By The Associated Press Dubai-based shipping giant DP World said Tuesday it has won another ruling in a longstanding legal battle over the operation of a strategic port in the African nation of Djibouti. Dubai-based DP World said an appeals court in Hong Kong agreed with its request to keep its lawsuit against China Merchants

By The East African A fertiliser boom is breaking out across Africa as calls for food security gain momentum amidst a widespread continental food crisis. With an estimated 346 million people on the continent negatively impacted by a severe food crisis, according to the Food and Agriculture Organisation (FAO), the use of fertilisers has become

By Business Daily Africa The Treasury has said Kenya will find it challenging to sustain reliance on multilateral lenders like World Bank Group for external funding, signalling a return of costly foreign loans in the first year of the new administration. Kenya has in the past three financial years largely tapped cheaper concessional loans, helping

By Reuters The European Union executive recommended on Sunday suspending some 7.5 billion euros in funding for Hungary over corruption, the first such case in the 27-nation bloc under a new sanction meant to better protect the rule of law. The EU introduced the new financial sanction two years ago precisely in response to what

Gautam Adani (center) attends the UP Investors Summit in the northern Indian state of Uttar Pradesh, on June 3. Rajesh Kumar Singh/AP By NPR India’s richest man, Gautam Adani, shot past the Amazon founder this week in the rankings of the world’s wealthiest people. According to lists maintained by Forbes and Bloomberg, Adani’s fortune lies

By The East African This week’s order by Kenyan President William Ruto to revert cargo clearing services to the port of Mombasa could upset China and Uganda, the port’s biggest clients, and trigger anxiety among major players who depend on it. The order, issued as President Ruto took office, is set to have far-reaching ramifications.

Uganda’s President Yoweri Museveni and Tanzania’s President Samia Suluhu Hassan/AFP By AFP Uganda’s Parliament has lashed out at European lawmakers over a resolution condemning a massive East African oil project and calling for it to be delayed. France’s TotalEnergies and the China National Offshore Oil Corporation signed a $10-billion agreement earlier this year to develop

By Reuters The pound on Friday tumbled to a fresh 37-year low on the U.S. dollar, and a 17-month trough on the euro, after weaker-than-expected figures of retail sales added to worries about the health of Britain’s economy. The pound fell more than 1% against the dollar to 1.1351, its lowest since 1985, its fall

Employees at Equator Flowers Farm in Eldoret, Uasin Gishu County pack flowers for export By Daily Nation The UK has demanded that its exports to Kenya be exempted from the newly raised East African Community (EAC) tax charges that took effect on July 1, posing a big dilemma for Nairobi, which is bound by the

By Reuters The European Union’s executive outlined plans on Wednesday for raising more than 140 billion euros ($140 billion) to cope with an energy crisis that has increased the prospect of winter fuel rationing, corporate insolvencies and economic recession. European gas prices have rocketed this year as Russia has reduced fuel exports to retaliate for