Markets
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Ghana Lowers Interest Rates by Steepest Margin Since 2018
Ghana’s central bank cut its key interest rate to 27% from 29%, a larger-than-expected reduction, as inflation in the country…
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Kenya to Decide on Future IMF Loans as Current Program Nears Expiry
Kenya will soon make a decision on the nature of its next International Monetary Fund (IMF) program once the current…
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Pressure Mounts on Kenya’s Treasury on Rising Rates Against Domestic Borrowing
With domestic interest rates soaring to 17% and external loans shrinking, Kenya faces a tough challenge in securing affordable funding…
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U.S Federal Reserve Lowers Interest Rate by 50 Basis Points; What it Means
The US Federal Reserve (Fed) has reduced the interest rates by 50 basis points (bps), setting it between 4.75% and…
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JPMorgan Boss Dimon to Visit Kenya in Lender’s Expansion Plan Across Africa
JPMorgan Chase CEO Jamie Dimon is set to visit Kenya in mid-October, marking his first trip to Africa in seven…
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Saudi Sovereign Wealth Fund Poised for $5B Investment in Egypt
Saudi Arabia’s sovereign wealth fund is set to invest $5 billion in Egypt, marking the latest Gulf funding for the…
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West African Central Bank Maintains Key Rate on Inflation Concerns
The Central Bank of West African States (BCEAO) opted to maintain its key interest rate at 3.50% during its 3rd…
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Kenya Revives Diaspora Bond Plans As Budget Gap Widens
Kenya is reviving plans for a bond sale targeted at citizens living abroad to help raise funds for infrastructure projects,…
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Nigeria Raises $900M in First Domestic Dollar Bond Sale
Nigeria’s government raised $900 million through its first-ever domestic dollar bond sale, aiming to diversify funding sources amid high yields…
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Autochek Inks Deal with Turaco for Flexible Motor Insurance Plans
Autochek Kenya, a leading automotive technology company, has announced a deal with Turaco Insurance Agency, keen to make vehicle insurance…
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