Browsing: Finance

Kenya has agreed to a treaty that will see increased scrutiny of multinationals that have been taking advantage of tax…...

Tanzania’s central bank has maintained it benchmark rate at six percent in the latest review, holding it for the third…...

Kenya’s economic growth slowed in the third quarter of last year from the same period in 2023, marking the lowest…...

Kenya Airways share will resume trading after a five year suspension from the Nairobi Securities Exchange, following the overturn of…...

The year 2024 was characterized by high interest rates and inflation which saw many companies exit the region with others…...

Monday, December 30th, 2024 – Small capitalisation stocks at the Nairobi Securities Exchange (NSE) unexpectedly emerged as the leading gainers…...

Access Bank Plc has raised $228 million in a rights issue from 17.8 billion ordinary shares as it embarks on…...

Tanzania’s central bank has scraped card payments fees and warns merchants against adding extra charges on these transactions. The country’s…...

December 19, 2024 The ECOWAS Bank for Investment and Development (EBID) has approved a total funding package of FCFA10 billion…

The World Bank has downgraded Kenya’s growth projection for the year to 4.7 percent, levels matching the pre-pandemic slowed rate…...

Rabat, 11 December 2024 – The African Development Bank (AfDB) has signed a coordination agreement with Deutsche Bank and Société…...

Kenya Railways defaulted on a $1.3 billion loan from China Exim Bank used for the construction of the Mombasa-Naivasha Standard…...

McKinsey Africa will pay $122.85 million as fine to conclude a criminal investigation into a years- long bribery ring involving…...

The President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George…

The African Development Bank has approved a EUR 200 million ($209.8 million) partial credit guarantee (PCG) to support Togo’s inaugural…...

John Mbadi’s first speech as Kenya’s Cabinet Secretary for National Treasury and Economic Planning was anchored on a raft of…...

Kenya could raise over $781 million (Ksh100.75 billion) nearly a third of Treasury’s target in the rejected finance bill, by…...

Ecobank Transnational Incorporated (ETI), has issued a $400 million Eurobond on the London Stock Exchange (LSE) main market that will…...

The African Export-Import Bank (Afreximbank) has successfully raised $523 million (JP¥81.3 billion) in its debut issue of a Samurai bond.…...

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…...