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Tanzania's seaport operations are set to undergo a major overhaul after private sector investors took over management of maritime assets with plans to boost the efficiency and competitiveness of Dar es Salaam Port in competing for…

The High Court has allowed former Cabinet Secretary Raphael Tuju to question an East African Development Bank official over his disputed loan with the regional lender. In a ruling in favour of Mr Tuju, Justice Alfred Mabia allowed an…

Plans by former ruling party Kenya African National Union (KANU) to reclaim the Kenyatta International Conference Center (KICC) have been dealt a blow after a judge ruled that it illegally obtained title to the land where the building is…

For many years, science fiction has painted an apocalyptic picture of artificial intelligence: cold calculators bent on subjugating humans. But in the world of finance, a different kind of artificial intelligence is emerging – one designed…

The budget comptroller lost his attempt to monitor counties' bank accounts in real time, derailing efforts to tame irregularities that have cast a shadow over how devolved units pay contractors and other bills. The matter, which…

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Breadcrumb Trail LinksPMN BusinessBritain is starting to rein in inflation at a quicker pace than the US, underscoring a divergence between the two economies that may allow the Bank of England to move sooner on cutting interest rates than…

Increased tension in the Middle East following Iran’s attack on Israel likely gives the Federal Reserve even more cause to go slow on rate cuts, as a spike in oil prices could disrupt the central bank’s battle against inflation, according…

By Blake Brittain (Reuters) -Amazon.com's Amazon (NASDAQ:) Web Services, the world's largest cloud-service provider, owes tech company Kove $525 million for violating its patent rights in data-storage technology, an Illinois federal jury…