(Update1) Pirates operating off Somalia’s coast
are holding 11 ships and 264 sailors, said Rear Admiral Peter
Hudson of the U.K.’s Royal Navy, commander of the European
Union’s anti-piracy mission.
Kenya's shilling firmed against the dollar on Tuesday and traders said the market was turning its attention to politics with the expected arrival of the 2008 peace mediator in town this week.
Wildlife officials here Monday displayed more than half a tonne of recently-seized ivory, reflecting a rise in poaching they said was prompted by the controversial sale of stockpiled tusks last year.
NAIROBI, Kenya (AP) — Somali pirates seized a tanker carrying crude oil from Saudi Arabia to the United States in the increasingly dangerous waters off East Africa.
Kenya's shilling recouped some of the previous session's losses against the dollar on Monday and traders predicted it would play within a tight range in the days ahead.
The Kenyan shilling weakened sharply on Friday in a fall traders said was triggered by banks covering short positions and offshore selling of the Kenyan currency due to concerns over Dubai's debt problems.
Kenya's economy was far stronger in November than two months earlier, but banks were unlikely to cut commercial lending rates this year because they wrongly perceived a high default risk, the central bank said on Friday.