The weaker Kenya shilling has raised the threshold for joining the country’s top one percent by net worth to Sh2.8 million. File Photo/ Pool By Business Daily Africa The weaker Kenya shilling has raised the threshold for joining the country’s top one percent by net worth to Sh2.8 million from Sh2.16 million two years ago,

By Reuters Supermarket group Tesco (TSCO.L), Britain’s largest private-sector employer, is to offer its staff virtual appointments with a private family doctor, in another indication of the pressures engulfing the country’s National Health Service (NHS). The country’s biggest retailer told Reuters on Thursday the benefits package for its 310,000 UK workers would provide them and

Citizens block roads and light fires on the streets as they stage a protest on the resignation of Tel Aviv District Commander Ami Eshed, in Tel Aviv, Israel on July 05, 2023. Protests arise throughout the country after the resignation of Eshed, who cited the ‘political pressure’ from the far-right National Security Minister Itamar Ben-Gvir.

Heaven Mehreta, 32, smiles and holds a small American flag inside Mount Zion Temple in St. Paul, Minn., June 21, 2023, after becoming a U.S. citizen at a naturalization ceremony that day in the synagogue. Mehreta immigrated from Ethiopia 10 years ago, learned English as an adult and passed the U.S. citizenship test in May.

By Reuters OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies including Russia that pumps around 40% of the world’s crude, has been cutting oil output since November in the face of flagging prices. Members Saudi Arabia and Russia, the world’s biggest oil exporters, deepened oil supply cuts on Monday in

The rising burden of debt servicing costs on Kenyan taxpayers is a reflection of increased borrowing during the previous administration. Photo/Shutterstock By Business Daily Africa Aggressive interest rate increases by central banks in rich countries amid sustained weakening of the shilling have seen Kenya pay 7.5 percent more in foreign debt repayments, the Treasury has

By Anadolu Agency Russia’s crude oil and diesel exports are at higher volumes than in the pre-war period with the emergence of new export destinations, particularly China and India, for crude exports and a good range of buyers for diesel exports, according to Vortexa data compiled by Anadolu. Russia’s crude oil exports plummeted to the

By Reuters Turkey will not lift its opposition to Sweden joining NATO unless it stops harbouring groups Ankara considers to be terrorists, President Tayyip Erdogan said on Monday. Sweden and Finland applied for NATO membership last year, ditching long-held policies of military non-alignment after Russia’s invasion of Ukraine. Applications for membership must be approved by

The new golden visa trend is gaining momentum as countries compete to create sustainable development across all sectors of their economies. — Photo credit: pxfuel.com By Face2Face Africa In its simplest form, a golden visa is one of the strategic ways countries attract investments from immigrants and investors in exchange for granting either residence (Residence

Uganda has emerged as the fastest-growing source of diaspora dollars flowing into Kenya. File Photo Shutterstock By Business Daily Africa Uganda has emerged as the fastest growing source of diaspora dollars flowing into Kenya at a time the remittances from top global sources are slowing down on inflationary pressures squeezing earnings for citizens working abroad.