Markets
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U.S. and China Agree to Suspend Most Tariffs for 90 Days
The United States and China have agreed to suspend most tariffs on each other’s goods, signaling a significant de-escalation in…
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Elon Musk’s Starlink to Work with Airtel for Internet Service in Africa
Airtel Africa reached an agreement with SpaceX to extend the availability of the satellite Starlink internet service in Africa. Elon…
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TransCentury PLC Delays Release of 2024 Audited Financial Results
TransCentury PLC has announced a delay in publishing its audited financial statements for the year ended December 31, 2024, citing…
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How Ban on Foreign Currency Will Affect International Transactions in Tanzania
The Bank of Tanzania (BoT) imposed a ban on the use of foreign currencies for local transactions in Tanzania, effective…
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Banks Oppose Proposal to Cap Lending Rates Using CBR
Kenyan banks have opposed a proposal by the Central Bank of Kenya’s (CBK) to adopt the Central Bank Rate (CBR)…
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Nigeria Names Four Kenyans in $840 Million CBEX Crypto Scam
Nigeria’s Economic and Financial Crimes Commission (EFCC) has identified four Kenyans as suspects in a massive cryptocurrency scam tied to…
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Musk to Step Back From DOGE as Tesla Profits Plunge
Tesla boss Elon Musk has pledged to “significantly” cut back his role in the US government after the electric car…
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EAC Allows Kenyan Firms to Import 208,600 Tones of Sugar
The East African Community (EAC) has authorized ten Kenyan companies to import 208,600 tonnes of industrial sugar. The greenlight is…
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Gold Price Hits $3,500 as Investors Seek Heavens
Institutional investors are reallocating capital as global recession fears rise, driven by concerns over U.S. President Donald Trump’s evolving trade…
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Nigeria Threatens National Bank of Kenya Acquisition by Access Bank in New Condition
The Central Bank of Nigeria (CBN) has stalled the acquisition of National Bank of Kenya (NBK) by Access Bank. This…
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