Bloomberg Family Bank Ltd., a closely-held Kenyan lender, plans to raise 4 billion shillings ($40 million) in a share sale to existing investors by June that will be used to fund an East African expansion. The company wants to make a “cautious entry” into markets in the region over the next year, outgoing Managing Director Peter Munyiri told reporters ...

  WASHINGTON / AP U.S. homebuilders’ confidence held steady in April, reflecting an overall optimistic outlook in the market for new homes even as a gauge of current sales fell slightly. The National Association of Home Builders/Wells Fargo builder sentiment index released was unchanged at 58. It hasn’t budged in three months. Readings above 50 indicate more builders view sales ...

  WASHINGTON / AP A rising number of Americans are preparing to renovate their homes this year, a potential boost for the economy, according to projections released by Harvard University’s Joint Center for Housing Studies. The report estimates that spending on remodeling and repairs will climb 8.6 percent this year to $310 billion. The gains would bring renovations close to ...