Business
Morocco Plans First Eurobond Sale to Fund Economic Reforms, World Cup Preparations
February 20, 2025
Morocco Plans First Eurobond Sale to Fund Economic Reforms, World Cup Preparations
Morocco is set to issue euro-denominated bonds on the international market for the first time since 2020, to finance…
Ethiopia Bondholders Fault IMF Over Report on Solvency
February 19, 2025
Ethiopia Bondholders Fault IMF Over Report on Solvency
The International Monetary Fund (IMF) is on the receiving end after it published a report indicating Ethiopia is facing liquidity…
Kenya Sees 9,000 Govt Employees Drop Over Hiring Freeze
February 19, 2025
Kenya Sees 9,000 Govt Employees Drop Over Hiring Freeze
Over the past two years, Kenya’s civil service has experienced a significant reduction in its permanent and pensionable workforce, with…
Ethiopia Partners with ATIDI to Boost Renewable Energy Investments
February 19, 2025
Ethiopia Partners with ATIDI to Boost Renewable Energy Investments
Ethiopia’s Ministry of Finance and Ethiopian Electric Power (EEP) has signed a Memorandum of Understanding (MoU) with the African Trade…
How Treasury Has Allocated Extra Ksh.5 Billion to Ruto, Kindiki, Mudavadi
February 19, 2025
How Treasury Has Allocated Extra Ksh.5 Billion to Ruto, Kindiki, Mudavadi
The Kenyan government has allocated an additional Ksh.5 billion to State House Deputy President Kithure Kindiki, and Prime Cabinet Secretary…
Ethiopian, UK Sign $600M Deal for Dairy and Farming Project
February 18, 2025
Ethiopian, UK Sign $600M Deal for Dairy and Farming Project
The Ethiopian Investment Holdings (EIH), in collaboration with the Ethiopian Agricultural Business Corporation (EABC) and UK-based private equity firm Asset…
Africa Energy Bank to Begin Operations with $5 Billion in Equity
February 17, 2025
Africa Energy Bank to Begin Operations with $5 Billion in Equity
The long-planned Africa Energy Bank will begin operations this quarter with $5 billion in equity from member nations and shareholders,…
Nigeria Attracts Investors as Economic Reforms Drive Market Gains
February 17, 2025
Nigeria Attracts Investors as Economic Reforms Drive Market Gains
Nigeria is witnessing renewed investor confidence, pushing stock markets higher and lowering bond yields as economic reforms take effect. The…
Airtel Kenya to Refund 100% of Transaction Fees as Airtime in Market Expansion Move
February 17, 2025
Airtel Kenya to Refund 100% of Transaction Fees as Airtime in Market Expansion Move
Airtel Money subscribers in Kenya will now enjoy a 100% refund on transaction fees as airtime when transferring money from…
Safaricom Investors Dividend Hits Ksh.22 Billion in March Payout
February 14, 2025
Safaricom Investors Dividend Hits Ksh.22 Billion in March Payout
Safaricom has maintained its interim dividend at Ksh.0.55 per share, translating to a total payout of Ksh.22.04 billion, despite a…