Kenya has moved up two positions in the latest Absa Financial Markets Index (AFMI) attributed to better environmental, social, and governance (ESG) market frameworks in the financial sector The country …
Markets
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BusinessEconomyFinance & ServicesKenya NewsMarkets
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BusinessKenya NewsMarketsOil & Gas
Oil marketers deny customers price relief and pocket gas tax cuts
Oil marketers have declined to lower cooking gas prices four months after halving Value Added Tax (VAT) to eight percent, denying consumers accruing benefits. The 13-kilogramme cylinder is retailing at …
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Banking, Finance & InvestmentBusinessEconomyKenya NewsMarkets
SBM sale revealed in court amid Sh11bn CBK support
Mauritian bank group SBM Holdings wants to sell its Kenyan subsidiary five years after entering the market through the buyout of Fidelity Bank that has continued to struggle despite receiving …
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EconomyMarketsMoroccoOil & GasUncategorized
Fuel Prices increases in Morocco and rising pressure on Government
While Moroccan politicians often invoke inflation and adverse geopolitics to justify rising fuel prices, Morocco’s market watchdog is currently arguing that extortionate practices, and a lack of political will to …
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BusinessEastern AfricaEconomyMarkets
KEBS Reassures Kenyans that Edible Oils And Fats In The Market Are Safe for consumption
The Kenya Bureau of Standards (KEBS) has assured Kenyans that the edible oils and fats in the market are safe for use except for specific batches it had listed on …
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Morocco is currently home to Africa’s third-largest luxury market, with a total of $125 billion in private wealth, says a new report from the consulting firm Henley & Partners. In …
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BusinessEconomyMarketsMorocco
FitchRatings: Moroccan Fertilizer Prices to Increase Amid Supply Constraints
The American rating agency FitchRatings announced earlier this week revising their price outlook for fertilizers upwards due to the continuing supply constraints and the expected recovery in demand. In its …
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AmazonFinance & ServicesKenya NewsMarkets
Microsoft and Google talent war hit Kenyan firms as wages raise
Local companies are struggling to recruit and retain key talent as US tech titans led by Microsoft, Amazon and Google tilt the market in their favor with high salaries and …
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Equity Bank has concluded negotiations to buy Spire Bank, setting the stage for the signing of a deal that is expected to get the teachers-owned bank out of a financial …
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Chinese car manufacturer Chery unveiled its new SUV model, the Tiggo 8 Pro Max, for the Moroccan market in a press conference on Thursday. As the newest iteration of the …