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Nigeria Receives $1.57 Billion Loan From World Bank

Nigeria Receives $1.57 Billion Loan From World Bank

The World Bank has approved $1.57 billion in new loans to Nigeria to support health services, education, and dam safety,…
Kenya Inflation Slows to 12-Year Low in September on Food Prices

Kenya Inflation Slows to 12-Year Low in September on Food Prices

Kenya’s annual inflation eased in September to the slowest pace in almost 12 years, helped by weaker growth in food…
CBK Approves 27 More Digital Credit Providers, Bringing Total to 85

CBK Approves 27 More Digital Credit Providers, Bringing Total to 85

The Central Bank of Kenya (CBK) has announced the licensing of an additional 27 Digital Credit Providers (DCPs), bringing the…
Ghana Lowers Interest Rates by Steepest Margin Since 2018

Ghana Lowers Interest Rates by Steepest Margin Since 2018

Ghana’s central bank cut its key interest rate to 27% from 29%, a larger-than-expected reduction, as inflation in the country…
Zimbabwe Devalues Currency, Raises Interest Rates to Curb Inflation

Zimbabwe Devalues Currency, Raises Interest Rates to Curb Inflation

Zimbabwe’s Reserve Bank has devalued its gold-backed currency, the ZiG, by 43% and raised the benchmark interest rate to 35%…
Kenya to Decide on Future IMF Loans as Current Program Nears Expiry

Kenya to Decide on Future IMF Loans as Current Program Nears Expiry

Kenya will soon make a decision on the nature of its next International Monetary Fund (IMF) program once the current…
Pressure Mounts on Kenya’s Treasury on Rising Rates Against Domestic Borrowing

Pressure Mounts on Kenya’s Treasury on Rising Rates Against Domestic Borrowing

With domestic interest rates soaring to 17% and external loans shrinking, Kenya faces a tough challenge in securing affordable funding…
Why World’s Most Popular Vegetable Oil Is No Longer the Cheapest  

Why World’s Most Popular Vegetable Oil Is No Longer the Cheapest  

Palm oil is the world’s most consumed edible oil, produced by oil palms with high productivity per unit area compared…
Safaricom Co-operative Rebrands to New Look for Growth, Diversification

Safaricom Co-operative Rebrands to New Look for Growth, Diversification

Safaricom Investment Co-operative has officially rebranded to SIC Investment Co-operative as part of a strategic move for growth and diversification.…
Kenya Police Sacco Clinches Best Managed Sacco Award for Fourth Consecutive Year

Kenya Police Sacco Clinches Best Managed Sacco Award for Fourth Consecutive Year

The Kenya National Police DT Sacco has been feted as the Best Managed Sacco for the fourth consecutive year at…
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