(NAIROBI, KENYA) – Jumia’s sales in Kenya reached a record KES 6.4 billion in the three months to June 2026. The figure is equal to about 49.7 million US dollars or 39.1 million British pounds. Strong demand for fashion and beauty items offset a fall in smartphone sales caused byContinue Reading
(KYIV, UKRAINE) – Ukraine’s iron ore exports fell by 27.3 percent in the first seven months of 2026. The country shipped 13.9 million tonnes of iron ore between January and July, down from the same period in 2025. The GMK Center industry publication reported the figures based on data fromContinue Reading
(NAIROBI, KENYA) – The Tax Appeals Tribunal has cancelled a KES 780 million tax bill against Bboxx Capital Kenya. The tribunal ruled that the Kenya Revenue Authority failed to prove how it arrived at the disputed tax assessment. The amount is equal to about 4.8 million US dollars or 3.8Continue Reading
(KYIV, UKRAINE) – More than 6,000 agricultural enterprises in Ukraine have received over UAH 44 billion in loans through the state affordable lending programme this year. The total is equal to about 1.19 billion US dollars or 938 million British pounds. The Ministry of Agrarian Policy and Food announced theContinue Reading
(KYIV, UKRAINE) – Ukraine is filling its gas storage facilities ahead of schedule and with almost no imports this year. The pace marks a sharp change from the same period in 2024. Andrian Prokip, head of energy programmes at the Ukrainian Institute for the Future think tank, gave the updateContinue Reading
(DAR ES SALAAM, TANZANIA) – Nigerian billionaire Aliko Dangote chose Kenya over Tanzania for a planned refinery in Lamu, a decision that has not pleased Tanzanian officials. The choice comes as Kenya and Tanzania compete to become the main logistics hub for East Africa, supported by projects such as theContinue Reading
(NAIROBI, KENYA) – Businesswoman Mary Wambui Mungai has failed in her attempt to remove the administrator appointed by Equity Bank to run her Glee Hotel Limited. The hotel owes the bank more than KES 7.75 billion, equal to about 47.8 million US dollars or 37.6 million British pounds. The HighContinue Reading
(KYIV, UKRAINE) – Russia is speeding up the creation of a shadow fleet to carry liquefied natural gas ahead of a full European Union ban on Russian LNG imports. The ban takes effect from 1 January 2027. The Foreign Intelligence Service of Ukraine reported the development. It said the KremlinContinue Reading
(KYIV, UKRAINE) – The Defence Procurement Agency of Ukraine has expanded the Prozorro Market electronic catalogue for military units to 15 categories of goods. The catalogue is used by military units that make purchases with decentralised budget funds. The Ministry of Defence announced the expansion. The catalogue previously offered onlyContinue Reading
(NEW YORK, USA) – Oil prices rose slightly on Friday, 14 August, after the United States threatened an indefinite naval blockade of Iran. The move revived concerns about crude oil supplies. Brent crude futures gained 1 cent, or 0.1 percent, to 87.08 US dollars per barrel. West Texas Intermediate crudeContinue Reading
