File Photo: People walk over London Bridge looking at a view of Tower Bridge in the City of London financial district in London, Britain, October 25, 2023. Photographer Susannah Ireland/File Photo By Reuters Britain’s economy might be in a recession, according to data that showed it shrank between July and September, shortly after finance minister

Oil pumps are seen, as oil and gas activity dips in the Eagle Ford Shale oil field due to the coronavirus disease (COVID-19) pandemic and the drop in demand for oil globally, in Karnes County, Texas, U.S., May 18, 2020. Picture taken May 18, 2020. Photographer Jennifer Hiller/File Photo By Reuters Oil rose on Monday

The recovery of prices of Kenya’s inaugural Eurobond has reduced potential savings the country may make. Photo/Shutterstock By Business Daily Africa The recovery of prices of Kenya’s inaugural Eurobond which matures in June next year, has reduced potential savings the country may make from an early partial redemption of $300 million (Sh46.1 billion) this month.

Dangote Refinery By The African Exponent A milestone moment unfolded for the Nigerian mega-refinery developed by billionaire Aliko Dangote as it received its initial shipment of crude oil, marking a significant advancement in a project marred by delays. The refinery aims to entirely fulfill the country’s fuel demands, as announced by the company on Saturday.

People shop on Oxford Street in London, Britain April 10, 2023. Photographer Anna Gordon/File Photo By Reuters Britain’s economy shrank in October, official data showed on Wednesday, a day before the Bank of England is expected to keep interest rates at a 15-year high to curb still-high inflation despite the toll they are taking on

File Photo/Somali Times Somalia has secured a $4.5 billion debt write-off from global lenders, marking the culmination of a decade-long process of negotiations and reforms. Read: Somalia’s corruption is widespread throughout the regime The nation, which is just settling into the East African Community (EAC) after its admission two weeks ago, has been exempted from

Michael Jordan. Photo: wikimedia commons/Bryan Horowitz By Face2Face Africa NBA legend Michael Jordan has fallen out of the list of 1,000 richest billionaires despite his staggering net worth of $3 billion. He joined the exclusive list in October following the sale of his controlling stake in the Charlotte Hornets, a professional basketball team, valued at

Mozambique President Filipe Jacinto Nyusi addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. Photographer Eduardo Munoz/File Photo By Reuters Mozambique has approved an ambitious new energy transition plan until 2050, hoping to attract investments of some $80 billion to boost renewable energy capacity and increase electricity

By Reuters Kenya’s President William Ruto said on Thursday the government was poised to privatise 35 state companies and was looking at a further 100 firms after enacting a law last month to cut down on bureaucracy. Kenya last privatised a state-owned company in 2008 when it issued an IPO for 25% of the shares

By Reuters The World Bank said on Monday that it foresaw $12 billion of support to Kenya over the next three years, potentially a major boost to the East African country’s strained finances. The bank said in a statement that the total amount was subject to the approval of its executive directors and other factors