Category: Business

The refunds from the African Union Transition Mission in Somalia (Atmis), formerly the African Union Mission in Somalia (Amisom), grew from Ksh3.6 billion ($24.8 million) in the previous year.

This week, Chinese officials endured vitriol on the sidelines of the Summit in South Africa over Beijing’s support for fossil fuel projects in Africa. 

Documents tabled before the Senate Committee on Information and Technology have revealed a battle that a few weeks ago led to the disruption of Telkom network services across the country.

This was a nearly four-fold rise compared to the gains worth Ksh3.96 billion ($27.35 million) reported in the first half of last year.

The tap sale on the dual-tranche bond that combines a two-year and a reopened five-year paper, opened on Tuesday and will run until August 24, but can end earlier once the target amount is achieved.

The unclaimed benefits were part of accrued payments of Ksh3.6 billion ($24.9 million) at the end of the period, which the state-owned pension fund continually pays out to retirees at the end of their working days.

The AfDB disclosed that the Treasury has applied for the $150 million in a review of the programme to be rolled out before the end of this year to light up an estimated 150,000 homes in 45 counties that exclude Nairobi and Mombasa.

The EAC Council of Ministers who met on August 14 failed to resolve the matter, with the Democratic Republic of Congo demanding that the EAC Secretariat include funds for translation and interpretation services in the already approved budget.

The Strategic Trade and Investment Partnership (Stip) will be the first significant trade partnership between the US and a country in Sub-Saharan Africa. Countries in the region currently rely on the African Growth and Opportunity Act (Agoa), which offers duty- and quota-free access to the US market....

Safaricom Ethiopia’s Mobile Financial Services, the company that will be running M-Pesa, was unveiled on Wednesday as it seeks to replicate the success that has been seen in Kenya.