Markets
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AfDB Approves $31 Million to Boost Climate Resilience in Africa
The African Development Bank (AfDB) has approved over $31 million in funding to support climate resilience initiatives in Sierra Leone,…
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Nigeria Keeps Benchmark Lending Rate Unchanged
On Thursday, Nigeria’s central bank decided to maintain its benchmark interest rate following a series of six increases in the…
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MANSA Secures $10M to Revolutionize Cross-Border Payments
MANSA, a rising star in the global fintech scene, has clinched a $10 million funding round, propelling its mission to…
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Morocco Plans First Eurobond Sale to Fund Economic Reforms, World Cup Preparations
Morocco is set to issue euro-denominated bonds on the international market for the first time since 2020, to finance…
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Ethiopia Bondholders Fault IMF Over Report on Solvency
The International Monetary Fund (IMF) is on the receiving end after it published a report indicating Ethiopia is facing liquidity…
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Ethiopian, UK Sign $600M Deal for Dairy and Farming Project
The Ethiopian Investment Holdings (EIH), in collaboration with the Ethiopian Agricultural Business Corporation (EABC) and UK-based private equity firm Asset…
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Airtel Kenya to Refund 100% of Transaction Fees as Airtime in Market Expansion Move
Airtel Money subscribers in Kenya will now enjoy a 100% refund on transaction fees as airtime when transferring money from…
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Safaricom Investors Dividend Hits Ksh.22 Billion in March Payout
Safaricom has maintained its interim dividend at Ksh.0.55 per share, translating to a total payout of Ksh.22.04 billion, despite a…
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CAK Cracks Down on Hidden Bank Charges, Demands Transparency
The Competition Authority of Kenya (CAK) is taking a firm stance against hidden bank charges, demanding greater transparency in lending…
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Metropol Hosts Banks, MFBs to Discuss Effective ECL Implementation for Better Loan Pricing
The financial sector is witnessing a significant shift in how banks and microfinance banks (MFBs) assess credit risk, driven by…
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