Asian markets were mixed on Monday as investors digested reports in US media late last week that president Donald Trump is mulling severe new restrictions on investment in China. Despite assurances from the US treasury that there were no plans to stop Chinese companies from listing on US
Dozens of world leaders, including Russian President Vladimir Putin, are expected in Paris on Monday to pay their final respects to France's late President Jacques Chirac as the country holds a National Day of mourning for its popular former head of state. Putin and other world leaders were to join President Emmanuel Macron for a church service in the French capital, a day after
After weeks of delays Zimbabwe's former ruler Robert Mugabe was finally buried over the weekend, closing a battle between the state and his family over the fate of his remains. Mugabe was buried at the weekend in a low-key private ceremony at his natal village. But the decision
Global fast-fashion retailer Forever 21 said it was filing for voluntary bankruptcy Sunday, the latest US brick-and-mortar chain to embark on restructuring as shoppers migrate online. The move will see the retailer close up to 350 of its stores worldwide, including up to 178 in its main US
Kenya’s foreign currency reserves fell further last week past the 9 billion US dollars mark. According to latest weekly update by the Central Bank of Kenya, the CBK usable foreign exchange reserves dropped to 8.9 billion US dollars equivalent to 932.6 billion shillings, as at September 26. This denotes a
The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced to the cash-strapped retailer. The directive by the court dated September 27 sits as a pre-cursor to the full acceptance of the supermarket’s Company Voluntary Agreement
Kenya and Cote d’Ivoire have emerged top globally on the Trade20 index having most rapidly improved their trade growth potential over the past decade. According to a new report by Standard Chartered, Cote d’Ivoire takes the lead trailed by Kenya at number two but at
Giant telco Safaricom has re-asserted itself as the supreme operator outpacing arch rival Airtel in growing its customer base between April and June 2019. The disclosure contained in the Communications Authority (CA) quarterly statistical bulletin on gross customer subscriptions ends Safaricom’s bleeding of its gigantic market share to rival Airtel
Betting firm Betin has fired its entire staff over what it termed as unconducive regulations by the Kenyan government for it to steer operations in the market. According to Betin, attempts to find an alternative between July and September this year have been futile making it financially
