Browsing: Premium

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

Several passengers are stranded at the Jomo Kenyatta International Airport in Nairobi after airlines suspended flights to Somalia over high…...

First order of business for newly inaugurated United States President Donald Trump has been to enact a 90 day pause…...

Curtains close for East Africa’s automotive powerhouse CMC Motors Group after announcing it is closing its operations in Kenya, Uganda…...

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…...

Frelimo party’s Daniel Chapo has been sworn in as Mozambique’s fifth president after a disputed election that left several casualties…...

East Africa received the most funding from startup investors for the second year in a row, attributed to more investment…...

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…...

Kenya and Ethiopia are among the most indebted countries in East Africa. Analysis of data from the International Monetary Fund…...

Tanzania’s National Development Corporation (NDC) is inviting bids for the establishment of a soda ash processing plant at Engaruka Basin…...

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…

Kenya’s President William Ruto has nominated some of former head of state’s men in his recent cabinet reshuffle. Dr Ruto…

Kenya’s cabinet has approved the extension of the government to government oil deal with Gulf-based companies. In a dispatch on…...

Kenyan President William Ruto has expressed confidence that the US government will prolong the African Growth and Opportunity Act (Agoa)…...

Ethiopia and Somalia have agreed to work together to solve Addis Ababa’s plans to build a port in Somaliland. In…...

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

Savannah Clinker Limited has withdrawn its bid for Bamburi Cement following arrest of its chairman and managing director, Benson Ndeta,…...

Carrefour’s closure of one of its stores in Kenya’s lake city of Kisumu comes amid stiff rivalry with Naivas supermarket…...

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

Equity has signed a trade credit financing agreement with BpiFrance, the public investment bank of France, to strengthen support for…

President Ruto has directed 34 state agencies to join the E-Citizen platform or face disciplinary actions. The government agencies have…...

Kenya’s High court has ordered the government to reveal the contents of the Adani deals after President William Ruto’s pronouncement…...

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

Kenya’s President William Ruto defended his administration’s record while delivering his second State of the Nation Address in Parliament on…...