Business

Kenya retains Citi Bank and JP Morgan for Sh250 billion Eurobond

Ministry of National Treasury and Planning Cabinet Secretary Ukur Yatani By Business Daily Africa Kenya will retain Citi Bank and JP Morgan to arrange its fifth Eurobond to be issued this year, looking to raise up to Sh250 billion. The Treasury told the Business Daily Wednesday that the two investment banks, which also helped Kenya

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UK consumer prices rise at fastest pace in almost 30 years

File – Shoppers walk along Oxford Street, Europe’s busiest shopping street, in London, on Dec. 15, 2021. Consumer prices in the United Kingdom has risen at the fastest pace in almost 30 years as higher costs for energy, transportation, food and furniture squeezed household incomes. The Office for National Statistics said Wednesday that inflation measured

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Oil prices reach 7-year-high over Mideast tensions, supply woes

By Anadolu Agency Oil prices climbed to their highest level in the last seven years on Tuesday on supply woes after an attack by Yemen’s Houthi rebel group on Abu Dhabi, and supply disruptions from the inability of some OPEC+ countries in meeting their monthly quotas. International benchmark Brent crude was trading at $87.50 per

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India, Britain launch talks on free trade deal

File- Anne-Marie Trevelyan Secretary of State for International Trade speaks at the Conservative Party Conference in Manchester, England, Sunday, Oct. 3, 2021. Trevelyan is in New Delhi and will meet with her Indian counterpart Piyush Goyal in New Delhi on Thursday, Jan. 13. India and Britain are launching talks on pursuing a free trade deal

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Middle East foreign ministers head to China for meetings

File – Saudi Foreign Minister Prince Faisal Bin Farhan Al-Saud makes statements during his visit in Athens, Greece on Jan. 4, 2022. Foreign ministers from Saudi Arabia and other Middle Eastern states are visiting Beijing for meetings with officials from the world’s second largest economy, a leading consumer of oil and source of foreign investment.

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Chinese Foreign Minister to ink more deals during visit to Kenya

Chinese Foreign Minister Wang Yi is received by Kenya’s Foreign Affairs Cabinet Secretary Raychelle Omamo at Moi International Airport, Mombasa on January 5, 2022. By Daily Nation Chinese Foreign Minister Wang Yi arrived in the country on Wednesday evening ahead of crucial talks on Thursday that are expected to end in several bilateral agreements. Mr

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Asian shares mostly fall as tech stocks slump on Wall Street

People walk past a bank’s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, Jan. 5, 2022. Asian benchmarks mostly slipped Wednesday as technology shares in the region echoed a similar drop in the sector on Wall Street. (AP Photo/Vincent Yu) By Associated Press Asian benchmarks mostly slipped Wednesday as

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Russia plans oil and gas investments in Afghanistan: Taliban

By Anadolu Agency Russia is considering oil and gas investments in Afghanistan, the spokesman of the Taliban interim government confirmed following a meeting with Russian investors in the capital Kabul on Monday. “Mr. Mawlawi Sahib Abdul Salam Hanafi, the deputy prime minister (of the Taliban government), met with a joint delegation of Afghan and Russian

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Kenya’s foreign wealth declines by Sh87 billion

By Business Daily Africa Kenya’s net foreign assets dropped by Sh87.1 billion in the year to September, the biggest decline yet, indicating that local financial institutions liquidated some of their overseas portfolios. Net foreign assets (NFA) refer to total foreign assets held by banks and the Central Bank of Kenya minus foreign liabilities of the

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Turkey’s exports leap to record of nearly $225.4B in 2021

Containers are seen at the Port of Izmir in western Turkey, Dec. 24, 2021. (AA Photo) By Daily Sabah Turkey’s exports jumped to an all-time high of nearly $225.4 billion (TL 3.03 trillion) in 2021, President Recep Tayyip Erdoğan announced on Monday, far exceeding the medium-term program goal. Exports surged by 32.9% year-on-year in 2021,

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