Business
AfDB Funding in Limbo as Trump Proposes $555 Million in Aid Cut
May 6, 2025
AfDB Funding in Limbo as Trump Proposes $555 Million in Aid Cut
The United States government has proposed ending its contributions to both the African Development Bank (AfDB) and its concessional arm,…
Kisumu Port Posts 142% Cargo Throughput Growth as KPA Eyes 223,500 Tonnes Target by 2025
May 6, 2025
Kisumu Port Posts 142% Cargo Throughput Growth as KPA Eyes 223,500 Tonnes Target by 2025
Kenya’s Kisumu Port is emerging as a key inland logistics hub, with the latest data from the Kenya Ports Authority…
DStv Sees 5.1% Record Drop in Subscription in 7 years
May 6, 2025
DStv Sees 5.1% Record Drop in Subscription in 7 years
South Africa’s pay-TV provider, DStv, has seen a sharp decline in its subscriber base, with numbers falling back to levels…
Banks Oppose Proposal to Cap Lending Rates Using CBR
May 2, 2025
Banks Oppose Proposal to Cap Lending Rates Using CBR
Kenyan banks have opposed a proposal by the Central Bank of Kenya’s (CBK) to adopt the Central Bank Rate (CBR)…
Afreximbank Launches $3 Billion Fund for Intra-African Oil Trade
April 30, 2025
Afreximbank Launches $3 Billion Fund for Intra-African Oil Trade
The African Export-Import Bank (Afreximbank) has unveiled a $3 billion Revolving Intra-African Oil Trade Financing Programme aimed at supporting African…
Nigeria Names Four Kenyans in $840 Million CBEX Crypto Scam
April 30, 2025
Nigeria Names Four Kenyans in $840 Million CBEX Crypto Scam
Nigeria’s Economic and Financial Crimes Commission (EFCC) has identified four Kenyans as suspects in a massive cryptocurrency scam tied to…
Cabinet Approves 2025 Finance Bill Amid Push for Fiscal Discipline
April 30, 2025
Cabinet Approves 2025 Finance Bill Amid Push for Fiscal Discipline
The Cabinet has approved the 2025 Finance Bill, a key instrument in mobilizing revenue for the national budget, while signaling…
Pwani Oil Surpasses 2025 Green Targets by 16 % in Renewable Energy Use
April 25, 2025
Pwani Oil Surpasses 2025 Green Targets by 16 % in Renewable Energy Use
Pwani Oil Products has exceeded its 2025 targets on renewable energy use and water recycling by 16% to 66% of…
Kenya, China Strengthen Partnership with New Trade Deals
April 24, 2025
Kenya, China Strengthen Partnership with New Trade Deals
President William Ruto hailed the Kenya-China strategic partnership as “permanent, people-centered, and delivering practical, tangible, impactful, and sustainable win-win situations.”…
Tanzania Imposes Embargo on South Africa, Malawi Produce
April 24, 2025
Tanzania Imposes Embargo on South Africa, Malawi Produce
Tanzania has escalated a regional trade dispute by imposing a comprehensive ban on agricultural imports from Malawi and South Africa,…