Uganda begins anti-venting law to prevent gas flaring
The Ugandan National Government says it has drawn lessons from Nigeria and other African countries by enacting anti-venting law which...
Foreign
G-7: Finance chiefs address global economic, U.S. debt crisis looms
Group of Seven (G-7) finance chiefs have warned of heightened uncertainty and vowed to take actions to ensure financial stability...
China’s Oppo to shut down chip design unit as Smartphone sales slump
Chinese smartphone maker, Oppo said it will shut down its chip design unit, citing uncertainties in the global economy and...
ICIEC signs €36m Sovereign Non-payment Insurance with banks
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), signed additional €36 million uplift to the existing...
ITFC signs $750m agreements with OIC member countries, others
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has signed 12 major...
ICIEC signs $25m contract for dredging project in UAE
Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a US$25m Contract Frustration Insurance Policy with Boksalis...
Inflation easing in Rwanda
The National Bank of Rwanda (NBR) has kept its central bank rate (CBR) unchanged at seven percent, despite International Monetary...
Ethiopia grants licence to Safaricom to launch M-Pesa
Ethiopia has granted Safaricom a licence to launch M-Pesa services in the populous nation that is largely unbanked. The telco...
China maintains stable grain production
Cong Liang, head of the National Food and Strategic Reserves Administration, said that China has maintained steady development in terms...
Kenya to secure another $1bn loan from World Bank
Kenya is standing in line to secure another Ksh136.6 billion ($1 billion) loan from the World Bank as it seeks...
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