Sportpesa CEO Ronald Karauri. By Business Daily Africa The UK government is set to inherit Sh2 billion worth of assets held by Liverpool-based SPS Sportsoft Limited, a gambling software and support services firm which has the same shareholders as SportPesa. The company’s biggest client, Kenya-based Pevans East Africa Limited, ceased operations in 2019 after the

A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File Photo Reuters By Sujata Rao World stocks started the week on the backfoot on Monday, slipping to

In this photo provided by the New York Stock Exchange, floor traders, including Phyllis Arena Woods, right, gather in remembrance on the eve of September 11th, on the Exchange trading floor, Friday Sept. 10, 2021. (Courtney Crow/New York Stock Exchange via AP) Associated Press By DAMIAN J. TROISE and ALEX VEIGA Stocks edged lower in

National Treasury and Ministry of Planning Cabinet Secretary Ukur Yatani during launch of the 2021 Economic Survey Report on September 9, 2021/Daily Nation Jeff Angote. By Daily Nation Kenya’s economy contracted by 0.3 per cent in 2020 compared to a 5 per cent growth in 2019, as it took a hit from the Covid-19 pandemic.

A currency trader passes by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 9, 2021. Shares fell in Asia on Thursday after further

A sign reads: “Exclusive Bitcoin register” in a Starbucks store where the cryptocurrency is accepted as a payment method, in San Salvador, El Salvador September 7, 2021. REUTERS/Jose Cabezas By Reuters Bitcoin licked its wounds on Wednesday, a day after its heaviest losses in 2-1/2 months as El Salvador’s historic adoption of the crypto asset

Photo/Somali Times The outgoing President of the Federal Republic of Somalia, Mohamed Abdullahi Farmajo, received credentials from the new Ambassador of the European Union, Tiina Intelmann at the Presidential Palace. The new EU Ambassador to Somalia, Tiina Intelmann, shared with the President her commitment to strengthening relations and cooperation between Somalia and the European Union,

British Prime Minister Boris Johnson leaves 10 Downing Street to give a statement on Afghanistan at the Houses of Parliament, in London, Monday, Sept. 6, 2021. The United States and other nations including Britain were caught off-guard by the Taliban’s swift conquest of Afghanistan, having failed to predict how quickly the Western-backed Afghan government would

A woman exercises with a dog near the City of London financial district, in London, Britain, April 30, 2021. REUTERS/John Sibley Reuters By Huw Jones Britain needs to ease taxes on banks and make it easier to hire staff from abroad, its financial and professional services lobby said in a blueprint to help London unseat

A woman wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Monday, Sept. 6, 2021. Asian stock markets rose Monday after weak U.S. hiring in August fueled expectations the Federal Reserve might postpone withdrawal of economic stimulus that has boosted stock prices. (AP Photo/Kin Cheung)