UPDATE 1-Kenya opens $1.5 bln Chinese-built railway linking Rift Valley town and Nairobi

(Recasts lead, changes dateline, adds quotes) By Duncan Miriri NAIVASHA, Kenya Oct 16 (Reuters) – Kenya’s opened a $1.5 billion Chinese-built railway line linking Nairobi to Naivasha on Wednesday, despite delays in building an industrial park in the Rift Valley town to encourage freight. The extension links to another Chinese funded and built $3.2 billion

UPDATE 1-Acacia Mining says Barrick offer undervalues the company

(New throughout, adds current deal value, updates share prices) By Noor Zainab Hussain and Nichola Saminather June 24 (Reuters) – Acacia Mining on Monday strongly disagreed with majority shareholder Barrick Gold Corp’s valuation of the company, saying Barrick’s proposal undervalued its life of mine plans and appears to have ignored the value of its exploration

Home market still a dream for African carmakers

* Home-grown carmakers hope for slice of huge African market * Global car giants also making a push in Africa * Local firms face same obstacles but lack finance, infrastructure By Duncan Miriri NAIROBI, April 12 (Reuters) – Since its launch in 2014, Mobius Motors, Kenya’s only home-grown automaker, has only produced around 50 test

UPDATE 3-Ophir agrees to be bought by Indonesia’s Medco in a sweetened bid

(Adds Ophir statement on earlier offer from Coro) By Shubham Kalia March 20 (Reuters) – London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer. Under the terms,