Markets
-
DP World, British to Build Congo’s First $35 Million Deep Sea Port
DP World, the Emirati logistics giant, in collaboration with the British government’s development-finance arm, is set to begin construction on…
Read More » -
Equity Group Holdings Plc Reports 12% Increase to Ksh.29 Billion in Half-Year Profit
Equity Group Holdings Plc (EGH) has announced a 12% increase in profit after tax for the first half of 2024.…
Read More » -
Bank of Uganda Cuts Interest Rate for First Time in a Year
Uganda’s central bank cut its benchmark interest rate for the first time in a year after revising its inflation forecasts…
Read More » -
Adani Acquires 95% Stake in Tanzania Container Terminal for $39.5 Million
Adani Ports and Special Economic Zone Ltd. (APSEZ) has entered into a joint venture with Hutchison Port Holdings Ltd. to…
Read More » -
Jumia Growth Stalls as it Moves to Raise $100 Million in Secondary Shares
New York-listed African e-commerce company Jumia is planning to sell 20 million American depositary shares over the next couple of…
Read More » -
Standard Bank Kenya Sees Tough Second Half Amid Protests
Stanbic Holdings Plc said Kenya’s credit rating downgrade and uncertainty caused by weeks of protests made for a tough banking…
Read More » -
Ecobank Group’s Profit Before Tax Up $324 Million in HY 2024
The pan-African banking group Ecobank Transnational Incorporated (ETIT) increased its net revenues to $994 million and its profit before tax…
Read More » -
Emerging Market Stocks Rebound After Monday’s Losses
Emerging market assets recovered some of their losses on Tuesday following a significant sell-off the previous day. Gains were limited…
Read More » -
Kenya’s Central Bank Cuts Benchmark Interest Rate in Four Years
The Central Bank of Kenya (CBK) has cut its benchmark interest rate for the first time in over four years.…
Read More » -
Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
Fitch Ratings has downgraded Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, while maintaining a Stable Outlook.…
Read More »
