Economy

German outdoor power tools manufacturer The Stihl  Group is set to establish its East African hub in Kenya. The subsidiary dubbed Stihl East Africa will be servicing clients in Kenya, …

Hotel owners could soon face a hefty interest fee if they don’t repay the loan they secured from commercial banks as part of the stimulus package put forth by the …

Khat exporters in Ethiopia facing a business slowdown following a new deal signed between the governments of Kenya and Somalia. Ethiopia had a comparative advantage for the last two years …

Kenyans head to elections on Tuesday with business leaders upbeat about a peaceful political transition and no major disruptions to the economy, a departure from the fear of downturns associated …

Panic shopping set in across Nairobi from last Friday as Kenyans braced for a hotly contested presidential polls election Tuesday. Despite government assurances that on August 9 will cause no …

Morocco’s national unemployment rate edged slightly down by 1.6% at the end of the first half of 2022, according to data from Morocco’s Higher Commission of Planning (HCP).  Unemployment currently …

The South African Federation of Trade Unions (Saftu) has announced that it will embark on a national strike across South Africa protesting against the rising costs of living, load shedding, …

The government of Kenya has given assurance that there will be enough maize flour, commonly known as unga, on the shelves in the coming days. Speaking to the press in …

The National Bank of Kenya (NBK) has secured Sh1.2billion from impact investor, Water Equity, to enhance financing to public and private water utility companies and micro, small, and medium-sized enterprises. …

Tea prices at the weekly Mombasa auction dipped slightly this week amid decreased demand for the commodity. At this week’s auction, a kilo averaged USD2.20(Sh262.13) up from USD2.22(Sh264.51) last week. …