By Anadolu Agency Oil prices increased on Monday with worries over tighter oil supply from tension in the Middle East and the Russia-Ukraine War. International benchmark Brent crude traded at $87.24 per barrel at 9.31 a.m. local time (0631 GMT), a 32% rise from the closing price of $86.96 per barrel in the previous trading

Waya Limited CEO David Wachira By Business Daily Africa Every year, Kenyans living abroad send hundreds of billions of shillings home using non-inclusive banking and financial services. For most, they have no choice but to make do with the available system. David Wachira, however, after years of experiencing first-hand the challenges of immigrants, decided to

An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. Photographer Liz Hampton/File Photo By Reuters Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline stocks. Brent crude futures for

Angola’s President Joao Lourenco, left, shakes hands with Chinese President Xi Jinping during the Forum on China-Africa Cooperation held at the Great Hall of the People in Beijing September 3, 2018. Photographer Andy Wong/File Photo By Reuters Chinese President Xi Jinping said he would support Chinese firms that invest in Angola’s agriculture and manufacturing sectors,

Akinwumi Adesina, President African development bank, speaks during an interview with The Associated Press in Lagos Nigeria, Tuesday , March. 5, 2024. The head of the African Development Bank is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car

Banks have opposed a petition seeking to compel them to obtain court orders before selling off any property charged as security for loans. Photo/Shutterstock By Business Daily Africa Kenyan commercial banks have opposed a petition that seeks to compel them to obtain mandatory court orders before selling off any property charged as security for loans

The Minister of Energy and Natural Resources of Turkey, Alparslan Bayraktar and Abdirisaq Omar Mohamed, the Minister of Petroleum and Minerals of Somalia, discussed the energy cooperation between the two countries. Bayraktar received the Minister of Petroleum and Minerals Abdirisaq Omar at his ministry in the capital Ankara. Read: Why is Somalia an unfortunate country?

Credit Photo Reuters/Saudi Arabia’s Crown Prince Mohammed bin Salman By Xinhua News Agency Saudi Arabia announced on Sunday the extension of its voluntary cut of oil production of 1 million barrels per day to support the stability and balance of oil markets, the Saudi Press Agency reported. The reduction was implemented in July 2023 until

President of the European Commission Ursula von der Leyen (left) and President William Ruto at State House ahead of the signing of a new trade agreement in Nairobi on December 18, 2023. Photo/AFP By Business Daily Africa Kenya has inched closer to concluding a preferential trade deal with European Union (EU), preserving a long-term tax-free

Mombasa Port. Photo/Shutterstock By Business Daily Africa Kenya’s imports of machinery, fuel, and raw materials dropped by double-digit rates last year for the first time since the peak of the Covid-19 pandemic-linked shutdowns three years ago, signalling a slowdown in production activities in key sectors such as manufacturing and construction. The value of goods ordered