Browsing: Premium

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…...

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…...