Business

The secret deals and hidden assets of some of the world’s richest and most powerful people have been revealed in the biggest trove of leaked offshore data in history. Branded the Pandora papers, the cache includes 11.9m files from companies hired by wealthy clients to create offshore structures and trusts…

Kenyans should now brace themselves for higher transport costs and prices for key food items for the next one month following the fuel hike by the Energy and Petroleum Regulatory Authority (EPRA). In the new pump prices released by the authority, the price of Super Petrol, Diesel and Kerosene increased…

South African Airways (SAA) is set to resume flights from Sept. 23, after remaining grounded for more than 15 months. “The wait is finally over. In just under a month, the striking and familiar livery of SAA will once again be visible in the skies as the airline resumes operations,’’…

Kenya’s flag carrier announced on Friday that it would take measures to eliminate person-to-person contact by introducing cashless transactions as part of the fight against the coronavirus. Chief commercial and customer experience officer for Kenya Airways, Julius Thairu, said the airline was encouraging customers to use mobile money payments, debit…

Jeff Bezos, the richest human in the world, went to space on Tuesday. It was a brief jaunt — rising 60-some miles into the sky above West Texas — in a spacecraft that was built by Mr. Bezos’ rocket company, Blue Origin. The flight, even though it did not enter…

Sudan fully scrapped fuel subsidies, according to a statement by the Ministry of Energy and Oil on Wednesday. The statement said fuel prices to customers will be determined by fuel distribution companies in the country. The decision saw the price of gasoline shoot up from 150 Sudanese pounds ($0.35) per…

Kenyans are gripped with anxiety ahead of the tabling of the projected Ksh 3.6 trillion for the country’s budget for the year 2021/2022 which is scheduled to be presented to parliament by Cabinet Secretary National Treasury Hon. Ukur Yatani tomorrow, June 10, 2021. Residents are optimistic that the budgetary projections…

The Ethiopian government on Saturday awarded a telecom service license to the Global Partnership for Ethiopia, a consortium of telecom companies. The consortium, which includes Vodafone, Vodacom, Safaricom, Sumitomo Corporation, and the CDC Group, won the bid offering $850 million, two million dollars more than the second-highest bidder, the office…

President Uhuru Kenyatta has applauded Kenya Defence Forces (KDF) for reviving Kenya Meat Commission (KMC) saying the Government’s decision to transfer the meat processor to the Ministry of Defence was aimed at salvaging the livestock sector which is a mainstay for millions of Kenyans. “As a key stakeholder and consumer…