Economy

Following the port embargo on its fishing vessels, Russia has opted to repair its fishing boats in Casablanca port instead of Las Palmas. The head of the representative office of …

The Auditor-General has flagged Sh2.5 billion worth of irregular spending at Kenya Power in the year to June, including an expenditure of Sh1.2 billion to cover salaries without the approval …

Mastercard and Cellulant have partnered to allow Cellulant customers across Africa to shop and pay online with global merchants wherever Mastercard is accepted. The Mastercard virtual payment solution, linked to …

The National Hospital Insurance Fund (NHIF) has revived a controversial law seeking to have workers earning more than Sh100,000 per month pay more in monthly contributions, signaling a heavier financial …

Small businesses will access affordable funding after the Capital Markets Authority (CMA) gazetted a new crowdfunding regulation. The Capital Markets (Investment-Based Crowdfunding) Regulations 2022 is pursuant to Section 12 (1) …

James Maina, a tea farmer in Muranga county in Kenya is a distraught man. Maina has been a farmer since the 1990s, his farm has earned him enough to school …

A total of 406 acres of tobacco farms in Migori County have been transformed alternative crops by tobacco growers. The Tobacco Free Farms Project started in 2021 with 370 acres …

Ethiopian Airlines has requested the government to raise its paid up capital to 300 billion birr, a three-fold increment from the current 100 billion birr. The group’s fast-growing asset and …

The Ethiopian Commodity Exchange (ECX) is in the process of starting to facilitate the trading of wheat on its floor. The crop will return to the Exchange’s trading floor after …

Electricity prices have risen for the second month in a row, attributed to high oil prices and a weak shilling. The Energy and Petroleum Regulatory Authority (EPRA) on Friday increased …