as a trading bloc

Eunice Machuhi [The Nation], 9 November 2010The war against piracy in the Indian Ocean has suffered a setback after the High Court ruled that Kenya has no jurisdiction over offences conducted outside its territorial waters.At the same time, the court has directed the immediate release of nine suspects charged with piracy, saying they were brought to Kenya against their will, under coercion and

by: Alex Thurston | November 4, 2010Two stories from Reuters this week show China backing major road projects in Africa. While many accounts of “China in Africa” emphasize Chinese involvement in the energy sector, these reports underline the extent to which China is flexing economic muscle in diverse and important areas of African life, including infrastructure.In Kenya, where the government is

ARUSHA, Tanzania, October 25, 2010/African Press Organization (APO)Countries from the Eastern and Southern Africa (ESA) region meet next week in Nairobi to discuss strategies and funding for development of infrastructure at the Infrastructure Development Conference organized by EAC, COMESA and SADC under the Tripartite Framework in conjunction with IGAD.The Conference runs from Thursday 28 to

NAIROBI, Kenya, October 11, 2010/African Press Organization (APO)/ — The United Nations Statistics Division (UNSD) is organizing a meeting to launch the UNSD/DFID project on “Improving the Collation, Availability and Dissemination of Development indicators, including MDGs” at the UN Gigiri Complex in Nairobi, Kenya, from 18 to 20 October 2010.The meeting will bring together national experts on

NAIROBI, Kenya, October 11, 2010/African Press Organization (APO)/ — The United Nations Statistics Division (UNSD) is organizing a meeting to launch the UNSD/DFID project on “Improving the Collation, Availability and Dissemination of Development indicators, including MDGs” at the UN Gigiri Complex in Nairobi, Kenya, from 18 to 20 October 2010.The meeting will bring together national experts on

New Delhi, Oct 12 : India and Kenya would evolve new ways and means of strengthening bilateral trade, investment and economic cooperation this week.The sixth India-Kenya Joint Trade Committee (JTC) will meet in the Kenyan capital Nairobi Wednesday. Commerce Minister Anand Sharma would address the meeting. The two countries are expected to sign the Agreed Minutes after the deliberations.The JTC

Federation of Indian Chambers of Commerce and Industry in association with Ministry of Commerce, Government of India, and East African Business Council are organizing the first East Africa-India Business Forum. The Forum will take place on 14th and 15th October, 2010 at Intercontinental Hotel in Nairobi, Kenya. The ‘India- East Africa Business Forum’ will bring together the policy makers and

SourcePartnerships for Sustainable Business Development in Kenya (SUSBIZ Kenya) is a forthcoming project with the objective of linking improvements within corporate social responsibility (CSR) to modern business development among Kenyan companies with Danish business partners. The organisations behind the project – Federation of Kenya Employers (FKE), the Danish Commerce and Companies Agency (

SAMBURU/ISIOLO, 24 September 2010 (IRIN) - In an effort to stem the endemic violent banditry and cattle-rustling that plagues pastoralist areas in northern Kenya, professionals and community leaders from various ethnic groups have been criss-crossing the region in “peace caravans”.IRIN hitched a ride with one such caravan, which held meetings bringing together members of the Samburu, Rendile,

EZULWINI, Swaziland, Aug 31 - President Mwai Kibaki has appealed to the international community to appreciate the delicate situation of Sudan and act proactively instead of isolating the people of Sudan.Addressing the 14th COMESA summit of Heads of State and Government which opened at Ezulwini in Swaziland on Tuesday, President Kibaki emphasized that the people of Sudan should be encouraged to

DUBAI, UAE, August 30, 2010 /PRNewswireIn its Monthly Economic Review for May, the Central Bank of Kenya (CBK) indicated that credit to the private sector rose to Sh787.9 billion from Sh671.9 billion in a similar period last year. According to the report, trade, private households, and transport were the leading borrowers.In addition, CBK found that 75 per cent of banks expect credit to the

U.S. Trade Representative Kirk and Kenyan Minister Kimunya open sessionThe annual U.S.-Sub-Saharan Africa Trade and Economic Cooperation Forum - better known as the AGOA Forum - opened August 2 in Washington with U.S. and African officials pledging on the 10th anniversary of the African Growth and Opportunity Act (AGOA) to make the U.S. trade preference program work even better to stimulate

August 3, 2010 - BloombergKenya's commercial banks, which are reporting higher earnings and fewer defaults, should pass on lower interbank lending rates to their clients to help sustain rising economic growth, the country's central bank said yesterday.The Central Bank of Kenya's decision to cut its benchmark rate by 0.75 percentage points to 6 percent on Wednesday last week sent a "strong signal"

The focus of the 2010 African Growth and Opportunity Act (AGOA) Civil Society Forum, which convenes in Washington July 29, is to make the U.S.-Africa trade relationship beneficial to both Africans and Americans. The theme of this year's civil society forum is "A Decade of Progress in Bridging the U.S.-Africa Trade Gap." Gregory B. Simpkins, the spokesman for the U.S. civil society coalition for

Steve Mbogo, 21 July 2010, Business DailyCome January 2012, Kenyan consumers will hold sweet celebrations because they will finally access sugar at a cheaper price.The market will open up to sugar imports from the Common Market for Eastern and Southern Africa region (Comesa).But as that day draws nearer, Kenya's sugar factory managers are searching for solutions to slash their operating costs and