Reuters: Kenya News

Kenyan police arrest suspect in Mombasa grenade attack

Wed, 16 May 2012 17:25:53 +0000

NAIROBI, May 16 (Reuters) - A man has been arrested after a grenade attack killed a woman and wounded several people outside a night club in the Kenyan coastal city of Mombasa, police said on Wednesday.

UPDATE 1-Barclays Kenya Q1 profit beats market expectations

Wed, 16 May 2012 16:57:16 +0000

* Loan-loss provision down 39 percent to 702 mln shillings (Adds details, analyst quotes)

UPDATE 1-Kenyan shilling pares losses with cbank support

Wed, 16 May 2012 16:07:57 +0000

* Central bank intervenes to sell dollars, mops excess liquidity * Shilling seen pressured as banks go long on dollars * KCB shares lift stock market (Adds markets close, stocks) By Kevin Mwanza NAIROBI, May 16 (Reuters) - The Kenyan shilling fell on Wednesday, driven lower by a broad-based investor exodus from riskier assets but paring losses after the central bank sold dollars directly to commercial banks for a second day and mopped up liquidity. Stocks rose for the fi

Barclays Bank of Kenya Q1 pretax profit up 21 pct

Wed, 16 May 2012 15:32:26 +0000

NAIROBI, May 16 (Reuters) - Barclays Bank of Kenya first quarter pretax profit rose 21 percent on higher total interest income outpacing costs which were almost flat, the bank said on Wednesday.

Virgin Atlantic to stop Kenya flights by Sept

Wed, 16 May 2012 14:58:00 +0000

May 16 (Reuters) - British airline Virgin Atlantic plans to withdraw flights between Nairobi and London by September due to low passenger numbers, high fuel costs, and increasing aviation taxes in Britain.

Kenya's 182-day yield falls to 12.078 on heavy demand

Wed, 16 May 2012 14:19:40 +0000

NAIROBI, May 16 (Reuters) - The weighted average yield of Kenya's 182-day Treasury bills tumbled about 100 basis points at an auction this week to 12.078 percent, the central bank said on Wednesday.

Kenya near to sealing more offshore oil search deals

Wed, 16 May 2012 11:20:22 +0000

NAIROBI, May 16 (Reuters) - Kenya is close to sealing a deepwater exploration contract with France's Total and has offered three other oil majors new offshore blocks, the country's petroleum commissioner said.

Kenya's CIC Insurance says to list by mid-June

Wed, 16 May 2012 10:14:38 +0000

NAIROBI, May 16 (Reuters) - Kenya's capital markets regulator approved a listing by CIC Insurance on Wednesday, after the company shelved initial public offering plans due to a lengthy bear run at the Nairobi bourse.

Kenyan shilling falls vs dollar, central bank eyed

Wed, 16 May 2012 09:11:03 +0000

NAIROBI, May 16 (Reuters) - The Kenyan shilling fell against the dollar on Wednesday pushed down by heavy demand for the U.S. currency worldwide as investors spooked by a political crisis in Greece that threatens its future in the euro zone seek out the safest assets. At 0902 GMT, commercial banks quoted the shilling at 84.50/70 against the dollar, 0.7 percent weaker than Tuesday's close of 83.90/84.10. It reversed the previous day's gains, made when the central bank intervened to sell dol

Kenya's central bank aims to mop up $36 mln via repos

Wed, 16 May 2012 08:46:03 +0000

NAIROBI, May 16 (Reuters) - Kenya's central bank sought to soak up 3 billion shilling ($35.7 million) via repurchase agreements (repos) on Wednesday, the fourth straight day of intervention to suck liquidity out of the local market.