Business

Content Creators Arrested in Tanzania Over Suluhu Dissent

Content Creators Arrested in Tanzania Over Suluhu Dissent

Tanzania’s influential content creators, the duo known as Wachokonozi—consisting of Joseph Mrindoko (37) and Jackson Kabalo (32)—were forcibly taken from their home…
Oil Prices Soars to Record Level as Iran Warns US After Nuclear Sites Bombing

Oil Prices Soars to Record Level as Iran Warns US After Nuclear Sites Bombing

Iran said on Monday that the U.S. attack on its nuclear sites expanded the range of legitimate targets for its…
Heineken Loses Operational Control of Facilities in DRC

Heineken Loses Operational Control of Facilities in DRC

Heineken has lost operational control and withdrawn its staff from its facilities in conflict-affected areas of eastern Democratic Republic of…
Kenyan Shilling Holds Steady at 129 Levels as Forex Reserves Hit Record High

Kenyan Shilling Holds Steady at 129 Levels as Forex Reserves Hit Record High

The Kenyan shilling remained unchanged against the U.S. dollar on Friday, maintaining Thursday’s levels, according to data from the London…
Dangote $29 Billion Refinery Makes First Fuel Export to Asia 

Dangote $29 Billion Refinery Makes First Fuel Export to Asia 

Africa’s richest man, Aliko Dangote is preparing to export Nigeria’s first fuel shipment to Asia, in what is seen as…
Investor Wealth at NSE Hits Ksh.180 Billion in Gains

Investor Wealth at NSE Hits Ksh.180 Billion in Gains

The Nairobi Securities Exchange (NSE) went on a bull run as investor wealth hit over Ksh.180 billion, with all major…
Equity Bank Places TransCentury, East African Cables Under Receivership

Equity Bank Places TransCentury, East African Cables Under Receivership

Equity Bank has placed investment firm TransCentury Plc under receivership and its subsidiary, East African Cables, under administration after the…
Banda Homes Placed Under Liquidation as Buyers Mount Pressure

Banda Homes Placed Under Liquidation as Buyers Mount Pressure

Embattled property developer Banda Homes has officially been placed under liquidation, bringing about a turn in a months-long saga of…
China’s Zhongman Petroleum Awarded Natural Gas Block in Algeria

China’s Zhongman Petroleum Awarded Natural Gas Block in Algeria

China’s Zhongman Petroleum and Natural Gas Group (ZPEC) said it won a tender to explore and develop a natural gas…
EADB, OPEC Fund Sign $40 Million Facility for SMEs in EAC

EADB, OPEC Fund Sign $40 Million Facility for SMEs in EAC

The East African Development Bank (EADB) has today formalized a US$40 million loan agreement with the OPEC Fund for International Development to…
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