Economy

The United States is demanding that the Kenya Revenue Authority (KRA) spy on American firms and investors for money laundering and tax evasion as a condition for a trade deal …

The International Monetary Fund (IMF) has approved a 40-month $1.04 billion credit facility to Tanzania to catalyze growth and withstand spillover effects from the war in Ukraine. Following the approval …

The Kenya Revenue Authority(KRA) has moved to court to set aside a High Court order directing the re-opening of Keroche Breweries Limited. The High Court on July 15 ordered KRA …

Investors’ wealth at the Nairobi Securities Exchange (NSE) plunged Sh95 billion as local traders raced to profit from stocks bought cheaply a month ago. The NSE’s market capitalization closed at …

The International Monetary Fund (IMF) has approved USD 235.6mn (Sh28 billion)  loan which will be directed towards budgetary support, to improve governance and support broader economic reforms. This becomes the …

Aero Contractors, Nigeria’s oldest flight operator, has temporarily suspended flight operations due to what it has described as harsh operating environment. The suspension, according to a statement by the airline, …

Italian multinational oil and gas company, Eni has commenced production of the first Kenyan vegetable oil for bio-refineries at its oilseed collection and pressing plant in Makueni. The agrihub will …

Kenya’s population is expected to reach 84.7 million by 2050 and grow to 112.4 million people by 2100 according to data from the UN Department of Economic and Social Affairs. …

The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday, as oil marketers in Nigeria maintained an increased pump price …

Saudi Arabia has said it would open its airspace to all air carriers, paving the way for more over flights to and from Israel. Reuters reported that the Middle East …