Markets
-
Kenya Bans Export of $3.87 Million Raw Veneer Materials
Environment Cabinet Secretary Aden Duale has ordered an immediate ban on the export of raw veneer materials. This, Duale said,…
Read More » -
Kenya Pensions Industry Plans SPAC to Tackle State Pending Bills
Kenyan pension funds are in talks to acquire a portion of the government’s overdue payments to some contractors and service…
Read More » -
Nigeria’s Economy Grows by 3.1% Helped By Oil Outputs
Nigeria’s economy grew 3.19% in the second quarter of 2024 compared with the same quarter last year, lifted by higher…
Read More » -
Family Bank Pre-Tax Profit up 15.4% to Ksh.2.3 Billion in H1 2024
Family Bank Group has posted a Ksh.2.32 billion Profit Before Tax in the first six months of 2024 a 15.4%…
Read More » -
Libyan Central Bank Standoff Deepens as Governor Won’t Back Down
Libya’s embattled central bank governor clung on against attempts to oust him, deepening a more than week-long standoff between rival…
Read More » -
Absa Kenya After Tax Profit Up 29% to Kshs.10.7 billion in H1 2024
Absa Bank Kenya PLC has reported a profit after tax of Ksh.10.7 billion for the half year ended 30 June…
Read More » -
Kenyan HR Firm Workpay Secures $5 Million in New Funding
Kenyan HR and payroll startup Workpay has secured $5 million in Series A funding, led by pan-African venture capital firm…
Read More » -
Rising Interest Rates Trigger Surge in Loan Defaults Among Kenyans
The first half of 2024 has seen an increase in loan defaults in Kenya, driven by rising interest rates that…
Read More » -
DP World, British to Build Congo’s First $35 Million Deep Sea Port
DP World, the Emirati logistics giant, in collaboration with the British government’s development-finance arm, is set to begin construction on…
Read More » -
Equity Group Holdings Plc Reports 12% Increase to Ksh.29 Billion in Half-Year Profit
Equity Group Holdings Plc (EGH) has announced a 12% increase in profit after tax for the first half of 2024.…
Read More »
