A 3D printed oil pump jack is seen in front of displayed stock graph and “Oil Stocks” words in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/Files By Reuters Crude oil jumped while the rouble plunged nearly 30% to a record low on Monday after Western nations imposed tough new sanctions on Russia for its

Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration By Reuters Sterling fell to its lowest this month against the dollar and was set for its worst day since November on Thursday as investors rushed into safe-haven assets after Russia launched an all-out invasion of Ukraine. NATO said

A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Feb. 24, 2022. Asian stock markets followed Wall Street lower Thursday as anxiety about a possible Russian invasion of Ukraine rose. (AP Photo/Ahn Young-joon) By Associated Press World stock markets plunged

President Uhuru Kenyatta with World Bank Country Director for Kenya Keith Hansen. By Business Daily Africa World Bank and the International Monetary Fund (IMF) have stepped up lending to Kenya over the past three years, which has seen Chinese loan deals reduce, firming the grip of Bretton Woods institutions on East Africa’s biggest economy. Data

Olugbenga Agboola is the Co-founder and CEO of San Francisco and Lagos-based Flutterwave. Photo credit: Shoppe Black Face2Face Africa By Abu Mubarik Nigerian fintech startup Flutterwave has reached a $3 billion valuation after raising $250 million in its single-biggest funding round to date. The latest valuation makes it the “highest valued” African startup, it said.

By Anadolu Agency Leaders from the European Union and African Union agreed on Friday to renew their partnership and launch a €150 billion ($170 billion) worth investment package. The European Union-African Union Summit is “something different,” an “opportunity for us to lay the groundwork for a renewed partnership,” Charles Michel, president of the European Council,

File Photo Somali Times/Somalia’s Finance Minister Abdirahman Beileh By Reuters A key IMF-supported programme funding military wages and other essential services in Somalia could expire in May if there are any further delays to elections, the chief International Monetary Fund representative in the country said. Riven by civil war since 1991, the impoverished Horn of

A security officer stands guard at the entrance of Saudi Arabia’s Abqaiq oil processing plant on 20 September 2019 (AFP) By Middle East Eye Saudi Arabia has declined requests from the United States to increase its production of oil in order to reduce gasoline prices, instead sticking to an agreement not to pump more oil

People shop at a market stalls in east London, Britain, January 23, 2021. REUTERS/Henry Nicholls By Reuters British consumer pricesrose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a

Chinese contractors at a site near Isiolo town By Business Daily Africa Chinese contractors firmed their control of Kenya’s public infrastructure after receiving the bulk of the World Bank-funded projects. A sample of recent Kenya National Highways Authority (KeNHA) road projects worth Sh71.9 billion funded by the multilateral lender and the government are all being