Browsing: Finance

Four new funds created by licensed asset management companies have received approval from Kenya’s Capital Markets Authority (CMA) on Thursday…...

Equity Group has reported a net profit of $304.2 million for the third quarter of the year, representing a growth…...

Ecobank Transnational Incorporated (ETI) has partnered with Nium, a Singapore-headquartered cross- border payments company for seamless cross border payments across…...

Kenya’s largest telecommunications company, Safaricom Plc has acquired an insurance license ending a four year wait as part of its…...

The Emerging Africa & Asia Infrastructure Fund (EAAIF), part of the Private Infrastructure Development Group (PIDG), managed by Ninety One,…

A Kenyan high court has issued conservatory orders blocking a $736 million government deal with Adani Solutions Limited for the…...

Nigeria’s federal government has withdrawn money laundering charges against detained Binance executive Tigran Gambaryan on medical grounds. The charges were…...

East African investors have been locked out of the initial public offering (IPO) of the Ethiopia’s state owned telecommunications company. …...

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

Lomé, 3 October 2024-The ECOWAS Bank for Investment and Development (EBID) and CORIS Bank International Côte d’Ivoire have extended a…

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

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’s gross domestic product (GDP) fell to 4.6 per cent in the three months leading up to June from 5.6…...

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

AXA Climate announces the official launch of Altitude for businesses, an innovative platform designed to measure the impact of climate risks, implement an adaptation…

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…...

On September 25, 2024, the pan-African group AXIAN announced its entry into the capital of the Ivorian start-up WiASSUR, specialized…...

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…...

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

Kenya is yet to receive new funding from the International Monetary Fund, after a team from the lender concluded a…...

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

The African Trade and Investment Development Insurance (ATIDI) has announced a donation of USD 40,000 to Street Child to build…

East African Breweries Limited (EABL) is looking to raise its stake in one of its Ugandan subsidiaries that will see…...

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

By Par Monceyf Fadili  and Prudence Adjanohoun This article aims to contribute to the debate within the framework of the first…