Business
Uganda Agrees to Resolve Fuel Import Feud With Kenya
February 27, 2024
Uganda Agrees to Resolve Fuel Import Feud With Kenya
President William Ruto has resolved to end the biting fuel import feud with Uganda, a problem which was going to…
KRA Forgives Ksh.209 Billion in Penalty for Kenyan Taxpayers
February 27, 2024
KRA Forgives Ksh.209 Billion in Penalty for Kenyan Taxpayers
Over 200,000 taxpayers have benefited from a tax amnesty program, amounting to Ksh.209 billion in waived penalties. The waiver programme…
Showmax Overtakes Netflix as Africa’s Preferred Streaming Platform
February 27, 2024
Showmax Overtakes Netflix as Africa’s Preferred Streaming Platform
South African streaming service Showmax has claimed the top spot in Africa’s streaming landscape, to beat the once-dominant Netflix. Latest…
Greenleaf Tea Production boom sees Farmers profits Up 15.2%
February 27, 2024
Greenleaf Tea Production boom sees Farmers profits Up 15.2%
Smallholder tea farmers under the Kenya Tea Development Agency (KTDA) have reported substantial growth in the production of Greenleaf. KTDA…
Italy Unveils $5.9 Billion for Migration Control from Africa
February 26, 2024
Italy Unveils $5.9 Billion for Migration Control from Africa
Italy has unveiled a $5.95 billion in what it calls “Mattei plan” to prevent Africans migrating to Europe – a…
Oil Prices Down 0.6% to $81 Per Barrel
February 26, 2024
Oil Prices Down 0.6% to $81 Per Barrel
Oil prices fell on Monday, extending losses on market views that higher-than-expected inflation could delay cuts to high-interest rates that…
Tanzania Sets Date to Commission Electric Train
February 26, 2024
Tanzania Sets Date to Commission Electric Train
The Tanzania Railways Corporation (TRC) began its inaugural trial journey of the electric Standard Gauge Railway (SGR) train from Dar…
Tanzania’s New 567 KMs SGR Connecting DR Congo To Beat Kenya’s
February 26, 2024
Tanzania’s New 567 KMs SGR Connecting DR Congo To Beat Kenya’s
The Tanzanian government, on February 23, 2024, signed a financing agreement with the African Development Bank (AfDB) worth TSh.231.3 billion…
Why Kenya Shilling is Volatile Against Dollar Despite Gains
February 26, 2024
Why Kenya Shilling is Volatile Against Dollar Despite Gains
The Kenya Shilling has strengthened against the US Dollar, rebounding from a 1% decline last Friday. Data from the Central…
Safaricom Investment Co-operative Approves Ksh.142.4Mn Rebate Payout
February 26, 2024
Safaricom Investment Co-operative Approves Ksh.142.4Mn Rebate Payout
Safaricom Investment Co-operative shareholders have given the nod to a Ksh. 142.4 million rebate payout. This follows the announcement of…