Business

All Eyes on Africa: What the G20 Summit Means for the Continent’s Future

All Eyes on Africa: What the G20 Summit Means for the Continent’s Future

This week marks a historic milestone for Africa as the continent takes its place at the G20 Summit as a…
Kenya’s FX Reserves Hit Three-Year High on Increased Inflows

Kenya’s FX Reserves Hit Three-Year High on Increased Inflows

Kenya’s foreign-exchange reserves have surged to their highest level in three years as capital inflows into the country accelerate, and…
Gerald Nyaoma Appointed Second Deputy Governor of CBK

Gerald Nyaoma Appointed Second Deputy Governor of CBK

President William Ruto has nominated Gerald Nyaoma as the Second Deputy Governor of the Central Bank of Kenya (CBK). A…
Why Senegal Will Wait Longer Before Receiving $1.9 Billion Loan From IMF

Why Senegal Will Wait Longer Before Receiving $1.9 Billion Loan From IMF

Senegal will have to wait until at least June to get any sort of resolution of its lending programme with…
Equity Group Pretax Profit up Ksh.51 billion in 9 Months

Equity Group Pretax Profit up Ksh.51 billion in 9 Months

Equity Group Holdings on Tuesday reported pretax profit of Ksh.51.0 billion ($397 million) for the first nine months of 2024. The…
Trump’s Re-election to Boost Equities in Africa, Middle East, Says J.P. Morgan

Trump’s Re-election to Boost Equities in Africa, Middle East, Says J.P. Morgan

Donald Trump’s possible re-election could drive growth in emerging market equities in the Middle East and North Africa (MENA) region…
Senegal to Reaffirm €2.5 Billion Green Energy Pact at COP29

Senegal to Reaffirm €2.5 Billion Green Energy Pact at COP29

Senegal is expected to recommit to a €2.5 billion ($2.67 billion) Just Energy Transition Partnership (JETP) at the COP29 climate…
Trump Victory Adds $1.3 Billion Gain to Renewables Short Bets

Trump Victory Adds $1.3 Billion Gain to Renewables Short Bets

This week’s selloff in renewable energy stocks following Donald Trump’s election victory has been a boon for short sellers betting…
Pan-African Payment System Could Save Africa $5B in Fees

Pan-African Payment System Could Save Africa $5B in Fees

Africa’s reliance on the dollar for cross-border transactions may soon diminish as the Pan-African Payments and Settlements System (PAPSS) under…
The Role of SACCOs as International Remittance Providers in Kenya

The Role of SACCOs as International Remittance Providers in Kenya

SACCOs have the potential to boost financial inclusion and stimulate economic growth in Kenya through international remittances, particularly in underserved…
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