Business

The High Court, Nairobi, Monday reversed President Kenyatta’s order transferring the Kenya Meat Commission from the Ministry of Agriculture to Defence. According to the ruling, the decision was done irregularly. Justice Anthony Mrima said the move violated Article 10 of the Constitution, due to lack of public participation, but noted…

Consumers are set to feel the pinch as the retail prices for Petrol, Diesel, And Kerosene hike in the latest review by the regulator. The Energy and Petroleum Regulatory Authority (EPRA) has increased the pump price for a litre of super petrol by Sh8.19, to retail at Sh115.18 per litre…

Air Namibia, the southern African nation’s cash-strapped flagship carrier, suspended all operations from Thursday after a government decision to file for voluntary liquidation. The airline has failed to turn around its fortunes despite years of state bailouts. “All flight operations will be cancelled, with all aircraft returning to base,” Air…

Ngozi Okonjo-Iweala, an economist and former finance minister of Nigeria, appears set to become the next director general of the World Trade Organization, with the Biden administration announcing its “strong support” for her candidacy on Friday. She would be the first woman and the first African national to lead the…

UK regulators have pulled the broadcasting license for China Global Television Network, or CGTN. Media regulator Ofcom said Thursday that it had withdrawn the Chinese state-owned channel’s license after an investigation “concluded that the license is wrongfully held by Star China Media Limited.” Ofcom said that Star China Media Limited…

Tesla has officially finally agreed to recall 134,951 Model S and Model X vehicles due to touchscreen display failures. The displays can fail, resulting in a number of potential problems for Tesla owners, according to Reuters. The move begrudgingly comes after U.S. auto safety regulators sought the recall a month…

Kenya Airways on Friday announced the temporary suspension of flights to France and the Netherlands due to new COVID-19 regulations that have been imposed in the European nations. Kenya Airways said in a statement issued in Nairobi that the short term halt of services affects flights to France – Charles…

Jack Ma resurfaced for the first time since China’s government began clamping down on his business empire nearly three months ago, appearing in a live-streamed video that sent Alibaba Group Holding Ltd.’s stock soaring but left plenty of unanswered questions about the billionaire’s fate. Ma spoke briefly on Wednesday during…

The Paris Club of international creditors said on Monday it had accepted a request from Kenya for a debt-servicing suspension from January to the end of June. “Kenya is committed to devote the resources freed by this initiative to increase spending in order to mitigate the health, economic and social…

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. The…