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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Kakamega County Public Service Board Sworn In During Ceremony at Bukhungu Stadium

Kakamega: Governor Fernandes Barasa presided over the swearing-in of the newly appointed members of the Kakamega County Public Service Board (KCPSB) during a ceremony held at Bukhungu Stadium. The governor expressed confidence in the new board, saying...
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Call for Peace During Slain Legislator’s Burial

Homa Bay: Homa Bay County Commissioner Moses Lilan has asked residents to maintain peace ahead of and during the burial of the slain Kasipul MP Charles Ongondo Were. Lilan emphasized the need for a peaceful environment to allow the bereaved family to ...

Red Cross Scales Up Flood Preparedness in Mombasa Amid Heavy Rains

Mombasa: The Kenya Red Cross Society (KRCS) has intensified its disaster preparedness and response measures in Mombasa County following ongoing heavy rains that have affected parts of the region over the past two days. According to Kenya News Agency...

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Rwandan Journalist Killed in Accident; Advocates Call for Independent Investigation

Human rights groups and supporters of a well-known Rwandan journalist widely seen as an independent reporter who reported critical stories about the government are calling for a thorough and impartial investigation into his death.Rwandan police say Joh...

Luanda’s Dr. António Agostinho Neto International Airport Opens, Aiming to Boost Tourism and Trade

Luanda, Angola - The Dr. António Agostinho Neto International Airport (AIAAN), located near Luanda, is set to open today, November 10, 2023, inaugurated by President João Lourenço. The new airport, situated 40 kilometers from Angola’s capital in the co...

Kericho Police Crack Down on Illegal Alcohol Production

KERICHO—In a decisive operation against illicit alcohol production, law enforcement agencies in Kericho have apprehended seven individuals and confiscated a significant quantity of illegal alcohol following a raid in the Pala area, situated at the Ker...