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.

A Russian tank in a firing exercise field. Photo/AFP By The East African Countries. Yet, new details show that arms supply is just as much the bloc’s area of specialisation, to eastern African countries. The Brics arms race, it turns out, is already playing out in eastern Africa as new data indicates that in 2021

Estate agent signs are seen outside residential housing in South London, Britain, August 7, 2023. Photographer Alishia Abodunde By Reuters British house prices in August were 5.3% lower than a year earlier, their biggest annual decline since July 2009 as higher interest rates reduced demand from buyers, mortgage lender Nationwide said on Friday. Prices dropped

A view of a gas plant seen from the desert road of Suez outside Cairo, Egypt. Credit Reuters By Xinhua News Agency Egypt is planning to drill 35 new natural gas wells in the Mediterranean Sea and the Nile Delta in the next two fiscal years to boost its natural gas production, the Egyptian Cabinet

China’s President Xi Jinping is welcomed at the Union Buildings ahead of the opening remarks of the BRICS emerging economies meeting, in Pretoria, South Africa August 22, 2023. Reuters/Alet Pretorius By Reuters African countries want China to shift its focus from building infrastructure on the continent to local industrialisation, China’s top Africa diplomat said on

L-R: India’s Prime Minister Narendra Modi, China’s President Xi Jinping, South Africa’s President Cyril Ramaphosa, Russia’s President Vladimir Putin and Brazil’s President Michel Temer pose for a group picture during the 10th Brics summit at the Sandton Convention Centre in Johannesburg, South Africa on July 26, 2018/AFP By AFP Brics leaders meet in South Africa

By Reuters BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West’s dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes