WEEKAHEAD-AFRICA-FX-East African currencies seen firm, Zambia’s weak

LUSAKA, Nov 14 (Reuters) – Kenyan, Ugandan and Tanzanian currencies are expected to strengthen in the coming week as Zambia’s weakens. KENYA The Kenyan shilling is seen firm in the coming week due to dollar inflows from foreign investors buying stocks and government debt, subduing dollar demand from merchandise importers, traders said. Commercial banks quoted

Tanzania says gunmen kill 6 in ambush near Mozambique border

DAR ES SALAAM, Nov 13 (Reuters) – Unknown gunmen killed six farmers near Tanzania’s southern border with Mozambique, a senior police official said on Wednesday, amid growing concerns over Islamist militants in a poor region where foreign companies are developing gas deposits. The ambush on Tuesday night, on an island in the Ruvuma River that

REFILE -Uganda charges 67 after raid on gay bar

(Removes extraneous letters from headline) By Lydia Namubiru KAMPALA, Nov 12 (Thomson Reuters Foundation) – A Ugandan court charged 67 people with causing a nuisance on Tuesday after they were arrested in a gay-friendly bar, in a move condemned by activists as the latest “homophobic” attack. The 67 – who were among 127 arrested at

UPDATE 2-Kenya’s Equity nine-month pretax profit jumps on lending boost

(Adds analyst, quotes, background) By Omar Mohammed NAIROBI, Nov 12 (Reuters) – Kenya’s Equity Group reported on Tuesday that its nine-month pretax profit rose to 24.78 billion shillings ($242.11 million) as it overcame the effects of an interest rate cap that slowed economic growth. Net interest income over the period was 32.29 billion shillings, up

Congo army kills leader of splinter Hutu militia group

KINSHASA, Nov 10 (Reuters) – Congolese forces have killed the leader of an offshoot of a Hutu militia in the restive east of the country, the army said on Sunday, two months after killing the leader of the main faction. Juvenal Musabimana led a splinter group of the Democratic Forces for the Liberation of Rwanda

Hong Kong faces 24th weekend of protest after student’s death

HONG KONG (Reuters) – Hong Kong protesters are planning a 24th straight weekend of pro-democracy rallies, including inside shopping malls across the Chinese-ruled city on Sunday, some of which have started peacefully in recent weeks and descended into violent chaos. An electricity switch box explodes as it was set on fire by protesters, after Chow

Vodacom Tanzania’s H1 core earnings rise on M-Pesa, data revenue

DAR ES SALAAM, Nov 8 (Reuters) – Vodacom Tanzania’s core earnings rose 9.3% in the six months to the end of September, driven by increased revenue from its financial and data provision services, it said on Friday. Tanzania’s biggest telecoms operator, which is partly owned by South Africa’s Vodacom, said revenue from its M-Pesa financial

WEEKAHEAD-AFRICA-Bank stock investors seen supporting Kenyan shilling

NAIROBI, Nov 7 (Reuters) – The Kenyan shilling is expected to firm as offshore investors buy banking stocks after the government lifted a cap on lending rates, boosting dollar supplies. KENYA The Kenyan shilling could strengthen in the coming week, supported by dollar inflows from investors abroad buying bank shares on the stock market, after

UPDATE 1-Uganda aims for Q1 investment decision on oil pipeline – minister

(Recasts, adds quotes, information on tax dispute) CAPE TOWN, Nov 6 (Reuters) – Uganda’s Energy Minister Irene Muloni said on Wednesday she is optimistic the government can resolve a tax dispute with oil companies in time to get first oil flowing by 2023. Muloni said she expected a final investment decision (FID) from oil companies

Uganda police detain journalists protesting rights violations

KAMPALA, Nov 4 (Reuters) – Eight Ugandan journalists were detained on Monday as they marched in the capital Kampala to protest what they said were police abuses, including beatings and detentions, during coverage of student protests last month, a rights group official said. The alleged abuses took place for several days starting on Oct. 22