Equities were mixed on Tuesday as investors prepare for fourth quarter earnings results from some of world’s most valuable companies. Microsoft and Alphabet will report after the closing bell, giving traders a better understanding of how sustainable the recent market […]
Ivory Coast successfully raised $2.6 billion through two bonds with respective maturities of nine and 13 years in its first return to the international Eurobonds market after two years of absence, the government said in a statement on Tuesday. It […]
The International Monetary Fund has expressed discontent with Kenya’s plan to re-introduce fuel subsidies. This global lender disclosed its concerns about the viability of the scheme, noting that Kenya may not that there is a lack of fund to pay […]
The Indian economy is poised to touch USD 5 trillion next financial year – 2024-25 – and capitalise to double to USD 10 trillion by the end of this decade, said Union Petroleum Minister Hardeep Puri. At present, the Indian […]
The value of Kenya’s exports to Uganda crossed the Ksh100 billion ($618 million) mark for the first time in November 2023, owing to a weak currency that had made the local goods cheaper in the neighbouring country. Official data shows […]
Since 1960s, when Kenya, Uganda and Tanzania formed the East African Community (EAC), Somalia always wanted to be part of the bloc. And so, it was the realisation of a decades-long dream for Mogadishu when it acceded to the bloc […]
The Kenyan government has extended its full support to Kenyans looking to find work overseas. The administration has pledged to secure important bilateral agreements to safeguard its nationals in foreign countries. This is all part of the government’s initiative to […]
Saudi Arabia’s telecommunications operator Etihad Etisalat (Mobily) has signed a Murabaha financing deal with the Saudi National Bank (SNB) for 4.8 billion riyals ($1.3 billion) . Mobily, an affiliate of the UAE’s Etisalat, will use SAR 3.685 billion to partly […]
Aramco, one of the world’s leading integrated energy and chemicals companies, has allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. It will more than double the capital allotted to Aramco Ventures, increasing its total investment […]
Global economic prospects remain subdued and are fraught with uncertainty as more than half of chief economists expect the world economy to further weaken this year, a World Economic Forum report has said. With uncertainty clouding the near-term economic outlook, […]
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