Month: June 2022
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Markets
Bitcoin tumbles 9% to Ksh.2.7 million
The price of Bitcoin tumbled 9 percent to Ksh.2.7 million (US$.24,000) last figures last seen in December 2020. Some crypto…
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Markets
Major crypto lender freezes withdrawals as markets tumble
Major U.S. cryptocurrency lending company Celsius Network on Monday froze withdrawals because of “extreme market conditions,” in the latest sign…
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Economy
U.S. inflation rises to 8.6% year on year in May
The U.S. Labor Department on Friday reported that the consumer price index rose to 8.6% in May from the same…
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Economy
Report: Over one million children acutely malnourished in Kenya
Close to one million children aged 6-59 months are acutely malnourished according to the National Drought Management Authority (NDMA) in…
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Economy
South Africa’s oldest private airline, Comair, permanently grounded
Comair, South Africa’s oldest private airline, will stop operations permanently after its bankruptcy protection lawyers filed an application to liquidate…
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Commodities
Tanzania signs Ksh.3.5 trillion natural gas project with Shell for export
Tanzania has signed a framework agreement with Norway’s Equinor and Britain’s Shell for the construction of a Ksh.3.5 trillion project…
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Agriculture
U.S steps up efforts to deter Russia’s invasion of Ukraine as world stares at food crisis in years
The United States is stepping up efforts to deter Russia’s invasion of Ukrane three months on, a situation that has…
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Opinions
Using entrepreneurship and working with the private sector, governments can end the unemployment crisis in Africa
There can be no doubt that the events of the past two years have had a devastating impact on the…
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Markets
Inflation worries send global stock markets to two-week lows
World stocks hit a two-week low on Friday as rate hike guidance from the European Central Bank and jitters over…
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Health
Uganda receives batch of medics from China to improve its health system
China has sent another batch of medical workers to Uganda to help the African nation fight against various diseases and…
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