Business

Uganda Agrees to Resolve Fuel Import Feud With Kenya

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

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

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%

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

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

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

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

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

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

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…
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