Markets
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KAA Reveals Deals in Which Indian-based Adani will Operate JKIA
The Kenya Airports Authority (KAA) has addressed the public outcry and protests regarding the potential involvement of a private company…
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Faulu Microfinance Bank Launches Competitive Money Market Fund
Faulu Microfinance Bank has officially launched its highly anticipated Money Market Fund (MMF), offering customers flexible and profitable investment opportunities.…
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Details of Kenya’s Ksh.70 Billion Debt Repayment in July
Kenya spent about Ksh.70 billion to repay its debt, according to the latest records from the Treasury. The debt repayment…
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Kenya’s Forex Reserves Drops to Ksh.63 Billion on Debt Repayment
Kenya’s foreign exchange reserves dropped by $487 million (Ksh.63.9 billion) in the week ending July 19, 2024. This is after…
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Uganda to Boost Foreign Exchange Reserves with Domestic Gold Purchases
Uganda is set to begin purchasing domestic gold to bolster its foreign exchange reserves and minimize risks associated with reserve…
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Ford Foundation Responds to Ruto’s Accusation of Funding Protests
The American non-governmental organization, Ford Foundation, has issued a response following accusations from Kenya’s President, William Ruto, that it funded…
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Tanzania’s Amsons Group Offers $180 Million for Bamburi Cement Acquisition
Tanzanian conglomerate Amsons Group has set a new benchmark with a historic $180 million (Ksh.23.32 billion) binding offer to acquire…
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Elon Musk Sets Date to Introduce Ksh.1,300 Data Package in Kenya
Starlink has announced the introduction of a cheaper Ksh.1,300 data package, sending jitters to local operators who have enjoyed the…
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