Business

African Development Bank to pick new head to confront US funding cuts

African Development Bank to pick new head to confront US funding cuts

The African Development Bank will meet in Ivory Coast this week to pick a new president at a time when…
Metropol Unveils Enhanced Analytics Platform to Deepen Credit Market Insights

Metropol Unveils Enhanced Analytics Platform to Deepen Credit Market Insights

Metropol has unveiled an upgraded version of the Metropol Analytics Platform (MAP), a cutting-edge tool designed to empower both internal…
Germany Drops TotalEnergies from Sustainability Funds Over Human Rights Concerns in Uganda

Germany Drops TotalEnergies from Sustainability Funds Over Human Rights Concerns in Uganda

Germany’s Union Investment has removed French energy giant TotalEnergies from its sustainability funds and is calling for an independent human…
Family Bank Posts Ksh.1.05 Billion Profit in Q1 2025 on Cost Controls

Family Bank Posts Ksh.1.05 Billion Profit in Q1 2025 on Cost Controls

Family Bank Group recorded a net profit of Ksh.1.05 billion in the first quarter of 2025, marking a modest increase…
NCBA Group Posts Ksh.5.5 Billion Profit in Q1 2025

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…
Uganda Signs $800 Million 3-yr SGR Deal with Islamic Bank

Uganda Signs $800 Million 3-yr SGR Deal with Islamic Bank

Uganda has signed a $800 million financing agreement with the Islamic Development Bank to support projects, including a planned railway…
Government Suspends New SACCO Registrations Over Ksh.13.3 Billion Fraud

Government Suspends New SACCO Registrations Over Ksh.13.3 Billion Fraud

The Kenyan government has imposed a three-month freeze on new SACCO registrations as it begins reforms aimed at tackling fraud…
Kenya’s Tea Export Earnings Drop 20% in Q1 2025 on Lower Volumes

Kenya’s Tea Export Earnings Drop 20% in Q1 2025 on Lower Volumes

Kenya’s tea export earnings fell by 20% in the first quarter of 2025, driven by a decline in shipment volumes,…
Kenya Power Cleared to Proceed with Ksh.1.2 Billion Transformer Tender

Kenya Power Cleared to Proceed with Ksh.1.2 Billion Transformer Tender

Kenya Power has been granted the green light to finalize a Ksh.1.2 billion transformer procurement deal, following a ruling by…
Oil Prices Jump More than 1% on Middle East Supply Fears

Oil Prices Jump More than 1% on Middle East Supply Fears

Oil prices rose more than 1% on Wednesday after reports that Israel could be preparing to strike Iranian nuclear facilities…
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