Ethiopia has started changing its national payments law to clear the way for Safaricom to introduce…
Category: Business
Russia’s war heats up cooking oil prices in global squeeze
ISTANBUL (AP) — For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of…
IMF staff, Kenya reach deal to unlock Sh28bn loan
The International Monetary Fund(IMF) said on Monday that its staff had reached an agreement with Kenyan…
How politician and Nigerians wired Sh25bn in days
Three Nigerians suspected to enjoy the backing of a powerful Kenyan politician and two Kenyans wired…
Fresh fuel shortage: who’s fooling whom?
Less than 10 days since the government announced a triumphant end to the fuel shortage crisis, a…
Indonesia’s Palm Oil Export Ban Leaves Global Buyers With No Plan B
Global edible oil consumers have no option but to pay top dollar for supplies after Indonesia’s…
Sanlam now the largest pension fund manager
Sanlam has overtaken GenAfrica as the biggest pension fund manager after taking over Sh46 billion National…
CBK orders banks to ration scarce dollars
The Central Bank of Kenya (CBK) has directed commercial banks to ration dollars following a shortage…
Troubled Metropolitan sacco under State probe
The Commissioner of Co-operatives David Obonyo has ordered investigations into operations of financially troubled Metropolitan National…
The Edsel, Quibi and CNN+? New addition to business failures
NEW YORK (AP) — The Edsel. Quibi. New Coke. The Segway. DeLorean sports cars. The pantheon…