Kenya Power will not offer financial payment to homes and businesses that will supply excess solar power to the national grid at their cost. The homes will offset the cost …
EAST AFRICA
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BusinessEastern AfricaEconomyUncategorized
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Banking, Finance & InvestmentBusinessEastern Africa
Q1 Private Sector Credit Growth a double-digit growth in quarter of this Year
For the first time since 2017, private sector credit growth recorded double-digit growth in quarter one of this year according to the latest data from the Central Bank of Kenya. …
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The stock market recorded limited movement on Monday after closing trading before Deputy President William Ruto was declared the winner of the presidential elections amid chaotic scenes and rejection of …
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Eastern AfricaEconomyOil & Gas
Kenya’s Oil traders will receive Sh24.5 billion while fuel prices remain unchanged
The State will pay oil marketers an estimated Sh24 billion in the largest monthly fuel subsidy to keep pump prices unchanged and ease public anger over the rising cost of …
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Tea prices at the weekly Mombasa auction increased slightly last week even as volumes traded remained steady. At the auction, a kilo averaged USD2.21(Sh263.99) up from USD2.20(Sh262.79) in the previous …
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CryptocurrencyEastern AfricaGlobal News
UN Trade Body Calls to curb Crypto rise In Developing Nations
The UN trade and development body, UNCTAD, has called for action to curb cryptocurrencies in developing nations, in three policy briefs published on Wednesday. Although private digital currencies have rewarded …
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BusinessEastern AfricaEconomyINVESTMENT
Uganda and Somali Business heeding to explore trade opportunities In Kampala
by Omolaraby OmolaraThe Somali business community in the region is looking to explore trade opportunities in Uganda at the first ever business summit between the two countries to be held in Kampala. …
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Crude prices have dropped by 22.5 percent since mid-June, setting the stage for reduced pressure on local pump prices. Oil prices have fallen to an average of $95 a barrel—level …
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AviationEconomyTransportation & Logisitics
Emirates present opportunities and Dubai lifestyle to First Officers In Recruitment Drive
Emirates, the world’s largest operator of Airbus A380s and Boeing 777s, is looking to recruit First Officers who meet the airline’s exceptional standards in safety, technical prowess, and customer experience. …
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The winner of Kenya’s presidential election will have an in-tray full of economic and political challenges to solve when he assumes office. The polls happened in the middle of an …