Markets
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Kenya’s Mawingu Secures $15M to Scale Internet Connectivity in East Africa
Kenya-based Internet Service Provider Mawingu has acquired Habari, an ISP operating in seven regions across Tanzania, to expand digital connectivity…
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Zimbabwe’s Central Bank Retains Africa’s Highest Interest Rate at 35%
Zimbabwe’s central bank retained Africa’s highest interest rate and affirmed its tight monetary policy stance will continue into 2025. The…
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Why Billionaire Merali is Facing $2.22 Million Loss in Sasini Stake
The Merali family, one of Kenya’s wealthiest households and the largest shareholders of Sasini Tea, has suffered a significant decline…
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Uganda Confirms Central Bank Hacking, Refutes $17 Million Claim
Uganda’s finance ministry confirmed media reports that hackers breached the central bank’s systems and stole money, but refuted claims that…
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Nigeria Secures $2.2B in First Eurobond Issue Since 2022
Nigeria has raised $2.2 billion in its latest Eurobond auction, the first since March 2022, to address its widening fiscal…
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Kenyan Businessman Freed on Bail in Ksh.4.5 billion Fraud Case
Benson Ndeta, chairman of Savannah Clinker, has been released on bail by the High Court following his arrest in connection…
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Kenya to Access $1.5 Billion UAE Loan in Phases to Stay Within IMF Debt Limits
Kenya plans to access a $1.5 billion loan from Abu Dhabi in phases to ensure compliance with borrowing limits set…
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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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