Sadiq Abubakar is seeing his hopes of an annual bonus fade as Ghana’s central bank hoards dollars, cutting foreign-exchange trading to the least in almost three years and sending the cedi to an all-time low.
Kenya Airways Ltd. Chief Executive Officer Titus Naikuni is to leave after restoring sub-Saharan Africa’s No. 3 carrier to profit with cost cuts that outweighed the impact of the Westgate mall siege and a fire at its hub.
The deal that helped one of the poorest nations raise $850 million and bond investors lock in rates three times higher than U.S. Treasuries is also spurring concern some of the money isn’t going where the buyers -- and one of the underwriters -- expected.
Rwanda lowered its outlook for tea earnings after prices fell at the regional auction in the Kenyan port city of Mombasa, where the country channels more than two- thirds of its output, an industry official said.
Kenyan newspapers condemned a planned media law approved by legislators because it may impose stiff penalties on reporters and seeks to set-up a government- appointed regulator that violates the constitution.