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Ethiopian commercial banks will be required to disclose to customers all fees and commissions relating to forex transactions effective immediately,…...

The Central Bank of Kenya (CBK) has cleared America’s largest bank, JP Morgan Chase and Co. to set up a…...

APRA Ministers and Partners Gather to Align International Cooperation and Scale Up Investments to Match Africa’s Renewable Energy Goals and…

Eritrea, Egypt and Somalia have teamed up in a tripartite agreement to strengthen the latter’s army efforts against terrorism in…...

Safaricom’s Mpesa and Airtel’s paybill and till numbers used by millions of Kenyans to make daily transactions across the country…...

The Central Bank of Kenya (CBK) slashed the key lending rate by the largest margin since the onset of the…...

Stanchart Chartered Bank of Kenya and Kenya Commercial Bank (KCB) have the highest loan exposure in government entities as of…...

Kenya is losing its attractiveness as a desirable export market in the East African Community on tariffs and trade wars. …...

Kenya’s listed telecommunications company Safaricom Plc spent less in the year ended March 2024 on its expatriate staff by 17.7…...

The Nairobi Securities Exchange (NSE) has topped its African peers in returns for foreign investors in the nine months to…...

The Democratic Republic of Congo (DRC) has overtaken Kenya and Uganda as Tanzania’s leading export market, signalling the changing trade…...

Ethiopia’s khat export to Somalia has fallen amid diplomatic tensions and high taxation.Somalia has long been the largest export destination…...

Ghana’s central bank slashed its base lending rate by 200 basis points to 27 per cent on Friday, the first…...

Two days ago, a Kenyan High Court declared the Privatisation Act unconstitutional, a move that could sour the country’s relations…...

Nigeria’s Central Bank has raised its benchmark lending rate by 50 basis points to 27.5 per cent attributed to the…...

Kenya’s external borrowing next year is projected to fall to $1.29 billion from $2.76 billion in the current financial year…...

Ecobank Kenya lost millions of dollars between 2020 and 2022 following the failure of its card operations team to upload…...

In a major development in African finance, just three days after acquiring the Access network, AFG Holding, a pan-African banking…

Uganda’s stock of domestic debt grew to $10.92 billion in June from $9.28 billion recorded in a similar period last…...

Kenya’s Treasury has cut its tax target for the next financial year by $2.59 billion amid public outrage that saw…...

Safaricom Plc has revealed it added 350,000 customers in the quarter to June 2024, according to new disclosures by the…...

Thousands of travellers have been stranded since Wednesday midnight at the Jomo Kenyatta International Airport (JKIA) after staff at the…...

Nigeria’s business mogul Aliko Dangote has reclaimed his title as Africa’s richest man after losing it to South African billionaire…...

Moustapha Sow is a Senegalese financier who firmly believes that Africa should be built by Africans while acknowledging the need…

Lomé, 4 September 2024 The ECOWAS Bank for Investment and Development (EBID) has signed a €20 million Wakala Framework Agreement…

Chinese President Xi Jinping has pledged $50.6 billion in financial assistance to Africa over three years. Speaking during the China-Africa…...

The Consortium comprising IMPAXIS, Lead Arranger and Leader, Coris Bourse and EDC Investment Corporation, respectively Co-Arranger and Co-Leader, is delighted…

Kenya’s inflation rose slightly to 4.4 per cent in August from 4.3 per cent in the month before, attributed to…...

“In the context of the weakness of the international financial architecture, we must first mobilize internal savings and strengthen our…

The latest book by Carlos Lopes, a renowned economist, comes as a painful wake-up call. Titled ‘The Trap of Self-Delusion:…