Business
UN To Cut Over 7,000 Jobs Over US Funding Pull Back
August 5, 2025
UN To Cut Over 7,000 Jobs Over US Funding Pull Back
The United Nations is undertaking its most significant cost-cutting effort, with Secretary-General António Guterres announcing a 20% reduction in the…
How Wildebeest Migrations Feed Flamingos’ Pink Plumage
August 1, 2025
How Wildebeest Migrations Feed Flamingos’ Pink Plumage
While the great wildebeest migration across East Africa’s rivers captures global attention, few notice how these travelers sustain another natural…
Trump Orders Universal 50% Tariff on Imports of Certain Copper Products
August 1, 2025
Trump Orders Universal 50% Tariff on Imports of Certain Copper Products
U.S. President Donald Trump on Wednesday signed a proclamation to address the effects of copper imports, imposing universal 50 percent…
Microsoft Hits $4 Trillion Market Cap on Strong Earnings
August 1, 2025
Microsoft Hits $4 Trillion Market Cap on Strong Earnings
Microsoft has become the second company in history to surpass a $4 trillion market capitalization, following a robust quarterly earnings…
Shelter Afrique Secures $120 Million from Arab Bank for Affordable Housing Initiatives
July 31, 2025
Shelter Afrique Secures $120 Million from Arab Bank for Affordable Housing Initiatives
Shelter Afrique Development Bank (ShafDB) has secured $120 million from Arab Bank for Economic Development in Africa (BADEA) to increase…
IFC Issues $17 Billion Bond to Boost Rwanda’s Local Capital Market
July 31, 2025
IFC Issues $17 Billion Bond to Boost Rwanda’s Local Capital Market
The International Finance Corporation (IFC) has successfully issued a RWF 24 billion (approximately $17 million) bond in Rwanda’s domestic capital…
IFAD, EADB Agree to Scale Rural Development in East Africa
July 30, 2025
IFAD, EADB Agree to Scale Rural Development in East Africa
The International Fund for Agricultural Development (IFAD) and the East African Development Bank (EADB) have signed a new co-financing agreement…
Family Bank Secures $20 Million from UK for Trade Financing
July 30, 2025
Family Bank Secures $20 Million from UK for Trade Financing
Family Bank has secured a $20 million (Ks.2.6 billion) trade finance facility from British International Investment (BII), for affordable credit for…
How IMF, World Boank is Influencing Bonds Market in Kenya
July 28, 2025
How IMF, World Boank is Influencing Bonds Market in Kenya
The Central Bank of Kenya (CBK) is implementing reforms in the government bond market by designating major local banks as…
Kenya’s Debt Costs to Remain High Due to Local Borrowing, Moody’s Says
July 25, 2025
Kenya’s Debt Costs to Remain High Due to Local Borrowing, Moody’s Says
Kenya’s cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody’s said on Wednesday, as the…