Browsing: Aside

Paris, 30 July 2024 – In a significant move, Societe Generale has signed an agreement to sell its 93.43% stake in…...

East African Breweries has posted a drop in after-tax profit to $129 million in the year ended June 2024, from…...

New York, July 22 2024 (ECA) – During a joint press briefing on the margins of the recently concluded 2024 High…...

Ethiopia’s central bank has revealed the recent devaluation of the birr has been an attempt to secure funding from the…...

House speaker Moses Wetangula has said it will take taxpayers about $714,829 (Ksh94 million) to renovate the National Assembly damages…...

By Mohamed H’MIDOUCHE*, Executive Vice President of the Morocco-Bulgaria Chamber of Commerce & Industry. The electricity sector in Morocco showcases…

Safaricom Plc, Kenya’s largest telecommunication and East Africa’s most profitable company reported a 17.5 per cent decline in share price…...

Adani Airport Holdings, a subsidiary of one of India’s largest conglomerates, has proposed to invest $1.85 billion to expand the…...

President William Ruto has named the remaining batch of cabinetsecretaries (CSs) which has featured leaders from Raila Odinga, leader of…...

The Secretariat of the African Continental Free Trade Area (AfCFTA) and Africa’s leading TV media group, AFRICA24, have signed a…

Some 18 Kenyans including former ministers, directors and principal secretaries have been implicated in a controversial $108.9 million (Ksh14 billion)…...

South Africa’s central bank has kept its benchmark interest rate unchanged at 8.25 per cent in a split decision for…...

Kenya’s banking sector posted an 8.8 per cent decrease inprofitability in 2023 from $1.83 billion (Ksh240.4 billion) in December 2022,…...

Uganda’s Jubilee Health Insurance has launched a new children’s –only medical insurance product dubbed the J-Junior Medical Cover, hoping to…...

Toyota’s dealer in Kenya, CFAO Motors has received the okay from the Competition Authority of Kenya (CAK) to make an…...

Tanzania’s Amsons Group has made a $182.9 million offer to buy a 100 per cent stake in Kenya’s Bamburi Cement…...

South Sudan’s president Salva Kiir has fired the finance minister barely four months into the job. This is not the…...

Lomé, July 11, 2024- The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 88th…

President William Ruto has fired all cabinet secretaries and Kenya’s Attorney General Justin Muturi following weeks of anti-government protest. In…

American global rating agency Moody’s has downgraded Kenya’s credit standing from B3 to Caa1 after the withdrawal of the finance…...

Fitch Ratings has reaffirmed the African Development Bank (AfDB)’s Long-Term Issuer Default Rating (IDR) at ‘AAA’, maintaining a stable outlook.…

YEELEN Financial Fund, a dedicated financial sector fund for the WAEMU region managed by Yeelen Capital, a member of the…

Japanese shipping company Mitsui O.S.K. Lines (MOL), is acquiring a 25 per cent stake in Tanzania-based Alistair Group strengthening its…...

The Democratic Republic of Congo is yet to pay the $14 million it owes to the East African Community in…...

Ethiopia’s Prime Minister Abiy Ahmed is in talks with the International Monetary Fund (IMF) and the World Bank (WB) for…...

The Public Service has turned down the Salaries and Remuneration Commission’s (SRC) offer of a pay rise for state officials.…...

The ECOWAS Bank for Investment and Development (EBID) and the EU-Africa Chamber of Commerce (EUACC) have signed a Memorandum of…

The Ethiopian Ministry of Trade and Regional Integration (MoTRI) in collaboration with the Policy Studies Institute (PSI) with support from…

The price of fresh tilapia increased to 8.7 per cent from 3.8 per cent pushing Uganda’s inflation from 3.6 per…...

Appointed Senior Executive Vice President (Finance, Administration, and Banking Services) of Afreximbank in December 2023, Denys Denya has a clear…