KENYA

Kenya Shilling Steady: Eyes on Lending Rule Impact

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The Kenyan shilling was stable against the dollar on Friday, and traders said prevailing tight shilling liquidity was expected to keep the local currency on a strengthening bias, while the main share index broke a four-day losing streak.
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Kenya: Interbank Borrowing Rate at 26% Unacceptable

An interbank borrowing rate of 26 percent in Kenya is unacceptable, a senior Treasury official said on Friday, and staff from the ministry of finance and the central bank are working on a plan to deal with interest rates while supporting the shilling currency.
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Kenya shilling stable vs dollar, stocks down

The Kenyan shilling was stable against the dollar on Monday and was seen firming due to a squeeze on shilling liquidity in the money markets, while stocks edged lower for a second session.

Tanzania inflation jumps, upward momentum seen

Tanzania's inflation rose for the ninth successive month in July on the back of higher food and energy costs and analysts said it was set to keep rising due to a poor supply outlook for staple foods and the cost of importing oil.

Kenyan shilling, stocks tumble on global sell-off

The Kenyan shilling extended its tumble to touch a new record low of 93.58 against the dollar on Monday, while the benchmark share index fell 2 percent as the global sell-off of emerging and frontier assets hit local markets.
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Rat Species Found Making Poison to Defend Against Predators

Researchers from Oxford University and East African Scientist have discovered the first mammal, a species of rats that makes its own poison by gnawing on a poisonous tree and then slathering poisonous spit onto special sponge-like hairs on its flanks to defend it.
Somalia

Somalia Famine: UN Needs More Money to Increase Aid [PHOTOS]

The fate of tens of thousands of people living and dying from famine in the Somalia is literally in the hands and hearts of the internationally community. The deadly famine in Somalia could spread if the international community doesn't provide the funds needed to respond to the hunger crisis that has already killed thousands, the United Nations humanitarian chief warned.

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