KRA recovers Ksh.139 million from hidden offshore assets

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has recovered an estimated Ksh.139 million ($1.3 million) from the recent uncovering of offshore assets through inte...

Kenya Revenue Authority (KRA) , offshore assets

China can shut off country’s electricity at any time – Philippines warned

By Citizen Reporter,

It has now emerged that the Philippines' power grid is under the full control of the Chinese government and could be shut off in time of conflict. ...

Electricity , Philippines

Uganda not worried China will seize assets over rising debt

By VOA,

Uganda's growing debt is sustainable, and the country is not at risk of losing state assets to China, the country's finance minister, Matia Kasaija, s...

China debt , Museveni , uganda

Exclusive: Saudi private jet industry stalls after corruption crackdown

By Reuters,

A crackdown on corruption in Saudi Arabia has severely dented the kingdom’s private jet industry in a sign of the impact the campaign has had on pr...

Philippines court defers Imelda Marcos arrest after her graft conviction

By Reuters,

Former Philippines first lady Imelda Marcos was granted bail on Friday after convincing a court to defer her arrest following her conviction a week ag...

Ferdinand Marcos. , Imelda Marcos , Philipines anti-graft court , President Rodrigo Duterte

Why the wealth of Africa does not make Africans wealthy

By CNN,

Katanga province in the Democratic Republic of Congo is blessed with enormous natural wealth, including vast deposits of precious minerals such as dia...

a former correspondent in Lagos and Johannesburg , According to a UN report , and abject poverty in DR Congo , Anvil Mining in Kilwa village , Burgis , Democratic Republic of Congo. , Katanga province , rampant violence , staggering wealth , the Congolese army , Why the wealth of Africa does not make Africans wealthy

Sally Kosgei defends buying Ksh.100 million house in London

By Citizen Reporter,

Sally Kosgei, former Agricultural Minister in Moi's government is on the spot for having purchased a prime piece of real estate in London. Kosgei, ...

Harrods , ICIJ , London. , panama papers , Paradise Papers , sally kosgei

Qatar ‘extremely comfortable’ despite sanctions, markets stabilize

By Reuters,

Qatar's financial markets stabilized on Monday after a week of losses as the government showed it could keep the economy running in the face of sancti...

President Kenyatta In Qatar , Qatar Airways , Qatar Football Association , Qatar National Bank investigating alleged data hack , Qatar World Cup , Qatari Mohamed Bin Hammam

Congo’s pricey passports send millions of dollars offshore

By Reuters,

One day in November 2015, President Joseph Kabila visited his foreign ministry and smiled broadly as a computer took his photograph and fingerprints. ...

corruption , Democratic Republic of Congo (DRC) , Joseph Kabila , M23 , Passport

Experts hail tax amnesty on offshore income

By Citizen Reporter,

Tax experts have welcomed the government's move to give amnesty to Kenyans with offshore investments. Treasury Cabinet Secretary Henry Rotich durin...

experts , hail , offshore income , tax amnesty

Ugandan shilling stable for second day, eyes key rate decisions

By Agencies,

The Ugandan shilling was stable for a second consecutive day on Tuesday, amid slow trading and expectations the local currency will remain rangebound....

Forex , markets , uganda , ugandan shilling

High rates boost Kenyan shilling

By Agencies,

Kenya's shilling firmed on Friday on dollar inflows from offshore investors interested in buying high-yielding government debt as the benchmark share ...

dollar , kenya , kenyan shilling , shilling

OPINION: Rich But Poor: Exorcising Africa’s Resource Curse

By Citizen,

Today, multinational companies are competing for a stake in Simandou’s ore, with billions of dollars of investment in prospect. Together w...

Opinion