Lawrence Baraza
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Kenya
Kenya Bans Export of $3.87 Million Raw Veneer Materials
Environment Cabinet Secretary Aden Duale has ordered an immediate ban on the export of raw veneer materials. This, Duale said,…
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Kenya
Kenya Pensions Industry Plans SPAC to Tackle State Pending Bills
Kenyan pension funds are in talks to acquire a portion of the government’s overdue payments to some contractors and service…
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Northern Africa
Liberia to Receive $209 Million Facility After Date with IMF
The International Monetary Fund (IMF) reached a staff-level agreement for Liberia on a new 40-month extended credit facility arrangement for…
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Commodities
Oil Prices Steady After Recent Surge on Middle East Tensions, Libyan Supply Concerns
Oil prices steadied on Tuesday following an uptick of more than 7% over the previous three sessions, driven by concerns…
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East Africa
Malaysian PETRONAS Sues South Sudan Over Alleged Blocked Asset Sale and Takeover
Malaysian oil and gas giant Petroliam Nasional Bhd. (PETRONAS) has filed a lawsuit against South Sudan, accusing the government of…
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Corporate
Zuckerberg Admits Pressure from Biden Admin to Censor COVID-19 Content
Mark Zuckerberg, the founder, chairman CEO of Meta, addressed the company’s controversial role in moderating content related to COVID-19 during…
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Corporate
Family Bank Pre-Tax Profit up 15.4% to Ksh.2.3 Billion in H1 2024
Family Bank Group has posted a Ksh.2.32 billion Profit Before Tax in the first six months of 2024 a 15.4%…
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Northern Africa
Denmark Shuts Down Embassies in Mali, Burkina Faso
Denmark has announced the closure of its embassies in Mali and Burkina Faso citing the “severely limited scope for action…
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Northern Africa
Libyan Central Bank Standoff Deepens as Governor Won’t Back Down
Libya’s embattled central bank governor clung on against attempts to oust him, deepening a more than week-long standoff between rival…
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Kenya
S&P Downgrades Kenya’s Rating to B-
S&P Global Ratings downgraded Kenya’s credit score after the government nixed controversial tax hikes meant to address fiscal imbalances. The…
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