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

The London Stock Exchange Group offices are seen in the City of London, Britain. Photographer Toby Melville By Reuters UK’s exporter-heavy FTSE 100 fell on Tuesday, dragged lower by weakness in miners as well as a decline in HSBC shares after the London-headquartered bank dampened investors’ expectations of a sustained income bonanza from rising interest

Russian salespeople stand by a tent for Russian weapons manufacturers at the International Defense Exhibition and Conference in Abu Dhabi, United Arab Emirates, Monday, Feb. 20, 2023. Just outside of Abu Dhabi’s biennial arms fair in a large tent, Russia offered weapons for sale Monday ranging from Kalashnikov assault rifles to missile systems despite facing

By Business Daily Africa Kenya Airways’ partnership with South African Airways will be treated as a merger on the back of the effect that the joint venture will have on competition in the region, the Comesa Competition Commission (CCC) has said. The national carrier operates in countries that are members of the Common Market for

U.S. Secretary of State Antony Blinken testifies before House Foreign Affairs Committee/Reuters By Reuters Two members of the U.S. House of Representatives Foreign Affairs Committee on Wednesday called on President Joe Biden to rescind a nearly $1 billion arms sale to Nigeria following Reuters reports on an illegal abortion program and the targeted killing of

Bank of England (BoE) building in London, Britain/Reuters By Reuters British inflation fell by more than expected in January and there were signs of cooling price pressure in parts of the economy watched closely by the Bank of England, adding to signs that further hefty interest rate hikes are unlikely. Annual consumer price inflation (CPI)