US Stocks; Amazon, Microsoft, Didi
Stocks on Wall Street closed lower on Tuesday following an extended weekend for America's Independence Day. The SP 500 closed 0.20% lower after last week's breaking of its 7-dayrallylast seen [...]
KenGen to Earn KSh 119 Million from 550,981 Carbon Credits Sale
Kenya Electricity Generating Company (KenGen) is to benefit from its Clean Development Mechanism (CDM) Projects, earning an estimated KSh 119 Million. This follows the issuance of additional 309,495 Certified Emission [...]
KCB, Equity Group On List of Africa's Top 25 largest lenders
KCB Group is placed in the first position as East Africa's largest lender according to the 2021 Top 1,000 World Banks Ranking released by The Banker Magazine. These rankings are [...]Relief for Boeing as United Airlines Orders 200 737 MAX Jets
United Airlines has ordered an additional 200 Boeing 737 MAX jets, the largest single airplane order for a U.S. airline since American Airlines ordered 200 MAX planes in July 2011. [...]
IMF Approves $56 Billion Debt Relief for Sudan
The International Monetary Fund (IMF) has approved close to $56 billion in debt relief for Sudan, accepting the country into the Highly Indebted Poor Countries (HIPC) initiative. This is alongside [...]Rolls Royce Invests in Energy Startup, Kowry Energy
Rolls Royce has announced that it is investing in Berlin-based start-up Kowry Energy, a provider of sustainable and decentralized energy systems that supports the sustainable expansion of energy infrastructure in [...]Google Rolls Out $6 Million Programme to Support African Startups
Google has rolled out three programmes worth $6 million, seeking to support women and young entrepreneurs and innovators in at least thirteen African countries. In the first programme, the firm [...]US Stock Markets Updates
Stock markets in the United States closed mostly lower on Wednesday amid release of economic data reports which showed an improved recovery pace. The country's private sector activity fell by 4.8 [...]Rockefeller Foundation, IFC Partner to Increase Energy Access in Sub-Sahara Africa
70% of homes in Sub-Saharan Africa lack electricity connection. The Rockefeller Foundation, one of the most famous philanthropies, has partnered with the International Finance Corporation (IFC) to invest in renewable [...]
US Stock Markets Brief; Microsoft, Adobe, Google, NVIDIA
Major indices in the US stock markets on Thursday's session closed mixed with Nasdaq 100 hitting a record high mainly driven by technology and chip stocks such as NVIDIA Corp [...]Emirates Group Reports $6 Billion Loss
Emirates Group has reported a $6 billion loss in the Financial Year to 31st March 2021, citing the adverse impact of the global COVID-19 pandemic. A first in over 30 [...]Sub-Saharan Africa slips into Worst Recession in 60 years-World Bank
Output for economies in Sub-Sahara Africa collapsed by 2.4% in 2020 due to the COVID-19 pandemic.This was the region’s first economic contraction in a generation and the deepest recession since [...]
