The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. Photographer Toby Melville/File Photo By Reuters UK stocks inched lower on Monday led by a drop in shares of real estate investment trusts, while investors awaited key economic data to assess the strength of the British economy. The

Kenya’s National Treasury and Economic Planning Prof Njuguna Ndung’u (C), Rwanda Central Bank Governor John Rwangombwa (R) and looking on, South Sudan Finance and Economic Planning Minister,Dier Tong Ngor during the East Africa Constituency Ministers and Governors Meeting at IMF Headquarters in Washington DC, USA on April 15, 2023. Photo/Pool By The East African The

Signage of the World Bank. Photo/Pool By Business Daily Africa The size of Kenya’s debt from the World Bank crossed Ksh1.5 trillion ($9.99 billion) in June on increased disbursements and depreciation of the shilling. Fresh data published by the Central Bank of Kenya shows Kenya’s outstanding loan to the multilateral lender stood at Ksh1.57 trillion

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. Reuters/Nick Oxford//File Photo By Reuters Oil prices dipped on Tuesday following the previous session’s slump, while a flurry of economic

By The African Exponent Tanzania has entered into a 30-year port management agreement with the United Arab Emirates (UAE) that has generated opposition, but aims to enhance the nation’s port capabilities. The deal involves Dubai Port (DP) World assuming control of four berths or quays at Dar es Salaam, Tanzania’s largest port, and partnering with

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. Reuters/Drone Base/File Photo By Reuters Oil prices were up on Friday after the U.S. tightened its sanctions programme against Russian crude exports, raising supply concerns in an already tight market, and global inventories

Kenya has started talks with the International Monetary Fund and other development financial institutions for a new loan. Photo/Shutterstock By Business Daily Africa Kenya has started talks with the International Monetary Fund (IMF) and other development financial institutions for a new loan to help it settle the $2.0 billion (Sh297.6 billion) Eurobond whose repayment is

The Central Bank of Kenya in Nairobi By Business Daily Africa Kenya’s financial markets standing on the continent has taken a major beating from the country’s foreign exchange trouble tied to dollar shortages and a fall of forex reserves. According to the 2023 Absa Africa Financial Markets Index, to be launched on Tuesday, Kenya’s country

By Reuters U.S. stock futures slid on Monday as the military conflict in the Middle East lifted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week. Holidays in Japan and South Korea made for thin conditions but the initial bid was for bonds

The Central Bank of Kenya in Nairobi By Business Daily Africa Soaring fuel prices have handed the Central Bank of Kenya (CBK) a new price stabilisation headache ahead of its key policy rate meeting on Tuesday. International oil prices have continued to rise in recent weeks, driven primarily by tight supply and resilient demand. Murban