Lawrence Baraza
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East Africa
Ethiopia To Export Power to Tanzania Via Kenya; Here is What We Know
Ethiopia is set to export 100 megawatts of electricity to Tanzania through Kenya, pending the finalization of a cross-border power…
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East Africa
Zimbabwe’s Central Bank Retains Africa’s Highest Interest Rate at 35%
Zimbabwe’s central bank retained Africa’s highest interest rate and affirmed its tight monetary policy stance will continue into 2025. The…
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Markets
Why Billionaire Merali is Facing $2.22 Million Loss in Sasini Stake
The Merali family, one of Kenya’s wealthiest households and the largest shareholders of Sasini Tea, has suffered a significant decline…
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East Africa
Uganda Confirms Central Bank Hacking, Refutes $17 Million Claim
Uganda’s finance ministry confirmed media reports that hackers breached the central bank’s systems and stole money, but refuted claims that…
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Corporate
NCBA Bank Moves to Kitui for Local Empowerment with New Branch
NCBA Bank has opened a new branch in Kitui, reinforcing its dedication to accessible financial services and local community support.…
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Government Projects
US Backs Angola’s Lobito Rail Corridor with $2.1 Billion Funding to Counter China Influence in Africa
The US is investing heavily in the Lobito rail corridor, which links Angola’s Atlantic coast to the Democratic Republic of…
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Northern Africa
Nigeria Secures $2.2B in First Eurobond Issue Since 2022
Nigeria has raised $2.2 billion in its latest Eurobond auction, the first since March 2022, to address its widening fiscal…
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Corporate
Kenyan Businessman Freed on Bail in Ksh.4.5 billion Fraud Case
Benson Ndeta, chairman of Savannah Clinker, has been released on bail by the High Court following his arrest in connection…
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Markets
Kenya to Access $1.5 Billion UAE Loan in Phases to Stay Within IMF Debt Limits
Kenya plans to access a $1.5 billion loan from Abu Dhabi in phases to ensure compliance with borrowing limits set…
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East Africa
Kenya to Introduce 1% Levy on Park Entry Fees to Boost Wildlife Conservation
Kenya, renowned for its world-famous safaris featuring iconic wildlife such as elephants, lions, and wildebeests, has unveiled plans to introduce…
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