- Egypt has emerged as the major supplier of oil to Saudi Arabia. This month, Saudi will take 3.2 million barrels of the power-station fuel from the northeast
- The pace of Thailand’s economic recovery, spurred by more tourism, is giving the country’s central bank more scope to raise interest rates to fight inflation,
- In this article we will explore some of the initiatives both financial and non-financial that Absa Bank Kenya has put in place to help the SMEs thrive in the
- The Central Bank of Kenya(CBK) has floated an 18-year Infrastructure bond worth KSh 20 billion that has been on sale between 28th June 2022 and 7th July 2022
- Kenyan fintech startup Odibooks has launched an accounting platform that allows SMEs to automate and manage all of their business financial processes.
- Airbnb has announced plans to permanently ban parties in homes listed on its platform after seeing a sharp drop in reports of unauthorized gatherings since
- The latest figures from the Zimbabwe National Statistics Agency show that the country’s annual inflation rate reached 191% in June from 132% in May, a 30.7%
- Kenya’s newly-built Nairobi Expressway has been nominated for the “transportation infrastructure of the year award” at the inaugural Afrika Mashariki Awards,
- Uganda has made an about-turn and relaxed the tough import conditions it has set for vehicles aged over nine years entering its market from July, dealing a
- Kenya-based multinational companies with a minimum gross turnover of Sh95 billion will be compelled to disclose their financial information-Finance Act 2022.
- BAT Uganda has called for enhanced action against illicit trade in Uganda, following a report indicating that the illicit cigarette trade in the country
- South Africa is being hit by the worst power outages in more than two years. The state electricity company contends with multiple plant breakdowns after
- Absa Bank Kenya has partnered with financial and payment cards company Visa to launch a domestic and cross-border remittance service that will allow seamless
- Kenyan fintech startup Kyanda, a money transfer app that aims to help users make all sorts of transactions at as low a cost as possible, has launched
- Telkom Kenya has partnered with Buy-Now-Pay-Later company Lipa Later, to launch a product financing program that will see customers acquire smartphones via
- The Capital Markets Authority(CMA) has put Limuru Tea under intense scrutiny after its minority shareholders filed a court petition stopping the regulator
- Base Titanium has announced plans to make a capital expenditure of KSh3.3 billion at a new mining site on its Kwale operation, extending the life of the
- NOCK( National Oil Corporation of Kenya) has clinched a deal to ship cheaper fuel products from Saudi Arabia as the Government seeks to protect consumers from
- Olympia Capital Holdings Limited has recorded a net profit of KSh 17,496,000 for the financial year ended 28th February 2022. This is compared to a net loss
- Jennifer Karina, who was appointed as Kenya Reinsurance Corporation Limited Board of Directors Chairperson in July 2021, has retired after serving in that
- Pesapal Uganda has received a nod from the Bank of Uganda to operate as a Payment System Operator. The firm's Uganda Country Director Martin Barungi said with
- Tanzania has increased the cost of export permits by 93 per cent, a move likely to open another round of trade dispute between Nairobi and Dar es Salaam.
- Equity Group, CFAO Kenya Ltd, and CFAO Agri Limited-the agribusiness division of CFAO Kenya- have entered into a deal that will among others see farmers
- The Kenya Revenue Authority (KRA) is banking on its new Tax Invoice Management System (TIMS) to increase VAT collections to 35 per cent of total tax revenue,
- Libya’s state oil company said it may suspend exports from the Gulf of Sirte, which contains many of the OPEC member’s main ports, in the next three days amid
- Safaricom lost 438,797 subscribers in the first three months of this year on the back of a SIM card registration directive issued by the industry regulator,
- Safaricom lost 438,797 subscribers in the first three months of this year on the back of a SIM card registration directive issued by the industry regulator,
- The Nairobi Securities Exchange(NSE) recorded a significant decline in daily equity turnover on the first day of this trading week to KSh 515.6m compared to
- The UK has agreed to guarantee $2 billion of the debt the African Development Bank (AfDB) has extended to African governments, allowing the lender to free up
- Russia has defaulted on its foreign-currency sovereign debt for the first time since 1918, a result of the ever-tougher Western sanctions that shut down
- French sovereign wealth fund, Proparco has partnered with Mauritius's IBL Group, and DEG, a subsidiary of German KfW Group, to jointly acquire a 40% stake in
- The weekly Mombasa Tea Auction held on 20th, 21st, and 22nd June 2022 had 13.5 million kilograms of tea offered for sale. The amount on offer increased from
- Kenya Shilling at 117.57 per US dollar on June 23th, compared to 117.29 per US dollar on June 16th 2022, a weekly bulletin from the Central Bank of Kenya(CBK)
- Jubilee Allianz General Insurance and Allianz Kenya have received a nod from Insurance Regulatory Authority(IRA) to merge their general insurance businesses.
- Vienna has come top as the most liveable city in the World for the third time in the past five years, according to rankings by the Economist Intelligence
- In the quarter to March, mobile users spent 1.6 minutes on on-net calls and a minute on off-net calls on average. This was a drop compared to the previous
- Tanzania’s biggest gas dealer Taifa Gas has been licensed to set up a gas plant and storage facilities at a site in Dongo Kundu near the port of Mombasa to
- Kenya will begin rehabilitating the 127-kilometre Voi-Taveta metre gauge railway line to serve the Kenya Ports Authority’s inland container depot at Taveta on
