Foreign investor inflows buoy shilling gains

Elections 2013 are over and, as opined in the past, impacted by the US interests. As written in The Election Conundrum, the flurry of recent diplomacy and visits between London, Dubai, Qatar, Saudi Arabia, Bonn and Ankara indicate awareness of the ...

The shilling fell slightly yesterday, but traders said they expected renewed support for the currency on the back of dollar inflows from the tea sector and strong foreign demand for local equities. Commercial banks quoted the shilling at 83.75/95 to ...

By George Obulutsa NAIROBI (Reuters) - Kenya's main share index fell for a second straight session on Monday, dragged down by a further slide in power distributor Kenya Power's shares, while the shilling weakened slightly. Shares in electricity ...

By NAIROBI (Reuters) - Kenya's main share index snapped a seven session rally on Friday, dragged down by power stocks after the government rejected a proposed tariff increase by electricity distributor Kenya Power. The benchmark NSE-20 share index ...

Pivot Arts launches a new celebration of innovative theater, music and dance in unique and often historic spaces from June 6 - 22, 2013 throughout Chicago's Uptown and Edgewater neighborhoods. The inaugural PIVOT MULTI-ARTS FESTIVAL answers the ...

KARACHI: The people in different localities which fall under the constituency of NA-256, have co-existed in peace over the years despite the presence of multiple religious seminaries in the area. When the Shia community held their mourning ...

Few relationships among major powers have been transformed so comprehensively in recent years as that between India and the United States. Yet, there is a growing sense in both New Delhi and Washington that the much-heralded partnership has not ...

LAHORE, May 2: The PPP has questioned allowing Nawaz Sharif, Shahbaz Sharif and others to contest May 11 elections despite facing charges of receiving illegal money from intelligence agencies in 1990 elections. It is a sheer violation of articles 62 ...

As both worker and boss, Neeraj Gupta has profited from the H-1B U.S. immigration program. The visa, intended for skilled workers, allowed him to stay in the U.S. after earning a master's degree in electrical engineering from the University of ...