Gov’t silent on revenue sharing deal with Turkana oil partners

By Kepha Muiruri,

The Ministry of Petroleum has brushed aside questions regarding its revenue sharing agreement with its oil exploration partners among them Tullow. ...

Andrew Kamau , Early Oil Pilot Scheme (EOPS) , Petroleum Ministry , Tullow

Chinese firm buys Kenya’s first Ksh.1.2 billion crude oil

By Faizal Ahmed,

Chinese firm ChemChina UK Limited has been selected as the buyer of Kenya’s first crude oil export. In an announcement, the government, together wi...

ChemChina UK Limited , crude oil , President Uhuru Kenyatta , Tullow Oil , turkana

Nigeria’s president moves to stop funding for food imports

By CNN,

Nigeria's President Muhammadu Buhari has instructed the country's central bank to stop providing foreign currency for food imports, according to a sta...

Africa Continental Free Trade Agreement (ACFTA). , Nigeria , President Muhammadu Buhari

Relief for motorists as petrol, diesel prices drop

By Kepha Muiruri,

The Energy and Petroleum Regulatory Authority (EPRA) has cut its maximum pump prices for both petrol and diesel by Ksh.2.86 and Ksh.3.28 respectively ...

EPRA , Inflation , petrol prices

Swila: Egypt projects itself as gateway to Africa with a beauty to boot

By Isaac Swila,

Isaac Swila A month has elapsed since my return from duty at the 32nd edition of the Africa Cup of Nations finals held in Egypt. With enough tim...

AFCON2019 , beauty , Cairo , Egypt , Swila

Kenya’s crude oil at top-end market valuation

By Kepha Muiruri,

Kenya’s commercial oil prospects have received a boost from the recent pricing of the first batch of crude oil at an optimal Ksh.6,216 ($60) per bar...

Early Oil Pilot Scheme (EOPS) , ministry of petroleum and mining , Tullow , Turkana crude oil

Kenya exports its first crude oil at Ksh.1.2B

By Faizal Ahmed,

President Uhuru Kenyatta on Thursday announced that Kenya has exported its first crude oil. Speaking when he chaired the cabinet, Kenyatta said the...

CBK leaves benchmark rate at 9 percent as economy holds steady

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained its lending rate to commercial banks for the eighth consecutive time to reflect on the stability of the c...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , Inflation , kenyan shilling

NSE taps into top stocks in safe-bet derivatives

By Kepha Muiruri,

The Nairobi Securities Exchange (NSE) has picked seven of the best performing shares on its 25 index to kickstart the derivatives market whose launch ...

nse

Trump says he aborted retaliatory strike to spare Iranian lives

By Reuters,

U.S. President Donald Trump said on Friday he aborted a military strike to retaliate for Iran’s downing of an unmanned U.S. drone because it could h...

Donald Trump aborted a military strike , unmanned U.S. drone

Trump says Iran ‘made a very big mistake’ by shooting down drone

By Reuters,

U.S. President Donald Trump on Thursday said Iran made “a very big mistake” by shooting down a U.S. military drone that Tehran said was on a spy m...

Iran , President Donald Trump , Speaker Nancy Pelosi , U.S

Sponsored: Infrastructure projects: Being on the lookout for cost overruns

By Sponsored,

“48 percent of projects were over budget and 87 percent of projects have a time overrun.” – Deloitte East Africa [1] It’s all fine and dand...

centum

Saudi seeks oil supply protection as U.S. and Iran face off

By Reuters,

Saudi Arabia called for swift action to secure Gulf energy supplies and joined the United States in blaming Iran for attacks on two oil tankers in a v...

Donald Trump , G20 , Gulf of Oman , Hiroshige Seko , Iran , Khalid al-Falih , Saudi Arabia , United States of America

U.S. President Trump speaks to UK PM candidate Boris Johnson

By Reuters,

U.S. President Donald Trump waded into Britain’s political crisis on Tuesday by telephoning Boris Johnson, the Brexit-supporting favorite to succeed...

Brexit deal , China’s Huawei , Trump UK Visit

Trump’s UK visit turns to Brexit and Huawei as protests planned in London

By Reuters,

Donald Trump will plunge into Britain’s Brexit crisis on Tuesday and is likely to demand that Prime Minister Theresa May’s successor ban China’s...

brexit , china , Donald Trump , Huawei , Prime Minister Theresa May’s , Prince Charles , Queen Elizabeth , United States

U.S. sanctions on Huawei send stocks reeling; yields fall

By Reuters,

European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the U.S. government hit Chinese telecoms giant Huaw...

bonds , gains , rise , stocks , yields

U.S. pressures Baghdad over Iran-backed militias

By Reuters,

Secretary of State Mike Pompeo’s surprise visit to Baghdad this month came after U.S. intelligence showed Iran-backed Shi’ite militias positioning...

Baghdad , Mike Pompeo , militia , President Donald Trump

Fuel prices rise significantly in latest price review

By Kepha Muiruri,

Motorists will from midnight, Wednesday incur additional charges at the pump, this as the Energy and Petroleum Regulatory Authority (EPRA) moves to im...

Energy and Petroleum Regulatory Authority , fuel prices

U.S. seizes North Korean ship it accuses of violating sanctions

By Reuters,

The United States has for the first time seized a North Korean cargo ship it accused of illicit coal shipments in violation of U.S. and United Nations...

China, India seen as Europe’s last hope to save Iran deal

By VOA,

The European Union will defend the Iran nuclear accord despite Tehran's decision to backtrack on its commitments in response to U.S. sanctions, diplom...