Mombasa News
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Airbus SAS planes used by German Chancellor Angela Merkel will be equipped with a system to safeguard them from attack by heat-seeking missiles.
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The Kenya National Highways Authority began processing trucks that had blocked the road to and from Mombasa, the country’s main port, in a dispute over cargo- weighing procedures.
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Nintendo Co. fended off a second U.S. patent-infringement case this month against its Wii video-game system, adding to a trend of companies fighting royalty demands and winning.
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Tanzania plans to boost cargo volumes by 80 percent over the next two years at the Dar es Salaam Port by adding railway links and upgrading facilities to improve efficiency, Transport Minister Harrison Mwakyembe said.
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Tullow Oil Plc, the U.K. explorer that found Kenya’s first oil, plans to find more partners in Ghana’s TEN project, the Chief Executive Officer said.
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Nippon Telegraph & Telephone Corp.’s South African unit offered to acquire AccessKenya Ltd. for 3.05 billion shillings ($36.3 million) as part of its strategy to expand in sub-Saharan Africa.
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Kenya’s Nairobi county will tap commercial lenders and the World Bank for loans and may sell municipal bonds to finance plans for urban renewal and repay “monster” debt, Governor Evans Kidero said.
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AccessKenya Group Ltd., the nation’s only publicly traded Internet company, surged to a two- year high on expectations of stronger first-quarter profit with customer growth and investments in its network.
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Kenya Petroleum Refineries Ltd. is weighing its financing options as it seeks to raise $1 billion of debt and equity for a planned upgrade of its facility built half a century ago.
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Takaful Insurance of Africa Ltd., Kenya’s only Shariah-compliant insurer, plans to expand its operations into five East African nations, Chief Executive Officer Hassan Bashir said.
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