Collins Ogutu
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Markets
Kenya’s Private Sector Sees Robust Growth in May
Kenya’s private sector witnessed robust growth in May, according to the Purchasing Manager Index (PMI) released by Stanbic Bank Kenya.…
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East Africa
World Bank Maintains Kenya’s Growth Projection at 5% in 2024
The World Bank has maintained its growth projection for Kenya’s economy in 2024 at 5.2%, consistent with its earlier estimates…
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East Africa
Kigali to House Pan-Africa Youth Bank in Deal with AfDB
The African Development Bank (AfDB) and the Government of Rwanda have announced plans to establish a Pan-African Youth Bank in…
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East Africa
Suluhu Returns Home With $2.5 Billion in Investment from South Korea
The South Korean government has pledged an investment worth $2.5 billion for Tanzania in a deal which was signed by…
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East Africa
Bank of Uganda Retains Benchmark Rate at 10.25% after MPC Meeting
The Bank of Uganda (BoU) has retained its benchmark Rate (CBR) at 10.25 percent, marking the second consecutive monetary policy…
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Technology
Kenya Secures $485 Million from South Korea for Konza Digital Media City
Kenya has secured $485 million (Ksh.63 billion) in concessional funding from South Korea’s – Korea Exim Bank and part of…
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Technology
Ghanaian Startup Kofa Expands Battery Swapping Network to Kenya
Kofa, a Ghanaian startup specializing in battery network solutions, is set to expand its innovative battery swapping technology to Kenya.…
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Economy
South Korea Pledges $24 Billion in Aid for Africa at Mega Summit
South Korea has announced a $10 billion aid package for Africa over the next six years, a deal which will…
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Corporate
Kenya Re Dividends Up 50% on Strong Financial Performance
The board of Kenya Reinsurance Corporation (Kenya Re) has reported a 50% increase in dividend per share to Ksh.0.3 in…
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East Africa
Kenyans Likely to Flock Uganda for Alcohol Over Kenya’s Finance Bill 2024
Kenyans residing in Namanga and Busia are most likely to cross into Uganda and Tanzania in search of more affordable…
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