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Savannah Clinker has increased its proposed price for takeover of listed cement manufacturer Bamburi by 9.3 percent from $0.54 (Ksh70)…...

Nigeria’s federal government has withdrawn money laundering charges against detained Binance executive Tigran Gambaryan on medical grounds.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

Various humanitarian bodies including Amnesty International and the United Nation’s refugee arm have expressed deep concern and alarm over the…...

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

Kenya’s National Assembly speaker Moses Wetangula has gazetted Prof Kithure Kindiki, the Cabinet Secretary for Interior and Administration of National…...

Kenya’s parliament has summoned former late President Daniel Moi’s son and former Baringo senator Gideon Moi for hoping in trust…...

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…...

The Ugandan government has signed a $3 billion contract with a Turkish company for the construction of a section of…...

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…...

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…...

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…...

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…...

Ten state-owned companies have been identified for listing on the Ethiopian Securities Exchange (ESX) later in the year or early…...

Kenyan aviation workers ended their strike after day-long protests on Wednesday that disrupted travel at various airports in the country…...

African leaders are signing deals with the Chinese government to benefit their countries at the ongoing China-Africa Conference summit happening…...