Business Affairss

Oil : the price of a barrel could collapse to $70 in 2024

According to the American bank Citigroup, the barrel of Brent, which serves as a reference price for a large part of world oil production, could collapse to around 70 dollars in 2024, due in particular to an expected surplus of oil. 'offer. So, th...

Loans : China granted $1.92 billion to three African countries between 2021 and 2022

According to a report, China has granted $1.92 billion in loans in 2021 and 2022, or 86% to projects in West Africa. Senegal, Benin and Ivory Coast borrowed the largest amounts. The report also reveals that although China lends less to Africa as a...

Russia-Africa : trade up 43.5%

Trade between Russia and Africa reached $15.5 billion during the first nine months of 2023, an increase of 43.5% compared to the same period of 2022. Egypt, Algeria , Morocco, Tunisia and Libya were Russia's main trading partners on the continent ...

Angola at international oil exhibition

Angolan delegation from the National Oil, Gas and Biofuels Agency (ANPG) is participating in the International Oil Exhibition and Conference (AIDIPEC) in Abu Dhabi, the capital of the United Arab Emirates (UAE), from 2- 5 October. The event, orga...

Madagascar : the AfDB portfolio estimated at $646 million

As of August 31, 2023, the active portfolio of the African Development Bank Group in Madagascar included 23 operations, for a total amount of $646 million. The AfDB will thus prepare a country report which will highlight the growing challenges of ...

KRA Unveils Online Auction To Streamline Revenue Collection

The Kenya Revenue Authority has launched an online auction platform aimed at streamlining tax administration procedures to enhance service delivery and improve revenue collection.The auction, which was previously a physical process, is part of KRA...

Industrial Park In Meru To Uplift Livelihoods

Agricultural and trading activities in Ruiri rwa Reera Ward, Buuri Sub-County, and the entire Meru County are expected to thrive after the official launch of the construction of the County Aggregation and Industrial Park (CAIP) yesterday.The auspi...

Plug Mtaani Drive To Empower Youth With Business Ideas

Youths in Kajiado County are set to benefit from the 'Plug-in Mtaani Vijana 2 Invest' initiative that aims at connecting business ideas to opportunities.The programme, which seeks to unlock the potential of entrepreneurship amongst the younger gen...

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State Launches Kenya National Public Health Institute to Bolster Disease Prevention

Nairobi: Health Cabinet Secretary Aden Duale has unveiled the Kenya National Public Health Institute (KNPHI), marking a significant milestone in the country's efforts to enhance Universal Health Coverage (UHC) through preventive healthcare to strength...
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Siaya County Launches Farmer Training to Enhance Food Security

Siaya: The Siaya County government, through the National Agricultural Value Chain Development Program (NAVCDP), has initiated a comprehensive training program for farmers in North Sakwa focused on good agronomic practices to bolster food security in t...

Marsabit County Residents Back Retention of National Government Funds

Marsabit: The collection of views on whether the National Government Constituency Development Fund (NG-CDF) should be retained through a legal backup or be done away with has concluded in Marsabit County with residents taking a united stand for its re...

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State to Construct More Dykes in Trans Nzoia to Mitigate Effects of Floods

Trans Nzoia: The National Government, through the Ministry of Water, Sanitation, and Irrigation, has announced plans to enhance flood control measures in Trans Nzoia County, which include constructing additional dykes along River Sabwani. This initiat...

Saudi Arabia grants over US$100 million to Angola

The Kingdom of Saudi Arabia has approved the granting of a loan worth US$110 million for the implementation of an industrial project in the municipality of Catumbela, Angolan province of Benguela.This was confirmed Wednesday to the press by that count...

Minister Mondli Gungubele briefs media on outcomes of the Cabinet meeting, 18 Nov

Minister Gungubele to brief media on outcomes of the Cabinet Meeting held on 16 November 2022Minister in The Presidency, Mondli Gungubele will brief media on the outcomes of the Cabinet meeting held on Wednesday, 16th of November 2022. Source: Governme...