East African mediators want armed units from the region to protect cease-fire monitors and oil fields in South Sudan, said Seyoum Mesfin, chief envoy from the seven-nation Intergovernmental Authority on Development.
Kenya Commercial Bank Ltd., the East African nation’s biggest lender by market value, said full-year profit grew 18 percent after it reduced interest expenses by a third and regional operations contributed more.
Burundian opposition leaders accused President Pierre Nkurunziza of undermining a peace accord that ended a 12-year civil war and warned that political unity between the country’s main ethnic groups is fracturing.
The African Development Bank and UN’s Economic Commission for Africa are studying ways to boost coffee production on the continent, Frederick Kawuma, secretary general of the Inter-Africa Coffee Organization, said.
Somaliland, a breakaway territory in northern Somalia, has a gross domestic product of $1.4 billion with a “high” income gap between rich and poor, according to the World Bank’s first economic output estimate.