World Business News

The Brics economies have said they will increase their contribution to the International Monetary Fund (IMF).

South Africa is looking at alternative sources of crude as tough US sanctions slapped on countries importing oil from Iran are days away from taking effect, a senior government official said on Friday.

Antonis Samaras is set to become the new prime minister of Greece. The 62-year-oldâ„¢s New Democracy party achieved the highest percentage of votes in Sundays election, beating the radical left Syriza party into second place.

Kenya Power has awarded contracts worth Sh1.13 billion to two Indian companies to increase connection of electricity in various parts of the country as it targets to register 300, 000 new customers this year alone.