Business Daily Africa

Acacia Mining threatens to sue Tanzania

Acacia Mining has threatened to sue the government in international court if it fails to reach a negotiated resolution over ongoing disputes between the two parties.

Business Daily Africa Oct 19, 2018

Tanzania police work with Interpol to search for abducted tycoon

Africa’s youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, was kidnapped in a car that had arrived from “a neighbouring country”, police said on Friday.

Business Daily Africa Oct 19, 2018

KWS celebrates 'breakthrough' removal from ivory trade list

The Convention on International Trade in Endangered Species (CITES) approved the decision to remove Kenya from a group of eight countries leading as source and transit points for illegal ivory, rhino horn and pangolin scales shipped into Asia.

Business Daily Africa Oct 19, 2018

Bamburi taps ex-Unilever executive in management changes

Bamburi Cement has named former Unilever executive Grace Oluoch as its new finance director, taking over from Eric Kironde who headed the key unit since 2011.

Business Daily Africa Oct 19, 2018

Two innovators picked for KQ's inaugural US flight

Wadongo is a young engineer who designed a solar-powered LED lantern called Mwanga Bora, an invention which is fast replacing smoky kerosene lamps and firelight in rural Kenya.

Business Daily Africa Oct 19, 2018

New Kwale payments system hits suppliers

Kwale County Governor Salim Mvurya has assured suppliers that his government will pay all its creditors in two weeks’ time after adoption of a new electronic procurement platform occasioned delays.

Business Daily Africa Oct 19, 2018

Sub-Saharan Africa's big economies yet to recover

Sub-Saharan Africa’s economic recovery will progress slowly into next year, as the continent’s biggest drivers struggle to move into higher gear despite a healthier global economy, a Reuters poll found on Friday.

Business Daily Africa Oct 19, 2018

Landlord now kicks Uchumi out of Nairobi headquarters

Retail chain Uchumi Supermarkets' troubles have deepened after it was evicted from its Nairobi Industrial Area headquarters over its failure to pay millions of shillings in rent arrears.

Business Daily Africa Oct 19, 2018

Hunt for anti-graft boss Waqo’s successor kicks off

The Ethics and Anti-Corruption Commission (EACC) has intensified its search for a new chief executive to succeed Halakhe Waqo, whose term at the helm of the agency comes to an end in less than three months.

Business Daily Africa Oct 19, 2018

How KRA signed Sh17bn contract it cannot cancel

The Kenya Revenue Authority (KRA) signed a Sh17 billion excise tax stamps supply agreement with a Swiss firm without any provisions for compensation in the event of a breach of the contract, Parliament heard yesterday.

Business Daily Africa Oct 19, 2018
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