Lawrence Baraza
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Wealth Creators
Odibets launches Omoka na EPL 5G prom
Odibets has launched a one-of-a-kind promo dubbed “Omoka na EPL 5G” that is set to see punters on their platform…
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Markets
Bank of Uganda Cuts Interest Rate for First Time in a Year
Uganda’s central bank cut its benchmark interest rate for the first time in a year after revising its inflation forecasts…
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Markets
Dubai Firm to Acquire 60% in Uganda’s Telecom Operator, Utel
Uganda expects Rowad Capital Commercial LLC to invest an initial $225 million in its state-run telecommunications operator and take up…
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Government Projects
U.S, Kenya Set to Conclude Seventh STIP Negotiation Round in Nairobi
The United States and Kenya are expected to finalize their seventh round of negotiations under the Strategic Trade and Investment…
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Corporate
Adani Acquires 95% Stake in Tanzania Container Terminal for $39.5 Million
Adani Ports and Special Economic Zone Ltd. (APSEZ) has entered into a joint venture with Hutchison Port Holdings Ltd. to…
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Corporate
Jumia Growth Stalls as it Moves to Raise $100 Million in Secondary Shares
New York-listed African e-commerce company Jumia is planning to sell 20 million American depositary shares over the next couple of…
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Corporate
Standard Bank Kenya Sees Tough Second Half Amid Protests
Stanbic Holdings Plc said Kenya’s credit rating downgrade and uncertainty caused by weeks of protests made for a tough banking…
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Politics
MPs Reject Stella Soi Lang’at’s Nomination to Cabinet
The National Assembly Committee on Appointments has rejected the nomination of Stella Soi Lang’at to the Cabinet. Lang’at was nominated…
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Corporate
Ecobank Group’s Profit Before Tax Up $324 Million in HY 2024
The pan-African banking group Ecobank Transnational Incorporated (ETIT) increased its net revenues to $994 million and its profit before tax…
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West Africa
Fitch Downgrades Dangote Credit Rating on Liquidity Concerns
Fitch Ratings has downgraded Dangote Industries Limited’s (DIL) credit rating to B+ and placed the company on ratings watch negative,…
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