Browsing: Premium

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…...

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…...