KENYA

Kenya's StanChart FY pretax profit up 14 pct

StanChart profit tops $3.1 bln as bad debts tumble
Standard Chartered Bank Kenya joined other banks that experienced high growth in 2010 by posting a 14 percent rise in 2010 pretax profit on increases in income and customer deposits on Monday.
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Kenya president rows back on judicial appointments

Kenyan President Mwai Kibaki ended a row over top judicial appointments that had threatened the country's fragile coalition government by saying on Tuesday that he would start the selection process afresh.
Turkana boys walk past a road construction project near Isiolo town

World Bank to mull $400 mln Kenyan loan

The World Bank will consider loaning Kenya $400 million before the end of the fiscal year to upgrade informal settlements and road projects, the bank's head in Nairobi said on Thursday.
Sudan

S.Sudan eyes new oil export links, may anger north

South Sudan will consider building new pipelines if it finds fresh oil reserves after independence, an official said, a move that could anger Khartoum if the route avoids the north through which exports now flow.
India's Prime Minister Manmohan Singh walks on stage for a photo opportunity as part of the 5th East Asia Summit in Hanoi October 30, 2010.

EU sued over secrecy in India trade talks

Transparency campaigners sued the European Union's executive on Tuesday for withholding documents on free trade talks with India, stepping up pressure on the bloc to make its policymaking less secretive.
Kenya Airways Boeing B777-200ER plane is seen during a media tour at their maintenance hangar in Nairobi

Kenya Airways Oct-Dec passenger numbers up

Kenya Airways reported an 8.9 percent rise in passenger volumes in the final quarter of 2010 after introducing new routes and more frequent flights to Juba in south Sudan.
Fuel

Kenya increases pump prices for fuel

Kenya has raised retail fuel prices to 98.08 shillings per litre of petrol sold in the capital for the next 30 days, from 95.60 shillings, the Daily Nation reported on Monday.
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Kenyan agricultural stocks to weather drought

High international commodities prices and a weakening shilling against the dollar are expected to cushion Kenyan listed agricultural stocks from inflationary pressures and the effects of a biting drought, analysts said.
coffee farmer

Kenya coffee hits new high at $1,022/bag

Kenya's benchmark AA coffee grade fetched a new all-time high of $1,022 per 50 kg on Tuesday, reflecting a trend of soaring commodity prices due to political upheavals in north Africa.
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Kenya's Centum to tap booming property market

Kenya's Centum Investment Co is poised to tap the booming property market in east Africa to meet the growing demand of the bulging middle class, its chief executive officer said on Tuesday.

Kenya court says Kibaki nominations unconstitutional

A political storm in Kenya over the presidential appointment of top judicial figures is likely to rage on after a court declared the nominations illegal, and the speaker of parliament declined to rule on the controversy.

Kenyan inflation rises to 5.42 pct in January

Kenya's inflation rate rose to 5.42 percent year on year in January from 4.51 percent in December on higher food prices, rents and school tuition costs, a source at the statistics office said on Monday.

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