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Clinton presses Rwanda, DRC leaders on border crisis
U.S. Secretary of State Hillary Clinton pressed the presidents of Rwanda and the Democratic Republic of Congo to resolve a conflict over rebels in eastern Congo whose military advances have stoked tensions in one of Africa's most volatile regions. Clinton sat down with Rwandan President Paul Kagame and Congolese President Joseph Kabila in New York on Monday, delivering a firm message to both that steps must be taken to resolve the crisis, a senior U.S. official said on Tuesday. Clinton's unadvertised meeting, her first joint session with the two feuding African leaders, was aimed at underscoring U.S. concern over the M23 rebel group, which the Democratic Republic of Congo (DRC), the United States and U.N. experts have all said are receiving support from neighboring Rwanda. "The secretary sent a signal of our concern over what is happening in the region, and the need for both of these leaders to find a way to defuse tensions," said the U.S. official, speaki...
Kenya inflation seen down in October, fuel prices a worry
Kenya's year-on-year inflation is expected to fall for the 11th month running in October, helped by a better harvest easing food prices but offset to some extent by rising fuel costs. Despite the signs that inflation could be close to bottoming out, analysts think the central bank has scope to keep easing interest rates as attention shifts to supporting economic growth. Eight out of 11 analysts polled by Reuters predicted inflation would decline in October, with a median estimate of 4.88 percent, down from 5.32 percent in September. Forecasts ranged from 3.60 percent to 6.00 percent. The data is due on October 31. "Inflation is nearing the bottom in the current cycle. While fuel price increases may dampen the downward pressure on inflation, low food inflation is still likely to over-ride them," said Mbiyo Phumelele, head of macroeconomic research at CFC Stanbic Bank. Kenya's Energy Regulatory Commission raised pump prices for the second straight month during ...
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