Lawrence Baraza
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Currencies
Kenyan Shilling Holds Steady at 129 Levels as Forex Reserves Hit Record High
The Kenyan shilling remained unchanged against the U.S. dollar on Friday, maintaining Thursday’s levels, according to data from the London…
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West Africa
Dangote $29 Billion Refinery Makes First Fuel Export to Asia
Africa’s richest man, Aliko Dangote is preparing to export Nigeria’s first fuel shipment to Asia, in what is seen as…
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Kenya
Investor Wealth at NSE Hits Ksh.180 Billion in Gains
The Nairobi Securities Exchange (NSE) went on a bull run as investor wealth hit over Ksh.180 billion, with all major…
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Corporate
Equity Bank Places TransCentury, East African Cables Under Receivership
Equity Bank has placed investment firm TransCentury Plc under receivership and its subsidiary, East African Cables, under administration after the…
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Corporate
Banda Homes Placed Under Liquidation as Buyers Mount Pressure
Embattled property developer Banda Homes has officially been placed under liquidation, bringing about a turn in a months-long saga of…
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Commodities
China’s Zhongman Petroleum Awarded Natural Gas Block in Algeria
China’s Zhongman Petroleum and Natural Gas Group (ZPEC) said it won a tender to explore and develop a natural gas…
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East Africa
EADB, OPEC Fund Sign $40 Million Facility for SMEs in EAC
The East African Development Bank (EADB) has today formalized a US$40 million loan agreement with the OPEC Fund for International Development to…
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Corporate
CBK Licenses 41 More Digital Lenders, Bringing Total to 126
The Central Bank of Kenya (CBK) has issued licenses to 41 additional Digital Credit Providers (DCPs), pushing the total number…
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Kenya
CBK Extends Time for Kenya’s Bulk Payment Settlement System
The Central Bank of Kenya (CBK) has extended time for Kenya’s bulk payment settlement system, better known as the Kenya…
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Credit Rating
Chances Rise of Afreximbank Involvement in Debt Rework, says JPMorgan
The chances of Afreximbank getting involved in a debt restructuring have increased, JPMorgan said on Tuesday, while also upgrading its…
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