Markets
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Ghana Nears End of Debt Restructuring Despite High Inflation
Ghana is in the final stages of restructuring its external debt, following its 2022 default on most of its obligations.…
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Sumsub Inks Deal With Kenya’s Fintech Association for Digital Innovation
Sumsub has attained platinum membership with the Association of Fintechs in Kenya (AFIK) to accelerate the development of Kenya’s financial…
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SASRA Step Up Push for Mandatory CIS Mechanism Among SACCOs
The Sacco Societies Regulatory Authority (SASRA) is pushing for a mandatory Credit Information Sharing (CIS) mechanism to enhance financial sustainability…
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Absa Bank Kenya Profit up 28% to Ksh.20.9 Billion
Absa Bank Kenya PLC full-year profit surged by 29% to Ksh.29.9 billion due to disciplined execution of customer-centric strategies and…
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Ethiopia Faces Steep Losses for Creditors in G20 Debt Restructuring, Moody’s Warns
Moody’s Ratings, concluded its periodic review of Ethiopia’s creditworthiness on Friday, signaling that private creditors are likely to face significant…
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Treasury to Release Ksh.65 Billion to Address Teachers, Doctors Funding Gap
President William Ruto has officially assented to the Supplementary Appropriation Bill (National Assembly Bill No. 8 of 2025), paving the…
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Avenews Commits Ksh. 2.5 Billion to Boost Kenyan Agri-SMEs
Fintech firm Avenews has partnered with the Kenyan government and private sector to ease credit access by agriculture-based Small and…
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Kenya Pipeline Company Posts Record Ksh.10 Billion Profit, Up 32% in FY 2023/24
The Kenya Pipeline Company (KPC) has reported a robust profit before tax of Ksh. 10 billion for the financial year…
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Digital Loans Up in Kenya as Consumers Consolidate Loans, Tala Report Finds
Digital loans in Kenya have taken shape, with a growing number of consumers consolidating their loans with fewer lenders, according…
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Starlink Becomes Nigeria’s Second-Largest Internet Service Provider
Starlink, SpaceX’s satellite internet service, has overtaken FiberOne Broadband Limited to become Nigeria’s second-largest internet service provider (ISP) by the…
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