Markets
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Musk to Step Back From DOGE as Tesla Profits Plunge
Tesla boss Elon Musk has pledged to “significantly” cut back his role in the US government after the electric car…
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EAC Allows Kenyan Firms to Import 208,600 Tones of Sugar
The East African Community (EAC) has authorized ten Kenyan companies to import 208,600 tonnes of industrial sugar. The greenlight is…
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Gold Price Hits $3,500 as Investors Seek Heavens
Institutional investors are reallocating capital as global recession fears rise, driven by concerns over U.S. President Donald Trump’s evolving trade…
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Nigeria Threatens National Bank of Kenya Acquisition by Access Bank in New Condition
The Central Bank of Nigeria (CBN) has stalled the acquisition of National Bank of Kenya (NBK) by Access Bank. This…
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Yields on Kenya’s Eurobond up 12.6%, Highest Since November 2023
Yields on Kenya’s Eurobonds have surged to their highest levels since November 2023, indicating increased risk perception among investors. The…
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US Says Investors Scared Investing in Kenya Over Fake Land Titles
The U.S. government has expressed concern over the increasing prevalence of fraudulent title deeds in Kenya, highlighting this issue as…
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Trump Tariff Hike To Cost Africa $8BN in Duty-Free Exports to US
Africa faces new trade uncertainty following U.S. President Donald Trump’s decision to impose sweeping tariff increases on imports, affecting countries…
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NSE Loses Ksh.37 Billion in Market Value on Trump’s Tariffs
The Nairobi Securities Exchange (NSE) has lost approximately Ksh.37 billion in market value because of the ongoing trade war triggered…
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ATIDI Helps Strengthen Benin’s Fiscal Resilience with Second-Loss Guarantee for Deutsche Bank’s EUR507.5 Million Loan
The African Trade & Investment Development Insurance (ATIDI) supported a EUR507.5 million loan from Deutsche Bank to the Republic of…
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Family Bank Shareholders’ Pay Up 52% After Ksh.3.4 Bn 2024 Profit
Family Bank Group’s shareholders will receive their pay at a 52% rate higher compared to 2023, following a record Ksh.3.4…
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