File – Britain’s Chancellor of the Exchequer Rishi Sunak holds a press conference in the Downing Street briefing room, London, Thursday Feb. 3, 2022. People across the United Kingdom will face tough choices in coming months as energy costs for millions of households are set to rise by 54% on Friday. It’s the second big

File – In this photo released by Xinhua News Agency, Chinese Foreign Minister Wang Yi, right, stands next to Mullah Abdul Ghani Baradar, acting deputy prime minister of the Afghan Taliban’s caretaker government, in Kabul, Afghanistan, Thursday, March 24, 2022. China’s ambitions to play a major hand in Afghan stability and economic development under the

File- French President Emmanuel Macron speaks during a media conference, after an extraordinary NATO summit and Group of Seven meeting, at NATO headquarters in Brussels, Thursday, March 24, 2022. (AP Photo/Thibault Camus, File) By Reuters French President Emmanuel Macron on Tuesday told his Russian counterpart, Vladimir Putin, that it was not possible for Western gas

By Business Daily Africa Debt repayments will for the first overtake the national government’s recurrent spending on items like civil servant salaries under President Uhuru Kenyatta’s successor in the year starting July, underlining the burden of mounting State borrowing. Treasury chiefs project in the supplementary budget under parliamentary review that Kenya will spend Sh1.36 trillion

By Anadolu Agency The Russian president on Monday instructed the government, central bank, and Gazprom company to switch to rubles by March 31 the payments for the deliveries of gas to “unfriendly countries.” President Vladimir Putin also called for a report on the implementation of the assignment on March 31, a statement on the Kremlin

The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville By Reuters British bank Barclays disclosed on Monday around a 450 million pound ($591.80 million) loss on mishandled structured products and said this meant

Aliko Dangote during a visit to the fertilizer plant under construction in Lagos State. Photographer Andrew Esiebo for Bloomberg Businessweek By Face2Face Africa Africa’s richest man, Aliko Dangote, has opened the largest fertilizer plant on the continent. The plant, based in Africa’s biggest economy, Nigeria, was opened at the cost of $2.5 billion, according to

U.S. President Joe Biden, center, speaks with from left, German Chancellor Olaf Scholz, Luxembourg’s Prime Minister Xavier Bettel and European Council President Charles Michel during a round table meeting at an EU summit in Brussels, Thursday, March 24, 2022. As the war in Ukraine grinds into a second month, President Joe Biden and Western allies

President Uhuru Kenyatta (left), James Ndegwa (centre) and Equity Group chief-executive James Mwangi. By Business Daily Africa The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa and Equity Group chief executive James Mwangi will pocket Sh1.62 billion in the wake of record banking profits that have delivered outsize shareholder payouts. The

By Business Daily Africa Ethiopia has constituted a committee to liberalise the banking sector, taking a major step in opening the door for Kenyan lenders such as KCB Group to set up operations in the populous nation. The committee has already started work to amend Ethiopia’s half-a-century old financial code, local reports said meaning the