Business

COVID-19: Kenya Airways loses $100 million in revenue

Kenya Airways has lost an estimated $100 million in revenue as a result of the coronavirus pandemic and related lockdowns,…

June 26, 2020

Business: Kenya and South Africa dominate Africa’s private equity fund

Kenya has attracted Venture Capital deals worth Sh74.3 billion in the past five years, second highest in Africa after South…

June 25, 2020

South Africa urges creditors to back rescue plan

South Africa’s public enterprises ministry on Wednesday urged creditors to back a rescue plan for cash-strapped South African Airways (SAA).…

June 24, 2020

Business: Sasol’s troubled Lake Charles project now operating at 86% capacity

Sasol's delayed multibillion dollar Lake Charles project in the US is now operating at 86% of its total capacity. The…

June 23, 2020

Business: Ramaphosa Warns of More Job Losses in South Africa

South African President Cyril Ramaphosa warned of widening job losses as the effects of a shutdown to curb the spread…

June 22, 2020

Business: Mboweni’s dark hour | This week’s budget may unite leaders or crush the facade

Finance Minister Tito Mboweni is a man who is not above using humour to get a sincere point across. He…

June 21, 2020

Business: Hope renewed as agency vows revived railway use in Kenya

A team of technocrats and politicians commuting on a trial run on the Nairobi-Nanyuki railway escaped unhurt when their one…

June 20, 2020

WTO PRESIDENCY: Benin drops candidate in support on Nigeria

She is for the moment the most formidable African candidate for the post of president of the World Trade Organization.…

June 19, 2020

Business: Junior miners fight for survival in COVID-19 storm

While the mining industry overall was hard hit by the coronavirus pandemic, it is junior miners who sustained the heaviest…

June 18, 2020

Business: 22,000 Edcon employees set to get retrenchment notices

SA's biggest non-food retailer Edcon has served 22,000 of its employees with notices of retrenchments as it blames load-shedding and…

June 17, 2020

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