Corporates and wealthy Kenyans are sitting on a cash pile worth KSh1.41 trillion (UShs51 trillion) in a soft economy where investment options are becoming limited. Central Bank of Kenya (CBK) data shows that long-term and fixed deposits associated with the wealthy, money market funds and cash-rich corporates rose from KSh1.11
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US House of Representatives Speaker Nancy Pelosi says the chamber will file impeachment charges against President Donald Trump. "Today I am asking our chairmen to proceed with articles of impeachment," the top elected Democrat said. She spoke a day after the House Judiciary Committee began considering potential charges against the
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Nobel Peace Prize laureate and veteran of South Africa’s anti-apartheid struggle Desmond Tutu has been admitted to hospital for the treatment of an infection, his office said on Wednesday. “The Archbishop has been hospitalised several times over the past few years for treatment of a similar condition,” the Desmond &
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Two tropical storms are expected in East Africa late on Thursday and Friday, according to latest weather reports. Somalia’s semi-autonomous region of Puntland is bracing for what authorities have described as a category two storm. Weather experts say at least nine countries in the East African region are experiencing heavier
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The Democratic Republic of Congo's army says it has arrested a powerful Rwandan rebel commander, Nshimiyimana Asifiwe, in the eastern city of Goma. His arrest was proof that the military's campaign against the Democratic Forces for the Liberation of Rwanda (FDLR) in its forest hide-outs was yielding results, and some
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Zimbabwe's late President Robert Mugabe left behind $10m (UShs37bn) in the bank and several properties in the capital, Harare, the state-owned Herald newspaper has reported. Mugabe, who died in September at the age of 95, had failed to leave a will, prompting legal authorities to call a meeting this week
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The United Nations mission in South Sudan says it has redeployed some of its troops to Aloor County to try to halt communal clashes. The UN said nearly 80 people had been killed and more than 100 injured in the past few days of fighting between the Gak and Manuer
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By The Globe and Mail (Ontario Edition) When Washington needed Canada’s help to apprehend a top Huawei executive, officials in the White House, Congress and diplomatic corps were informed of what would happen hours before politicians in Ottawa. Sources from the U.S., Canadian and Chinese governments explain how the plan
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South Africa's Minister of Public Enterprises has said South African Airways (SAA) will undergo radical restructuring to ensure its financial sustainability. Mr Pravin Gordhan has said that there is "no other way forward" for the troubled state-owned airline that has suffered cumulative losses of more than $2bn (£1.5bn) over the
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Celebrating the unique unifying power of diversity in the United Arab Emirates (UAE), a historic one-off Emirates A380 flight marking the 48th UAE National Day and the UAE Year of Tolerance took off from Dubai International Airport on November 29, 2019. Ugandans living in the UAE were part of the
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