(NAIROBI, KENYA) – Kenya’s budget deficit is expected to widen by KES 143 billion to KES 1.288 trillion. The increase is driven by higher interest payments on domestic debt and possible tax cuts ahead of the 2027 general elections. The deficit figure is equal to about $8 billion or £6.3Continue Reading
(LONDON, UK) – Jaguar Land Rover has reported a sharp drop in sales after a fire at a parts supplier and disruption linked to the conflict in the Middle East hit the supply of new vehicles. The company is the largest car manufacturer in Britain and is owned by India’sContinue Reading
(SYDNEY, AUSTRALIA) – Australian shares closed out their worst week since April. Financial stocks dipped and miners fell. The energy sector slipped on Friday but still gained 2.8 percent for the week on the back of strong oil prices. Hopes for a deal to reopen the Strait of Hormuz faded.Continue Reading
(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
