Browsing: Finance

Dr. Samuel Munzele Maimbo, originally from Zambia, has been officially nominated by the Southern African Development Community (SADC) as their…...

Kenya’s Central Bank governor Kamau Thugge has been sermoned by the members of parliament over an undisclosed German firm that…...

Equity Group, a listed lender on the Nairobi Securities Exchange (NSE), has reported a 12.1 percent growth in net profit…...

The Ethiopia Securities Exchange (ESX) is set to go live in October, according to the state-owned media. The country has…...

The Central Bank of Kenya (CBK) has announced it is making changes to some notes to have them bear the…...

Kenya’s inflation in July fell to 4.3 per cent from 4.6 per cent a month earlier, according to newly published…...

Kenya’s Court of Appeal on Wednesday declared the Finance Act 2023 unconstitutional dealing a blow to President William Ruto. The…...

The World Bank has approved $1.5 billion financing for Ethiopia, a few days after the Horn of Africa nation devalued…...

Ethiopia’s central bank has revealed the recent devaluation of the birr has been an attempt to secure funding from the…...

South Africa’s central bank has kept its benchmark interest rate unchanged at 8.25 per cent in a split decision for…...

Kenya’s banking sector posted an 8.8 per cent decrease inprofitability in 2023 from $1.83 billion (Ksh240.4 billion) in December 2022,…...

Uganda’s Jubilee Health Insurance has launched a new children’s –only medical insurance product dubbed the J-Junior Medical Cover, hoping to…...

American global rating agency Moody’s has downgraded Kenya’s credit standing from B3 to Caa1 after the withdrawal of the finance…...

Fitch Ratings has reaffirmed the African Development Bank (AfDB)’s Long-Term Issuer Default Rating (IDR) at ‘AAA’, maintaining a stable outlook.…

The ECOWAS Bank for Investment and Development (EBID) and the EU-Africa Chamber of Commerce (EUACC) have signed a Memorandum of…

The price of fresh tilapia increased to 8.7 per cent from 3.8 per cent pushing Uganda’s inflation from 3.6 per…...

Appointed Senior Executive Vice President (Finance, Administration, and Banking Services) of Afreximbank in December 2023, Denys Denya has a clear…

Nairobi Securities Exchange-listed media company Standard Group plans to raise $11.72 million through a rights issue, subject to shareholder and…...

Equity Group shareholders have approved the establishment of a new health insurance subsidiary in Kenya, during the 20th annual general…...

President William Ruto has bowed to public pressure, conceded and withdrawn the finance bill 2024 that brought a raft of…...

Western Union has opened its first “concept store” in Morocco in partnership with Cash Plus. Located in Errahma, near Casablanca,…

Kenya has settled the balance of $556.97 million of the 2014 Eurobond that was maturing in June 2024, using a…...

Kenyans from around the world have taken to the streets to protest against the Finance Bill for the second week,…...

African Export-Import Bank (Afreximbank) has signed an indicative term sheet with APD-Cameroon for the financing of the development and operation…

Gide advised Crédit Agricole SA on the sale to the Holmarcom group (Holmarcom Finance City) of the second and final…...

Adama Wade, Special Envoy to Nassau, Bahamas. The 31st annual assemblies of the African Export-Import Bank (Afreximbank) opened on June…...

Cameroonian Alain Nkontchou has handed over the chairmanship of the board of directors of Ecobank Transnational Incorporated (ETI) to Senegalese…

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Following the second ordinary session of its Monetary Policy Committee (MPC), the Central Bank of West African States (BCEAO) has…...

Adenia Partners, a prominent private equity firm specializing in African growth opportunities, has successfully divested its entire stake in Cresta…...