Business

Eritrea Quits  IGAD as Tensions Rise with Ethiopia

Eritrea Quits  IGAD as Tensions Rise with Ethiopia

Eritrea has withdrawn from the East African regional bloc IGAD, accusing the organisation of “becoming a tool against” countries like…
Kenyan Athman Mtwana Among Appointees as Shelter Afrique Makes Changes at Board Leadership

Kenyan Athman Mtwana Among Appointees as Shelter Afrique Makes Changes at Board Leadership

Shelter Afrique Development Bank (ShafDB} has announced the election of Mr. Lionel Zinsou as Chairman of the Board of Directors…
Tanzania’s Amsons Group Seals $600 Million Energy Deal in Zambia

Tanzania’s Amsons Group Seals $600 Million Energy Deal in Zambia

Tanzania’s industrial conglomerate Amsons Group has signed a US$600 million renewable energy agreement in Zambia to develop a 1-gigawatt (GW)…
Shake Up in Kenya’s Cement industry as NSSF Completes Sale of EAPCC Stake to Amsons Group

Shake Up in Kenya’s Cement industry as NSSF Completes Sale of EAPCC Stake to Amsons Group

The National Social Security Fund (NSSF) completed the sale of its 27 per cent stake in East African Portland Cement…
Absa Opens Kenya-First Mobile Branches in Customer Centricity Drive

Absa Opens Kenya-First Mobile Branches in Customer Centricity Drive

Absa Bank Kenya has unveiled two Kenya-first service innovations, the Branch on the Move and the Service Pod, in a…
KenGen Assures Kenyans of Stable Power Supply Ahead of Festivities

KenGen Assures Kenyans of Stable Power Supply Ahead of Festivities

Kenya Electricity Generating Company has reassured Kenyans of stable and adequate power supply through the festive season, citing strong performance…
Family Bank’s Private Share Placement 131% Oversubscribed at Ksh.8 Billion

Family Bank’s Private Share Placement 131% Oversubscribed at Ksh.8 Billion

Family Bank has raised just over Ksh.8 billion through a private share placement launched in November 2024, significantly exceeding its…
MPs Open Public Submissions on Plan to Sell 15% Stake in Safaricom

MPs Open Public Submissions on Plan to Sell 15% Stake in Safaricom

The Kenyan government has formally opened a public participation process on its plan to divest from Safaricom PLC partially, inviting…
Africa’s Bond Costs Fall But Premium Gap Persists

Africa’s Bond Costs Fall But Premium Gap Persists

Africa has made a rapid return to global debt markets this year, raising roughly $18 billion through international bond issuances,…
U.S, EU Pressure Mounts on Tanzania Over Deadly Post-Election Unrest

U.S, EU Pressure Mounts on Tanzania Over Deadly Post-Election Unrest

Tanzania is facing mounting international pressure following a wave of violent unrest that erupted around the country’s October 29 elections,…
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