Markets
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Total declares force majeure on Mozambique LNG project, withdraws staff after insurgency
French energy company Total has declared force majeure on its Liquefied Natural Gas (LNG) project in Mozambique. In a statement,…
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Safaricom to submit bid for Ethiopia telco license
East Africa’s giant telecommunication company Safaricom has announced plans to bid for a telecommunications license in Ethiopia. The bid will…
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Remittances to Kenya up 27% to Ksh.31 bn as US tops source list
The United States remains the largest source of remittances into Kenya, accounting for 55.9 percent of remittances in March 2021…
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President Kenyatta commends Equity Bank for growing Africa’s economic freedom
By PSCU | President Uhuru Kenyatta has commended Kenya’s Equity Bank for its growing continental presence saying the financial institution’s…
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Kenya Airways, Congo Airways ink deal on final day of Uhuru’s visit to DRC
By PSCU | President Uhuru Kenyatta and his Congolese host Felix Tshisekedi on Thursday witnessed the signing of a partnership…
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Kenyan shilling depreciates slightly against U.S Dollar
The Kenyan Shilling has depreciated slightly for a second trading session against the United States Dollar. This coming on the…
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Chase Bank assets to be sold off to pay existing debts
The Central Bank of Kenya (CBK) has approved the liquidation of Chase Bank. This means the lender’s assets will be…
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Oil prices jump as U.S Inventories drop
Oil prices surged on Wednesday after data showed a hefty drop in the United States Crude stockpiles. The west texas…
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Why EPRA chose to leave fuel prices unchanged
Fuel prices in the country will remain unchanged in the latest fuel review. In a statement by the Energy and…
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Cosmetics company BeautyClick eyes NSE listing
Africanhair PLC, trading as BeautyClick, a beauty e-commerce company has announced its intention to raise new equity by listing at…
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