Economy

Kune, a Kenyan food start-up founded by Frenchman Robin Reecht in 2020, has closed its doors after failing to raise Sh30 million from a French investor for operations amid rising …

Kenyan-based  cloud kitchen Kune foods has shut down operations barely a year after its launch with its founder and Chief Executive Officer Robin Reecht blaming the “economic downturn and investment …

The Nigeria Senate has passed the bill seeking to establish a National Youth Service Corps Trust Fund. The NYSC Trust Fund (Establishment) Bill was passed on Tuesday after its third …

President Muhammadu Buhari has risen to the defense of the Central Bank of Nigeria’s monetary policy actions despite the inflation rate at 17.7% and the Naira continuing to plunge in …

The Competition Authority has named the insurance industry as the top abuser of buyer power accounting for 72 percent of all cases investigated by the authority. This is an increase …

Sri Lanka has closed schools and halted all non-essential government services, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund (IMF) opened talks with Colombo on …

Absa is expecting a leap of more than 20% in its headline earnings per share for the six months to end June, against the first half of 2021. This was …

The Competition Authority of Kenya says it has facilitated the release of Sh38 million to 20 motor repairers and 18 motor vehicle assessors who were shortchanged by 18 major insurance …

The Nigerian government has increased its stake in Shelter Afrique, a pan African housing development financier, with about $7.15 million in additional capital subscription, moving its equity from 13.27 percent …

Kenya has begun importing maize to address a biting shortage that has left 3.1 million people in arid and semi-arid lands without enough food. Most of the maize consignment is …