Oil prices edged up on Monday as concerns over restricted supply lingered, even as investors awaited the release of supplies from consuming nations’ strategic reserves and…
Author: Nasir Agbalaya
According to central bank statistics released on Sunday, Egypt’s net foreign assets (NFAs) fell substantially in February, falling by 60 billion Egyptian pounds ($3.29 billion) to…
Moody’s has altered South Africa’s outlook from “negative” to “stable,” noting the government’s capacity to control its debt burden over the medium term as a rationale…
The Kenyan Court of Appeal has prolonged a moratorium or is a legally authorized period of delay on the Kenya Revenue Authority’s (KRA) decision to increase…
President Samia Suluhu Hassan says Tanzania is seeking at least $700 million from the IMF as it alters its borrowing strategy to take on more concessional…
Gold held steady after registering its highest quarterly gain in almost two years, as Russia’s war in Ukraine, inflation fears, and global economic worries bolstered its…
Considering evidence of business revival and MPs’ approval of a KSh20 billion bailout, Kenya Airways or KQ has reversed salary cutbacks. After the Kenya Treasury delayed…
The rand of South Africa sank in early trade on Thursday as the conflict in Ukraine went on and commodity prices, which help the country’s resource-rich…
Saudi Arabia has deposited $5 billion in Egypt’s central bank, according to the Saudi state news agency, and the kingdom is poised to spend more as…
In just 11 months since joining Intel Corp in February last year, Chief Executive Officer Pat Gelsinger made 1,711 times more than the typical worker at…