Lawrence Baraza
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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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Wealth Creators
Investors Flock Seychelles, Mauritius Over Favourable Investment Terms
Seychelles and Mauritius have emerged as the top investment destinations in Africa, outperforming the continent in terms of economic performance,…
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Currencies
CBK Makes Changes to Currency Banknotes
The Central Bank of Kenya (CBK) has announced changes to the Kenyan currency banknotes, in line with its mandate to…
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Credit Rating
Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
Fitch Ratings has downgraded Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, while maintaining a Stable Outlook.…
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Corporate
Mobius Motors to Cease Operations in Kenya Following Shareholders’ Decision
Kenyan vehicle manufacturer Mobius Motors is set to close its operations in Kenya after shareholders approved a plan to place…
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