Lawrence Baraza
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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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Markets
Emerging Market Stocks Rebound After Monday’s Losses
Emerging market assets recovered some of their losses on Tuesday following a significant sell-off the previous day. Gains were limited…
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Southern Africa
Johannesburg is Facing $12 Billion Infrastructure Crisis
Johannesburg, renowned as Africa’s wealthiest city due to its high concentration of businesses and millionaires, is grappling with a staggering…
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Lifestyle
What it Means as Parliament Okays Pensions (Amendment) Bill, 2022
The National Assembly has passed the Pensions (Amendment) Bill, 2022, aimed at expediting the processing and payment of pensions. The…
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Kenya
Kenya’s Central Bank Cuts Benchmark Interest Rate in Four Years
The Central Bank of Kenya (CBK) has cut its benchmark interest rate for the first time in over four years.…
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