The Central Bank of Kenya in Nairobi By Business Daily Africa Kenya’s financial markets standing on the continent has taken a major beating from the country’s foreign exchange trouble tied to dollar shortages and a fall of forex reserves. According to the 2023 Absa Africa Financial Markets Index, to be launched on Tuesday, Kenya’s country

By Reuters U.S. stock futures slid on Monday as the military conflict in the Middle East lifted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week. Holidays in Japan and South Korea made for thin conditions but the initial bid was for bonds

The Central Bank of Kenya in Nairobi By Business Daily Africa Soaring fuel prices have handed the Central Bank of Kenya (CBK) a new price stabilisation headache ahead of its key policy rate meeting on Tuesday. International oil prices have continued to rise in recent weeks, driven primarily by tight supply and resilient demand. Murban

An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. Picture taken with a drone. Reuters/Tatiana Meel/File Photo By Reuters Oil prices rose by more than $1 a barrel on Wednesday as

Thailand’s Prime Minister Srettha Thavisin speaks during a press conference after a weekly cabinet meeting at the government house in Bangkok, Thailand, September 13, 2023. Photographer Athit Perawongmetha/File Photo By Reuters Thailand’s Prime Minister Srettha Thavisin said on Sunday the country expected to receive investment of at least $5 billion from Tesla, Google and Microsoft.

President William Ruto during a Cabinet Meeting at State Lodge, Kakamega. By Business Daily Africa Quality of Kenya’s budget implementation declined in 2022 due to corruption and rapid accumulation of pending bills, the World Bank has warned in a new report. The Country Policy and Institutional Assessment (CPIA) shows that Kenya was among the four

By Business Daily Africa Secondary bond trading turnover has significantly slumped as investors seek to avoid losses arising from the impact of higher interest rates on listed government securities bought earlier at lower rates. The rising interest rates on bonds listed at the Nairobi Securities Exchange (NSE) have had the effect of cutting bond prices,

By The East African East African economies are going through a fresh spike in fuel prices after Saudi Arabia and Russia agreed to extend by three months the removal of 1.3 million barrels of crude per day from the global market in a move that has seen crude price jump by 18 percent to $90

A man looks at houses for sale in the window of an estate agents in Manchester, Britain, June 22, 2023. Photographer Phil Noble By Reuters British house prices have fallen at the fastest pace since 2009 over the past year, reflecting the increasing impact of higher interest rates, mortgage lender Halifax said on Thursday. Halifax

By Reuters Oil prices surged about 2% on Tuesday to their highest since November, after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year, worrying investors about potential shortages during peak winter demand. Brent crude futures rose by $1.32, or about 1.5%, to $90.32 a barrel by 1:39 p.m.