Business

Kenya Bans Export of $3.87 Million Raw Veneer Materials

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

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

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

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

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

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

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

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…
Libyan Central Bank Standoff Deepens as Governor Won’t Back Down

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…
Absa Kenya After Tax Profit Up 29% to Kshs.10.7 billion in H1 2024

Absa Kenya After Tax Profit Up 29% to Kshs.10.7 billion in H1 2024

Absa Bank Kenya PLC has reported a profit after tax of Ksh.10.7 billion for the half year ended 30 June…
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