By Business Daily Africa Kenyan millionaire investors are worried about inflation the most, according to a new global wealth survey by Standard Chartered Plc. Of the Kenyan respondents who participated in the survey, 50 per cent said rising inflation is the biggest obstacle to achieving their new goals. Other significant concerns were uncertainty in the

The New York Stock Exchange is seen in New York, Tuesday, June 14, 2022. (AP Photo/Seth Wenig, File) By The Associated Press Stocks wavered between small gains and losses on Wall Street Wednesday, leaving prospects uncertain for the market to break a four-day losing streak. The S&P 500 fell 0.1% as of 10:14 a.m. Eastern.

Absa Bank Limited will list new units of the gold-backed exchange-traded fund By Business Daily Africa South Africa’s Absa Bank Limited will list new units of the gold-backed exchange-traded fund (ETF) after investors bought all that had been supplied on the Nairobi Securities Exchange (NSE). The bank says it will make an order of 250,000

Minister of Finance of the Federal Government of Somalia Mr Elmi Mohamoud Nur today met with the Minister of International Development of the Norwegian Government, Anne Beathe, who visited the country in Mogadishu. The meeting between the Minister of Finance of Somalia and the Minister of International Development of Norway discussed the development of the

One of the Air Tanzania planes flies. Long-haul flights business promises profit in the near future.File Photo/Daily Nation By The Citizen Dar es Salaam. Air Tanzania Company Limited plane has been seized in the Netherlands after a Swedish firm won a $165 million award against Tanzania due to revoked land title in the Bagamoyo sugar

By Reuters Turmoil in the cryptocurrency industry has rattled major exchanges and sent the value of digital assets tumbling, but at least one group stands to gain: bankruptcy lawyers. High-profile bankruptcies involving crypto exchange FTX, hedge fund Three Arrows Capital and crypto lenders BlockFi, Celsius Network and Voyager Digital Ltd are generating new opportunities –

By The Associated Press Stocks edged lower in unsteady trading on Wall Street Tuesday as investors closely watch developments in China and economic data amid worries about stubbornly hot inflation. The S&P 500 fell 0.4% as of 12:04 p.m. Eastern and was roughly split between gainers and losers. The Dow Jones Industrial Average fell 110

By Business Daily Africa Commercial banks’ earnings from foreign exchange trading for nine months through September nearly doubled on higher demand for the dollar amid widening margins. The Business Daily’s analysis of published financial performance statements shows tier-one banks earned Sh52.89 billion from trading in currencies in the review period compared with Sh28.27 billion in

Harrods store in London, Britain, December 20, 2020. Harrods is owned by the Qatar Investment Authority. Photographer Toby Melville/File Photo By Reuters Qatar has launched a review of its investments in London after the city’s transport authority this week banned the Gulf state’s tourism advertisements on the capital’s buses, taxis and Underground train system, Saturday’s

Ghana’s Vice-President Mahamudu Bawumia is sworn in at the Independence square in Accra, Ghana January 7, 2017. Photographer Luc Gnago/File Photo By Reuters Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to