Business
How Finance Bill 2024 Cost Kenya Ksh.131 Billion Funding from IMF
August 28, 2024
How Finance Bill 2024 Cost Kenya Ksh.131 Billion Funding from IMF
The decision to do away with the Finance Bill 2024 cost Kenya Ksh.131 billion – according to US Ambassador to…
Meg Whitman Responds to Ruto Claiming Ford Foundation Funded Kenyan Protests
August 28, 2024
Meg Whitman Responds to Ruto Claiming Ford Foundation Funded Kenyan Protests
U.S Ambassador to Kenya Meg Whitman has rubbished claims by President William Ruto that American-based Ford Foundation funded the June-July…
Kenya Bans Export of $3.87 Million Raw Veneer Materials
August 27, 2024
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,…
Kenya Pensions Industry Plans SPAC to Tackle State Pending Bills
August 27, 2024
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…
Liberia to Receive $209 Million Facility After Date with IMF
August 27, 2024
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…
Oil Prices Steady After Recent Surge on Middle East Tensions, Libyan Supply Concerns
August 27, 2024
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…
Nigeria’s Economy Grows by 3.1% Helped By Oil Outputs
August 27, 2024
Nigeria’s Economy Grows by 3.1% Helped By Oil Outputs
Nigeria’s economy grew 3.19% in the second quarter of 2024 compared with the same quarter last year, lifted by higher…
Malaysian PETRONAS Sues South Sudan Over Alleged Blocked Asset Sale and Takeover
August 27, 2024
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…
Family Bank Pre-Tax Profit up 15.4% to Ksh.2.3 Billion in H1 2024
August 27, 2024
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%…
Denmark Shuts Down Embassies in Mali, Burkina Faso
August 26, 2024
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…