Global economists have marginally upgraded Kenya’s growth outlook for this year following the peaceful conclusion of a closely-contested presidential vote despite soaring cost of living and mounting public debt stress. …
Economy
The chief executive of the Rural Electrification and Energy Corporation (REREC) Peter Mbugua is among top managers at the State corporation who have been suspended over fake surveys estimated to …
Morocco’s nuclear safety agency, AMSSNuR is joining forces with the International Atomic Energy Agency (AIEA) to boost Africa’s know-how on nuclear safety. Through a series of training sessions, AMSSNuR and …
- BusinessEconomyFood ProductionKenya
Fish imported from China hit Sh2bn and controls by 83pc of market
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 …
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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 …
- AfricaAFRICA NEWSBusinessEconomyEgyptEnergyNewsNorth AfricaNorthern Africa
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 …
- AfricaAFRICA NEWSBusinessEconomyEgyptNewsNorth AfricaNorthern Africa
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 …
- Banking, Finance & InvestmentEconomyEnergyKenya News
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 …