Economy

The International Monetary Fund (IMF) cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy …

Foreign investor outflows at the Nairobi Securities Exchange surged more than six times to Sh10.8 billion in the quarter ended June 2022, as the foreigners sought safer investment destinations amid …

Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand. The …

New vehicle dealers recorded a marginal sales growth of 3.9 percent in the half year ended June, a performance they attributed to a wait-and-see posture by customers ahead of the …

Centum Investment Company shareholders are set to receive a Sh391 million dividend payout after the firm narrowed its losses by 2 per cent in the year ended March 2022. The …

Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand. Brent crude futures for September settlement …

Oman has flagged the source of liquefied petroleum gas (LPG) shipped into Tanzania, raising fears that some of the cooking gas used in Kenya could be from sanctioned countries, including …

Airtel Kenya has spent Sh4.7 billion to acquire an additional 60 MHz spectrum in the 2600 MHz band as it seeks to expand its mobile network coverage in the country. …

Tanzanian authorities on Sunday launched the cultivation of 11,453 hectares of block farms for the youth in the country’s central region of Dodoma. Hussein Bashe, the Minister for Agriculture, the …

The business climate in Germany worsened “significantly” in July, according to a key survey published Monday, as an energy crisis pushed Europe’s largest economy closer to a recession this year. …