Tea prices at the weekly Mombasa auction rose slightly this week amid reduced demand for the second week running. At this week’s auction, a kilo averaged USD2.32(Sh280.49) up from USD2.27(Sh274.80) …
- EconomyKenya NewsOil & Gas
Kenya fails to strike deposits of oil and gas in the disputed area claimed by Somalia
Kenya has failed to strike oil and gas deposits in the coastal strip that has for years been at the Centre of an international border dispute with neighboring Somalia. Seismic …
- Banking, Finance & InvestmentBusinessEconomyKenya NewsMarkets
SBM sale revealed in court amid Sh11bn CBK support
Mauritian bank group SBM Holdings wants to sell its Kenyan subsidiary five years after entering the market through the buyout of Fidelity Bank that has continued to struggle despite receiving …
- AgricultureBusinessEconomyEthiopiaUncategorized
Amhara Region seeks one million daily laborers to harvest 6.9million quintals
One million daily laborers are required by the West Gondar Zone, which is a part of the Amhara Region, to harvest 6.9 million quintals this month. The call comes as …
- AfricaAFRICA NEWSBusinessEconomyEnergyGhanaWestern Africa
Ghana to leverage lithium discovery to manufacture solar batteries
The Ghanaian government intends to leverage the current discovery of lithium in parts of the country for the manufacturing of solar batteries. This is in line with the National Energy …
- AgricultureBusinessFinance & ServicesMorocco
Morocco’s OCP Partners With Italian Bedeschi for the storage fertilizer sulfur at phosbucraa
Morocco’s fertilizer giant OCP agreed on a deal which will see Italian engineering company Bedeschi operating as the group’s material handling partner for a new project. OCP seeks the expertise …
- BusinessEconomyMorocco
Morocco and Saudi Arabia Aim to Increase the volume of Trade to $5 billion dollar in the 5 years
Morocco’s Minister of Industry and Trade Ryad Mezzour, and his Saudi counterpart Majid bin Abdullah Al Qasabi, aim to increase the volume of trade to $5 billion dollars in the …
- Banking, Finance & InvestmentEthiopiaInsurance
Independent regulatory body to set free insurers from central bank’s shadow
The Insurance Supervision Directorate at the National Bank of Ethiopia (NBE) is set to become an independent insurance regulatory body separate from the central bank. It will evolve into a …
Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa2 from Caa1 and placed the ratings on review for downgrade. The rating downgrade to Caa2, …
- AviationBusinessEastern AfricaUncategorized
South African Airways Returns its Operations in Kenya After 2-Year Break
South African Airways (SAA) has resumed its operations in Kenya after shutting down for the last two years. The South-African national carrier has opened a new booking office in Yaya …