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New banks will be allowed to operate in Kenya as long as they meet the minimum core capital requirements, the…...

Africa loses $88.6 billion annually to illicit financial flows (IFFs), a new report shows. The Illicit Financial Flows in Africa—which…...

Listed lender Stanbic Bank has cut a deal with Kenya’s criminal investigations body to stop the police from looking into…...

The Nairobi Securities Exchange (NSE) among other East African stock markets suffered losses on new United States tariffs imposed in…...

Kenya’s trade minister is holding talks with the United States administration in a bid to lobby for the extension of…...

A United States senior officer has said that America is set to invest billions of dollars to war-ridden mineral-rich Democratic…...

The World Court has set April 10th as the hearing date for Sudan’s genocide case against the United Arab Emirates…...

MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria while looking for…...

Kenya Airways (KQ) has reported a Ksh5.4 Billion ($39.9 million) profit for 2024-a record high in 11 years, overturning a…...

Tunisia has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI), marking a significant step in…...

Ecobank Kenya has raised its capital base to $65 million after injecting $27 million in fresh capital that will support…...

Kenya is in talks with the International Monetary Fund (IMF) for a new lending programme after both sides agreed to…...

Tanzania has defended a controversial agreement to import electricity from Ethiopia in a bid to address the frequent power outages.…...

Kenya has lost about $15.5 million in tobacco exports after British American Tobacco (BAT) shutdown its operations in Khartoum following…...

Equator, a climate venture capital firm has closed a $55 million fund focused on supporting environment-tech startups in sub-Saharan Africa…...

The largest food aid organization, the World Food Programme (WFP) has said that it has been forced to suspend food…...

Kenyan chief executive officers (CEOs) say increased taxation, high energy costs and reduced consumer demand are a threat to economic…...

United States President Donald Trump has cancelled five large contracts and grants in Kenya totalling $251.5 million (Sh32.5 billion). Mr…...

Kenya has deferred $682.2 million in funding expected from the International Monetary Fund (IMF) under the ninth review to the…...

Ethiopian state-owned telecommunications firm Ethio Telecom recorded a half-year revenue rise of 43.3 percent to 61.9 billion birr ($491.57 million).…...

Analysis of the data shows that in the year ended December 2023, Nigeria received $368 million followed by Tanzania scoring…...

The United Nations (UN) has warned that the conflict in the Democratic Republic of Congo (DRC) is likely to worsen…...

Uganda’s central bank has held its main lending rate at 9.75 percent on Thursday, citing inflation looked contained despite uncertainties…...

The Central Bank of Kenya (CBK) has cut its benchmark lending rate for the fourth monetary policy meeting in a…...

African Trade and Investment Development Insurance (ATIDI) is eyeing entry into the Northern and Southern African countries led by Egypt,…...

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…...

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