The value of fish imported from China grew by 25 per cent to hit a historic high of Sh2 billion last year amid rising disquiet from local traders who have …
Economy
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Nigeria, Binance in early-stage talks for the first virtual free zone in west Africa
The Nigeria Export Processing Zones Authority (NEPZA) is in discussions with crypto exchange Binance and technology infrastructure company Talent City to create a digital city, referred to as a “Virtual …
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Egypt Prepares for Flagship United Nations (UN) Climate Conference
Regional authorities in Egypt, the host country of the 2022 UN climate conference (COP27), are ramping up initiatives designed to improve the country’s environmental credentials, and speed up its transition …
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Egypt set to resume government IPO program
The Egyptian government is preparing to relaunch the initial public offerings (IPOs) program to offer state-owned companies on the Egyptian Exchange (EGX) said Minister of Finance Mohamed Maait. This announcement …
The Kenya Revenue Authority (KRA) has moved to court accusing Keroche Breweries of failing to honor tax payment agreements which informed the reopening of the brewer in July. According to …
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Kenya Power has locked banks and third party vendors from selling tokens
Kenya Power has dashed commercial banks and other third parties’ hopes of renegotiating fresh contracts to sell prepaid electricity tokens, in a decision that will restrict the lucrative deal to …
- AfricaAFRICA NEWSAgricultureBusinessEconomyNewsSouth AfricaSouthern Africa
China lifts 5-month-long ban on wool imports from South Africa
China has lifted its 5-month-long ban on wool products importation from South Africa. The ban, which began in April, was occasioned by the outbreak of foot-and-mouth disease (FMD) in three …
- AirtelBanking, Finance & InvestmentEastern AfricaEconomy
Kenya’s Third GDP is handled by Mobile money agents in six months
One in every three shillings spent by consumers, businesses, and the government in Kenya in the first six months of the year moved through mobile money, cementing the country’s position …
- Eastern AfricaEconomyOil & Gas
Total Energies Kenya H1 Profit Declines by 55pc On High Cost Of Crude Oil and Weak Shilling
Total Energies Kenya has reported a 55 per cent drop in earnings for the half year ended June 30 attributed to the high cost of crude oil globally and a …
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Cashbuild exits Zambian market over tough trading condition
Cashbuild, the largest retailer of building materials and associated products operating in South Africa, Namibia, Lesotho, Botswana, Swaziland, Malawi, and Zambia is closing its two underperforming stores in Zambia, over …