Collins Ogutu
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IFC’s Fintech Fund to Work with Metropol for Africa’s Creative Economy
The International Finance Corporation (IFC) is spearheading the development of a high-tech/fintech fund dedicated to nurturing the African creative economy.…
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Agriculture
Kenya’s Agriculture Sector Rebounds 7% in 2023
Kenya’s agriculture sector experienced a 7.0% growth due to favorable weather conditions supported by an increase in both production and…
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East Africa
Kenya Sees Increased Lending to Private Sector at 13.9% Despite Hiked Rates
Kenya’s commercial banks saw a notable increase in credit to the private sector, which grew by 13.9% to reach Ksh..4,078.1…
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Kenya
Reasons Why IMF Has Slashed Kenya’s Funding Program to $976 Million
Kenya’s International Monetary Fund (IMF) program has on Tuesday been reduced in size after the partial refinancing of a $2.0…
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Corporate
AfDB Wants Additional $25 Billion for Development
Africa Development Bank (AfDB) wants an additional $25 billion for the Africa Development Fund to avert a “lost decade” and…
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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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