Saturday, August 19, 2017
Wardheer News

Africa Most Expensive Place to Send Money, Says Report

By Dorothy Nakaweesi, the Monitor Kampala — Sending remittances to Africa is more expensive than anywhere else in the world, a new global report has shown. The report – Reducing the costs and scaling up service provision for remittance flows from … Continued

Kenyan central bank sells dollars after shilling weakens

NAIROBI (Reuters) – The Kenyan central bank pumped in dollars into the market on Friday after the shilling weakened against the dollar, trader said. The shilling had weakened to 103.55/75 per dollar, mainly due to heavy demand from clients like … Continued

Dubai-based firm wins bid for Garissa-Mandera road

A Dubai-based investment company which is constructing Africa’s tallest building in Nairobi, says it has clinched a deal to build the Garissa-Rhamu-Mandera road under the annuity financing framework. White Lotus Group vice chairman Raju Poosapati told the Business Daily that … Continued

Embattled Uber CEO Kalanick to take leave of absence

Uber chief executive Travis Kalanick announced Tuesday he would take an indefinite leave of absence as the embattled ridesharing giant unveiled steps to reform a corporate culture marred by a series of embarrassing revelations. The pioneering company has been facing … Continued

Omani firm says no job cut after Hass buy

Hass Petroleum said yesterday selling of 40 per cent stake to Oman Trading International (OTI) would involve neither change management team nor staff layout. The company said in a press release that the transaction entails sell of minority stake to … Continued