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Kenya Hunts Fugitive Nakumatt Bosses Over Billions Siphoned To Dubai

Directors of the collapsed Nakumatt Supermarkets that sank with billions of shillings in suppliers’ money are on the run, with Interpol in pursuit, after it emerged that the retailer siphoned out the cash. Kenya’s Interior Cabinet Secretary Fred Matiang’i last week said that authorities have information that the firm wired

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International News

Foreign Lenders Are Making a Killing From Africa, AfDB Says

African governments need to be tougher when negotiating the terms of Eurobonds and commercial loans, the African Development Bank said. Some external debts mature before the infrastructure projects they fund start generating returns, which raises refinancing risks, the president of the development-finance lender warned. Neither should African borrowers be “price

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