Business / Finance
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Trio Wins Economics Nobel for Work on Wealth Inequality
The Nobel prize in economics was awarded on Monday to Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson for research into wealth inequality between nations.
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Kampuni ya Adani kuwekeza katika mradi wa nyaya za Umeme Tanzania
Nchini Kenya, Adani iko katika mazungumzo na kampuni ya kusambaza umeme nchini humo kwa makubaliano ya kujenga nyaya za umeme zenye thamani ya dola milioni 736. Pendekezo la kundi hilo la kuendesha uwanja wa ndege…
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Tanzania in $900M partnership talk with Adan Group to invest in power lines
In Kenya, Adani is in talks with the nation’s electricity transmission company for a concession to construct high-voltage power lines valued at $736 million. The group’s proposal to run the nation’s main airport in the…
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Safaricom Introduces M-PESA Ratiba
M-PESA Ratiba allows M-PESA users to set up recurring (standing order) payments from their M-PESA accounts to other M-PESA users or Lipa na M-PESA shortcodes.
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Rais William Ruto asifia Ford Foundation kwa kulinda demokrasia Kenya
Rais William Ruto amelilimbikizia sifa Shirika la Ford Foundation kwa kusaidia kulinda demokrasia nchini Kenya.
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Kenya Officially Joins the AIIB as a Fully Paid Member
Kenya has officially joined the Asian Infrastructure Investment Bank (AIIB) as a fully paid member. While meeting with the AIIB President and Board of Directors Chairman Jin Liqun and other officials at the bank’s…
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S&P downgrades Kenya credit rating citing tax hike U-turn
S&P Global Ratings lowered its long-term sovereign credit rating on Kenya to B- from B
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KQ Returns to Profit After 10 Years
For the first time in more than ten years, Kenya Airways is once again profitable after being bolstered by the state’s restructuring of its debts and decreased susceptibility to changes in foreign exchange. The airline…
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Tanzania Agrees to Pay Tsh237 Billion to Settle Dispute with Australian Miner
This agreement not only ends a lengthy dispute but also saves both Tanzania and Indiana Resources considerable time and costs associated with further legal battles.
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Moody’s Rating: Kenya’s National Debt Trend is Bad
The American credit rating company Moody’s has downgraded Kenya to the lowest level of debt repayment. According to Moody’s, Kenya has been Demoted to Caa1 (Rated as poor quality and very high credit risk) from…
