Markets
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NCBA Group Posts Ksh.5.5 Billion Profit in Q1 2025
NCBA Group recorded a 3% increase in profit after tax to Ksh.5.5 billion for the quarter ended March 2025, up…
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Metropol Launches Intelligent Analytics Tool for Smarter Credit Decisioning
Metropol has unveiled a new tool within its analytics platform, Metropol Analytics Platform (MAP), to help banks and other lenders…
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Trump’s Proposed 5% Remittance Tax to Hit Kenyans Hard
A controversial proposal by the Trump administration to impose a 5% tax on remittances has sparked concern among global financial…
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Kenyans to Access Superior Homes at 105% After Deal with KCB Bank
Property developer Superior Homes Kenya has inked a deal with Kenya Commercial Bank (KCB) to facilitate Kenyans seeking to own…
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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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