Top commercial banks have started increasing lending rates by up to 1.1 percentage points after the Central Bank of Kenya (CBK) raised its benchmark interest rate by the biggest margin …
- BusinessGlobal NewsInformation TechnologyTechnology
Elon Musk confirms SpaceX’s funding of Ukraine’s Starlink service
Elon Musk said Space Exploration Technologies Corp. will continue to fund its Starlink broadband service in Ukraine in an apparent step back from seeking support from the US Defense Department. …
- BusinessEconomyINVESTMENTKenya NewsUncategorized
Kenya and Netherlands Sign MoU To increase Trade and investment Between The Two Countries
The Kenya Investment Authority (KenInvest) and the Netherland Business Hub (NLBH) have agreed to reinforce their collaboration towards increasing trade and investment between Kenya and the Netherlands. This has resulted …
- BusinessNigeriaTransportation & LogisiticsWestern Africa
Badagry Deep SeaPort to generate $53 billion within concession period, Sanwo Olu says
The Governor of Lagos State, Babajide Sanwo-Olu has said that the $2.9 billion Badagry Deep Seaport is expected to generate over $53billion within its concession period. Sanwo-Olu disclosed this in a …
Eskom has signed leasing contracts with four renewable energy companies to build new renewable energy facilities on land owned by the power utility. The four companies — HDF Energy SA, …
Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard. The electric …
- BusinessInformation TechnologySouth AfricaTechnology
Nvidia reverts launch of RTX 4080 12GB graphics card
Nvidia has scrapped a plan to launch a less powerful 12GB version of its RTX 4080 graphics card. Agreeing with what tech reviewers and critics have been saying in the …
- AmazonInformation TechnologyPoliticsSouthern Africa
Amazon Cape Town headquarters battles over speaker for First Nation Tribe
Amazon in it’ controversial R4.6 Billion development is experiencing a battle in Western Cape High Court over who can speak for a First Nations tribe. The development, at the confluence …
Tea farmers selling their produce to KTDA-managed factories recorded improved earnings in the July to mid-October period as volumes sold increased. Average prices for teas from KTDA-managed factories increased to …
Lagos State Governor, Mr. Babajide Sanwo Olu, has received approval to build the Badagry Deep Seaport which was approved by the Federal Executive Council in August. A statement signed by …