President William Ruto (left) and UK prime minister Rishi Sunak By Daily Nation President William Ruto has met with UK Premier Rishi Sunak on the sidelines of the COP27 climate summit in Sharm-el-Sheik, Egypt. In a statement following their meeting, the British High Commission on Kenya revealed that the two leaders have inked a deal

Kenyan Railway By The African Exponent In what supporters of President William Ruto have termed an act of transparency and good governance, the government of Kenya has fulfilled one of its campaign promises by making public the Chinese agreement for the $3b railway in the country. The documents of the massive Kenya project were made

African Development Bank president Akinwumi Adesina By Reuters The African Development Bank raised $31 billion in investment commitments for projects during the Africa Investment Forum, said the bank’s president Akinwumi Adesina at the end of the three-day meeting on Friday. It brings the total investment for the year to about $64 billion, said Adesina. The

The tanker Sun Arrows loads its cargo of liquefied natural gas from the Sakhalin-2 project in the port of Prigorodnoye, Russia. (AP Photo, File) By The Associated Press A Japanese consortium has decided to retain its stake in the new Russian operator of the Sakhalin-1 oil and gas project and is set to notify Moscow,

The Bank of England, at the financial district in London, Thursday, Nov. 3, 2022. (AP Photo/Kin Cheung) By The Associated Press The Bank of England rolled out its biggest interest rate increase in three decades Thursday, saying the move was needed to beat back stubbornly high inflation that is eroding living standards and is likely

African Development Bank president Akinwumi Adesina speaks during the opening ceremony of the Africa Investment Forum 2022 By The East African African leaders have said the continent’s investment risk has been exaggerated, making investors hesitant to put their money in its development projects. Quoting a Moody’s Analytics report on defaults on infrastructure investments, African Development

By Reuters Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that beat analysts’ forecasts, boosted by higher crude oil prices and volumes sold. Aramco’s net income rose to $42.4 billion for the three months to Sept. 30 from $30.4 billion a year earlier, it said in

A sign is pictured outside the Twitter headquarters in San Francisco. (AP Photo/Godofredo A. Vásquez) By The Associated Press Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform. Musk ousted three

Christine Lagarde, President of the European Central Bank. (AP Photo/Michael Probst, File) By The Associated Press The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go

A variety of coffee beans at the Nairobi auction By Business Daily Africa Demand for Kenya’s coffee has declined following a rebound in production by Brazil, which had in the last two years recorded a sharp decline creating a shortage globally. Kenya’s earnings from coffee significantly rose in the last two crop seasons on the