By Business Daily Africa Export earnings from tea grew by Sh2 billion last year, helped by a weaker shilling, increased volumes and higher prices of the beverage. The earnings defied global economic shocks caused by the Russia-Ukraine war last year to stand at Sh138 billion from Sh136 a year earlier, according to the Tea Board

A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. Photographer Nathan Frandino By Reuters Some financial industry executives and investors were growing increasingly concerned on Saturday that the collapse of Silicon Valley Bank could have

Zuber and Mohsin Issa / PA Evening Standard By Simon Hunt EG Group, which runs hundreds of petrol stations in the UK as well as the Leon fast food brand, said it had sold 415 store assets in the US to property company Realty Income, in a deal which will see it lease the assets

Saudi Minister of Finance Mohammed Bin Abdullah Al-Jadaan/Reuters By Reuters Saudi Arabia has signed an agreement with Turkey to deposit $5 billion in the country’s central bank through the Saudi Fund for Development (SFD), the fund said on Monday. Saudi Minister of Finance Mohammed Bin Abdullah Al-Jadaan announced his country’s intention to make the deposit

The discussion we don’t have often enough, though, is the oversized impact the movements of the US Dollar can cause upon emerging market countries/Shutterstock By Business Daily Africa Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views

By Daily Nation The Competition Authority of Kenya(CAK) has approved a proposed acquisition of a 62.5 percent stake in First Community Bank by Somalia’s Premier Bank. The value of the detail was not immediately clear with the two transacting banks set to merge on the closure of the deal. “Pursuant to the provisions of section

British Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen hold a news conference at Windsor Guildhall, Britain, February 27, 2023. Photographer Dan Kitwood/Reuters By Reuters British Prime Minister Rishi Sunak has struck a new deal on post-Brexit trade rules for Northern Ireland, risking a clash with members of his Conservative Party

File- European Commission President Ursula von der Leyen, left, and British Prime Minister Rishi Sunak meet during the COP27 climate summit in Sharm el-Sheikh, Egypt, Nov. 7, 2022. British Prime Minister Rishi Sunak and European Union leader Ursula von der Leyen are due to meet, the two sides said Sunday Feb. 26, 2023, with expectations

By Anadolu Agency Russia suspended oil deliveries to Poland via the Druzhba pipeline, according to Poland’s leading oil and gas conglomerate, PKN Orlen. CEO Daniel Obajte wrote on Twitter that the company was prepared for the situation and is effectively securing supplies. The company told Polish News Agency PAP that deliveries to its refineries would

By Proactive Investors UK Africa Oil signs two production-sharing contracts with the Republic of Equatorial Guinea. Africa Oil Corp presents oil and gas exploration portfolio to Proactive. Africa Oil Corp. is a Canadian oil and gas exploration company with interests in exploration licenses in Kenya, Ethiopia and Somalia. About the company Africa Oil Corp. is