Featured Oil & GasPetroleum dealers in Africa hoard fuel productsInternational Finance Business DeskJune 10, 2020June 11, 2020 by International Finance Business DeskJune 10, 2020June 11, 2020 The Energy and Petroleum Regulatory Authority has issued a warning with financial penalties, jail terms and permanent revocation of licences... Read more
Banking FeaturedNCBA Bank develops rationalisation strategy to merge branchesInternational Finance Business DeskJune 9, 2020 by International Finance Business DeskJune 9, 2020 With this decision, NCBA Bank's number of branches in Kenya will reduce to 68... Read more
Banking FeaturedSouth African banks under strain; sharpest decline in earningsInternational Finance Business DeskJune 8, 2020 by International Finance Business DeskJune 8, 2020 The banks are also forced to cut interest rates because of the pandemic... Read more
Featured Oil & GasChina’s oil demand rebounds to 90% pre-Covid-19 levelsPritam BordoloiJune 4, 2020 by Pritam BordoloiJune 4, 2020 Demand is expected to reach 92% in May... Read more
Featured HealthcareSaudi STC launches digital initiatives to fight Covid-19Pritam BordoloiJune 3, 2020 by Pritam BordoloiJune 3, 2020 The initiatives are in line with the precautionary measures taken to reduce the spread of the virus in the Kingdom... Read more
Banking FeaturedJapan’s Shinsei Bank acquires UDC Finance for $480 mnPritam BordoloiJune 2, 2020 by Pritam BordoloiJune 2, 2020 This is Shinsei’s biggest acquisition till date... Read more
Featured LogisticsFedEx, Microsoft to boost commerce in post-pandemic worldInternational Finance Business DeskMay 22, 2020May 22, 2020 by International Finance Business DeskMay 22, 2020May 22, 2020 FedEx Surround will change the game for logistics industry with real-time analytics... Read more
Featured ForexIMF lends $739 mn to Kenya; foreign reserve rises 9%International Finance Business DeskMay 20, 2020May 20, 2020 by International Finance Business DeskMay 20, 2020May 20, 2020 The country's usable foreign exchange reserves increased to $8,532 mn as of May 14... Read more
Featured Ports and ShippingKPA offers extension period for free storage of cargo containersInternational Finance Business DeskMay 19, 2020May 19, 2020 by International Finance Business DeskMay 19, 2020May 19, 2020 Importers and exporters will face charges ranging between $30 and $90 per day for cargo at the port beyond the extension period... Read more
Featured FintechUK fintechs might have lost up £1.4 bn in investmentsInternational Finance Business DeskMay 15, 2020May 15, 2020 by International Finance Business DeskMay 15, 2020May 15, 2020 A study conducted by Qadre and techUK shows that 59% of fintech founders in the country have lost investment opportunities... Read more