Kenya is vying to become the manufacturing hub for American companies seeking to relocate or diversify out of China in fresh trade talks. Washington opened with Nairobi in July Industrialization …
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BusinessEastern AfricaEconomySanlamUncategorized
Sanlam Kenya narrows half year net loss to Sh287m on lower taxes
Insurance firm Sanlam Kenya narrowed its net loss to Sh287.7 million in the half year ended June on the back of a lower tax bill and reduced expenses. The company …
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AgricultureBusinessEastern AfricaUncategorized
Kakuzi To Ship Inaugural Avocado Consignment To China This Weekend
Kakuzi PLC is set to export its first hass variety avocado consignment to China this weekend. The firm began field harvesting on Friday as part of the firm’s systems trial …
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The owner of Mdantsane City Mall and Cape Town’s Gugulethu Square has acquired one of Alexandra’s biggest shopping centers. Vukile Property Fund has bought Pan Africa Shopping Centre and its future extension …
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The World Bank approved a $100 million grant to support the continuation of Somalia’s reform efforts in reaching the Completion Point of the Heavily Indebted Poor Countries (HIPC) Initiative when Somalia …
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BusinessEastern AfricaEconomyUncategorized
Kenya flags betting jackpots for money laundering
by Omolaraby OmolaraThe mega jackpots paid to punters in Kenya have been flagged as possible avenues for laundering proceeds of theft, drug dealings and terrorism as the State heightens focus on the …
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BusinessEconomyGlobal NewsUncategorized
IMF Cuts Global Growth Outlook Warning High Inflation Browbeat Recession.
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 …
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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 …
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Eskom has warned that it could implement load-shedding at short notice after all five running units at Kriel power station tripped on Monday morning. “During the early hours of this …
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AgricultureBusinessEconomyUncategorized
Tanzania Launches Cultivation Of Over 11,000 Hectares Of Block Farms For Youth
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 …