Business
South African Inflation Slowing to 3.8% Backs Rate Cut Bets
October 23, 2024
South African Inflation Slowing to 3.8% Backs Rate Cut Bets
South Africa’s annual inflation rate fell below 4% for the first time in more than three years bolstering the case…
Courts Hand Ruto Lifeline in Affordable Housing Ruling
October 22, 2024
Courts Hand Ruto Lifeline in Affordable Housing Ruling
The High Court has ruled that the Housing Levy, a central component of the Finance Act 2023, was properly enacted.…
Adani Green Profit Jumps 38% Amid Growing Clean Energy Demand
October 22, 2024
Adani Green Profit Jumps 38% Amid Growing Clean Energy Demand
Adani Green Energy Ltd. reported a 38% increase in second-quarter profit, following rising power sales and an installation expansion. Profit…
Africa’s Progress in Reforming Global Financial Infrastructure: Challenges and Opportunities
October 22, 2024
Africa’s Progress in Reforming Global Financial Infrastructure: Challenges and Opportunities
A recent report by the African Future Policies Hub has revealed slow progress in addressing Africa’s critical need for climate…
KCB’s Stock Surges as Bank Divests From National Bank of Kenya
October 18, 2024
KCB’s Stock Surges as Bank Divests From National Bank of Kenya
Shares of KCB Group Plc, Kenya’s largest bank by assets, surged to their highest level since May as investors priced…
IMF to Review Kenya’s $3.9 Billion Loan Program on October 30
October 18, 2024
IMF to Review Kenya’s $3.9 Billion Loan Program on October 30
The International Monetary Fund (IMF) executive board is set to deliberate the next disbursement in Kenya’s $3.9 billion loan program…
Court Clears Senate on Impeachment Trial of DP Gachagua
October 15, 2024
Court Clears Senate on Impeachment Trial of DP Gachagua
The High Court of Kenya has allowed the Senate to move forward with impeachment proceedings against Deputy President Rigathi Gachagua.…
Bolt Defends Pricing Formula in Kenya Amid Uproar Over Commission, Taxes
October 15, 2024
Bolt Defends Pricing Formula in Kenya Amid Uproar Over Commission, Taxes
Ride-hailing company Bolt has defended its pricing model in Kenya following recent protests by drivers demanding a fair share of…
Kenya Successfully Migrates Electronic Payment System to Global Standard
October 15, 2024
Kenya Successfully Migrates Electronic Payment System to Global Standard
The Central Bank of Kenya (CBK) has successfully completed the migration of the Kenya Electronic Payment and Settlement System (KEPSS)…
Uganda Signs $2.95 Billion Deal for SGR Extension to Kampala
October 14, 2024
Uganda Signs $2.95 Billion Deal for SGR Extension to Kampala
Uganda has signed a €2.7 billion ($2.95 billion) deal with Turkish construction firm Yapi Merkezi Holdings AS to build a…