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.
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.
South Sudan is set to become almost self-sufficient in oil products within a year as two refineries enter production, saving Africa’s newest nation foreign exchange it now uses to buy diesel from neighbors.
Kenya plans to spend as much as $15 billion boosting electricity production fourfold over the next 40 months to help accelerate growth in East Africa’s biggest economy, Energy Minister Davis Chirchir said.
The deadliest attack by Islamist militants in 15 years in Kenya is threatening tourism, the nation’s second-biggest source of foreign income, as the industry battles to rebound from a series of setbacks this year.
Four people were killed in Kenya in riots that broke out after gunmen murdered a Muslim preacher associated with an assassinated recruiter for the Somali Islamist group, al-Shabaab, the police and Kenya Red Cross said.