Browsing: Finance

The African Development Bank Group (AfDB) is exploring a new currency model that is backed by African minerals to mitigate…...

Official data from the Kenya National Bureau of Statistics (KNBS) published on Friday (31.01.25) show inflation rose from three per…...

London-based Actis has sold Java House, East Africa’s coffee chain to two private equity firms, a new notice shows.  According…...

South Sudan’s central bank has threatened to terminate Stanbic Bank’s licence in a dispute concerning millions of dollars that were…...

Kenya-based venture capital firm Purple Elephant has secured $4.5 million in seed capital, making it one of Africa’s biggest rounds…...

The World Bank has suspended its funding to Gabon once again due to payment arrears from its earlier loans. Gabon’s…...

(1 USD = 125.82200 ETB) Ethiopia inaugurated a stock exchange on Friday, January 10, 2025, marking the effective return of…...

Several companies have exited Zambia and Zimbabwe due to currency instability and challenging economic conditions. Among the latest firms to…...

Nairobi, January 10, 2025 – The Alliance for a Green Revolution in Africa (AGRA) has announced the appointment of Alice…...

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…...