Markets
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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…
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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…
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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…
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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…
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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…
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Startupbootcamp, Tycoon Plan $250 Million Africa Startup Fund
Tech accelerator Startupbootcamp, British-East African business tycoon Ashish Thakkar’s Mara Group and Blend Financial Services are planning a $250 million…
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Navigating the Current Landscape of Capital Markets in 2024: Key Trends to Watch
As we approach the end of the fourth quarter of 2024, capital markets are under the spotlight, reflecting a complex…
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Kenya Secures $606.1 Million Loan From IMF to Manage Debt
The Executive Board of the International Monetary Fund (IMF) concluded the seventh and eighth reviews under Kenya’s Extended Fund Facility…
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Kenya Power Swings to Record Profit as Strong Currency Cuts Debt
Kenya Power and Lighting Co. posted a full-year profit thanks to a stronger local currency that softened its debt burden,…
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Kenya Confident in Continued Shilling Stability Ahead of IMF’s $3.9 Billion Loan
Central Bank of Kenya (CBK) Governor Kamau Thugge has expressed confidence in the current level of the Kenyan shilling, currently…
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