Year: 2023
IMF Approves $4.5 Billion Loan For Somalia
Somalia is set to receive a significant boost with a $4.5 billion debt reduction plan agreed upon by international creditors,…
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Markets
Why Kenyans Won’t Enjoy Prolonged Cheap Fuel Costs in Near Future
The global oil market is currently experiencing an oversupply due to robust production from Russia, surpassing earlier projections, and a…
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Credit Rating
Ethiopia Stops Servicing its Eurobond a Year Ahead of Maturity; Why?
The Ethiopian Government failed to make a $33 million coupon payment due (December 11, 2023) to bondholders, signaling a potential…
Read More » EPRA Reduces Fuel Price on Crude Oil Price Dip
The Energy Petroleum and Regulatory Authority (EPRA) has announced a reduction in the prices of Super Petrol, Diesel, and Kerosene…
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Ask Sam
Innovation at Forefront; Metropol GMD Sam Shares Insights at Stima Sacco Seminar
At the 3rd annual innovation seminar held by Stima Sacco at the Stratmore Business School in Nairobi, Metropol Corporation Group…
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Wealth Creators
Ugandan Billionair’s Chipper Cash Lays Off Employees for 4th Time
Chipper Cash, led by Ugandan businessman Ham Serunjogi, has announced a fourth round of layoffs, affecting 15 employees across various…
Read More » ATIDI Partners with Dubai-based AMEA Power for 20MW Ituka West Nile Uganda Limited Solar Project
The African Trade Insurance Agency (ATIDI) has pledged its support for the 20 MW Ituka West Nile Uganda Ltd solar…
Read More »Xplico, Invesco Insurance Put Under Receivership
The Insurance Regulatory Authority (IRA) has appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for Xplico Insurance Company…
Read More »Dar Receives $5 Billion Pipes for Fist Uganda-Tanzania Crude Oil Pipelines
The first batch of pipes for the $5 billion East African Crude Oil Pipeline (EACOP) has arrived in Dar es…
Read More »Senate Clears Watu Credit of Alleged Exploitation
Watu Credit Limited has been absolved of any alleged malpractices and exploitation, following a thorough investigation by the Senate Trade…
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