Markets
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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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Investors Shy Away From Kenya’s $900 Million Eurobond Buyback to Tender 65%, Only
Kenya’s attempt to buy back a portion of its 2019 Eurobond, valued at Ksh.116.2 billion ($900 million), was met with…
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54 Collective to Close Venture Studio Operations as Mastercard Foundation Partnership Ends
54 Collective, previously known as Founders Factory Africa, is set to close its venture studio operations across Africa after its…
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Kenya to Borrow $1.5 Billion in New Debt While Buying Back $900 Million
Kenya is returning to the international markets with a plan to borrow Ksh.193.5 billion ($1.5 billion) through a new bond…
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Trump’s Foreign Aid Freeze Threatens Africa’s Critical Minerals Corridor
A billion-dollar U.S.-backed railway project in Africa, vital for transporting critical minerals to global markets, is facing delays due to…
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