Business
U.S Opposed to IMF-World Bank Plan to Help Poor Nations Foot $290 Billion Foreign Debt
October 31, 2024
U.S Opposed to IMF-World Bank Plan to Help Poor Nations Foot $290 Billion Foreign Debt
Developing nations face a severe liquidity crisis, putting unprecedented pressure on international financial institutions like the International Monetary Fund (IMF)…
Kenya Secures $606.1 Million Loan From IMF to Manage Debt
October 31, 2024
Kenya Secures $606.1 Million Loan From IMF to Manage Debt
The Executive Board of the International Monetary Fund (IMF) concluded the seventh and eighth reviews under Kenya’s Extended Fund Facility…
Kenya Power Swings to Record Profit as Strong Currency Cuts Debt
October 30, 2024
Kenya Power Swings to Record Profit as Strong Currency Cuts Debt
Kenya Power and Lighting Co. posted a full-year profit thanks to a stronger local currency that softened its debt burden,…
Kenya Pipeline Upgrades Western Kenya Pipeline Boosting Flowrate to 515M3 Hourly
October 30, 2024
Kenya Pipeline Upgrades Western Kenya Pipeline Boosting Flowrate to 515M3 Hourly
Kenya Pipeline Company (KPC) has successfully completed the second phase of its Line IV upgrade on the Nairobi-Eldoret pipeline, enhancing…
Kenya Confident in Continued Shilling Stability Ahead of IMF’s $3.9 Billion Loan
October 24, 2024
Kenya Confident in Continued Shilling Stability Ahead of IMF’s $3.9 Billion Loan
Central Bank of Kenya (CBK) Governor Kamau Thugge has expressed confidence in the current level of the Kenyan shilling, currently…
Why Global Investors Are Looking Past Gen Z Protests, Gachagua Impeachment to Invest in Kenya
October 24, 2024
Why Global Investors Are Looking Past Gen Z Protests, Gachagua Impeachment to Invest in Kenya
Despite facing its worst political upheaval in years, Kenya’s economy has continued to shine as the shilling remains the best-performing…
IMF Reaches Deal With Tanzania to Unlock $266 Million in Funding
October 24, 2024
IMF Reaches Deal With Tanzania to Unlock $266 Million in Funding
Tanzania will receive close to $266 million from the International Monetary Fund after reaching a deal to secure the next…
Female Bosses Nowhere as African Start-ups with $100M+ Funding Still Dominated by Male
October 24, 2024
Female Bosses Nowhere as African Start-ups with $100M+ Funding Still Dominated by Male
Since 2019, 27 start-ups in Africa have secured over $100 million in equity, debt, or grant funding. Leading the pack…
Kenya Leads African Start-ups at $437 Million in Funding in 2024
October 24, 2024
Kenya Leads African Start-ups at $437 Million in Funding in 2024
As 2024 nears an ending, Kenya and Egypt have emerged as the dominant players in African start-up funding, claiming a…
Uganda Plans to Build $600 Million Rail Line
October 23, 2024
Uganda Plans to Build $600 Million Rail Line
Uganda plans to build a rail line linking a town in the east to a proposed port on Lake Victoria…