Economy

Kenya spent 63.5 percent of tax collections in the first two months of the current financial year to repay its creditors, pointing to an elevated risk of debt distress. Debt …

Local agribusiness firm Kakuzi Plc has secured pre-shipment approvals from the Kenya Plant Health Inspectorate Service (KEPHIS) for its second fresh avocado shipment to China. The firm is expected to …

Central Bank of Kenya Governor Patrick Njoroge has urged members of the National Assembly to play an active role and deter debt accumulation in the country. Njoroge who spoke on …

The Bank of Ghana will sell a total of $420 million to Bulk Oil Distribution Companies via banks in the final quarter of this year, in its Foreign Exchange Auctions. …

The Dangote Sugar Refinery Plc has scaled up its social intervention programmes around host communities in Adamawa and Nasarawa States, where its Backward Integration projects are located.   The Group …

India’s ban on the export of broken rice and a 20% tariff imposed on exports of white and brown rice could lead to potential price hikes for South African consumers, …

The American rating agency FitchRatings announced earlier this week revising their price outlook for fertilizers upwards due to the continuing supply constraints and the expected recovery in demand. In its …

Kenyans are staring at more costly beer, juice, wine, water, and chocolates starting next month as the Kenya Revenue Authority (KRA) moves to implement the annual inflation adjustment of excise tax. The …

The Treasury has said Kenya will find it challenging to sustain reliance on multilateral lenders like World Bank Group for external funding, signaling a return of costly foreign loans in …

The global economy may face a recession next year caused by an aggressive wave of policy tightening that could yet prove inadequate to temper inflation, the World Bank said in …