Business

Kenyans are expressing their anger over fuel price hikes announced on Sunday in the latest adjustment by the energy regulator. The price of fuel in the country is determined by a government authority, which sets the maximum prices of each type of fuel. In computing the retail price, the Energy …

American businessman Warren Buffett on Wednesday joined the closed circle of leaders whose fortune exceeds 100 billion dollars, which includes Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates, according to Forbes magazine. On Wednesday, his firm Berkshire Hathaway‘s share price hit an all-time high, pushing his fortune to $ …

Member states of the World Trade Organisation will on Wednesday begin talks on a joint proposal by India and South Africa to suspend patents on coronavirus vaccines to increase production. It’s supported by more than 100 developing countries, many of whom have not yet made a meaningful start to their …

Saudi Arabia’s King Salman approved a range of initiatives aimed at assisting firms and individuals operating in support of Islamic pilgrimages, Saudi state news agency SPA said late on Monday. The initiatives are aimed at mitigating the financial and economic effects of the COVID-19 pandemic across the sector that provides …

The Central Bank of Nigeria has introduced a scheme that would offer a reward of five naira for every $1 sent by Nigerians living abroad through international money transfer operators in the country in what it calls “naira for dollar”. It is a step that shows Nigeria’s reliance on diaspora …

Dr Ngozi Okonjo-Iweala, Nigerian-American, starts work as the new head of the World Trade Organisation (WTO) on Monday. Former finance and foreign minister of Nigeria, Ngozi Okonjo-Iweala is the first woman and first African to run the WTO. According to the new leader, tackling the health and economic consequences of …

A judge in Paris has ruled that the corruption trial of a leading French industrialist should go ahead, despite his guilty plea. The court decided that the case against Vincent Bolloré was so serious that it should not be settled, as agreed with prosecutors, with a $450,000 fine. Mr Bolloré …

His history is particularly astonishing. Figgers was abandoned as a baby next to garbage cans in the Florida countryside. Freddie Figgers currently runs a company worth $ 62 million. A passerby found him alone and in distress and called the police. The child was hospitalized with minor injuries for two …

The information may well surprise. But it’s more than a reality. According to several sources, the famous French brand Louis-Vuitton is not used to sales. The luxury leather goods and ready-to-wear house systematically burns all products that could not be sold. Accessories from the famous brand of French businessman Bernard …

Congolese President Denis Sassou-N’Guesso, on Sunday February 21, laid the foundation stone for the new Congo refinery in Fouta, a locality located about 20 km east of Pointe-Noire. Chinese investors are behind this oil project scheduled to be operational in 2023. In 2023, Congo will have a new crude refinery …