Markets
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Kenya Leads African Start-ups at $437 Million in Funding in 2024
As 2024 nears an ending, Kenya and Egypt have emerged as the dominant players in African start-up funding, claiming a…
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South African Inflation Slowing to 3.8% Backs Rate Cut Bets
South Africa’s annual inflation rate fell below 4% for the first time in more than three years bolstering the case…
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KCB’s Stock Surges as Bank Divests From National Bank of Kenya
Shares of KCB Group Plc, Kenya’s largest bank by assets, surged to their highest level since May as investors priced…
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Kenya Successfully Migrates Electronic Payment System to Global Standard
The Central Bank of Kenya (CBK) has successfully completed the migration of the Kenya Electronic Payment and Settlement System (KEPSS)…
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CBK Authorizes JPMorgan Chase Bank to Open Representative Office in Nairobi
The Central Bank of Kenya (CBK) has granted authorization for JPMorgan Chase Bank N.A., a major American financial institution, to…
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Uganda Lowers Benchmark Lending Rate to 9.75%
Uganda’s central bank lowered its benchmark interest rate to 9.75% from 10%, marking its first consecutive rate cut in four…
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Adani Group Seeks to Invest $900 Million in Tanzania Power Lines
Tanzania is in talks with the Adani Group for a $900 million public-private partnership project to construct high-voltage power lines.…
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CBK Cuts Benchmark Lending Rate by 75 Basis Points to 12%
The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12%, as expected, to support…
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Kenya Set for First Successive Rate Cut in Four Years
The Central Bank of Kenya (CBK) is set to cut interest rates at a second straight meeting for the first…
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CBK Approves 27 More Digital Credit Providers, Bringing Total to 85
The Central Bank of Kenya (CBK) has announced the licensing of an additional 27 Digital Credit Providers (DCPs), bringing the…
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