Business
Treasury CS Mbadi Announces Measures for Increased Revenue, Country’s Stability
August 12, 2024
Treasury CS Mbadi Announces Measures for Increased Revenue, Country’s Stability
Cabinet Secretary (CS) John Mbadi has unveiled a series of measures aimed at boosting revenue and ensuring the stability of…
Kenyan Digital Insurance Platform mTek Partners with BuuPas for Travel Insurance
August 12, 2024
Kenyan Digital Insurance Platform mTek Partners with BuuPas for Travel Insurance
Kenyan digital insurance platform mTek has joined forces with BuuPass to offer integrated travel insurance coverage. The deal will provide…
Ghana Opens First Gold Refinery to Boost Earnings From Metal
August 12, 2024
Ghana Opens First Gold Refinery to Boost Earnings From Metal
Ghana opened its first commercial gold refinery in Accra on Thursday, marking a significant step in the country’s efforts to…
Oil Steady After Weekly Gain as Traders Watch for Iran Reprisal
August 12, 2024
Oil Steady After Weekly Gain as Traders Watch for Iran Reprisal
Oil steadied after its first weekly gain since early July, with the market still waiting for Iran’s response to last…
Bank of Uganda Cuts Interest Rate for First Time in a Year
August 9, 2024
Bank of Uganda Cuts Interest Rate for First Time in a Year
Uganda’s central bank cut its benchmark interest rate for the first time in a year after revising its inflation forecasts…
U.S, Kenya Set to Conclude Seventh STIP Negotiation Round in Nairobi
August 9, 2024
U.S, Kenya Set to Conclude Seventh STIP Negotiation Round in Nairobi
The United States and Kenya are expected to finalize their seventh round of negotiations under the Strategic Trade and Investment…
Adani Acquires 95% Stake in Tanzania Container Terminal for $39.5 Million
August 9, 2024
Adani Acquires 95% Stake in Tanzania Container Terminal for $39.5 Million
Adani Ports and Special Economic Zone Ltd. (APSEZ) has entered into a joint venture with Hutchison Port Holdings Ltd. to…
Jumia Growth Stalls as it Moves to Raise $100 Million in Secondary Shares
August 9, 2024
Jumia Growth Stalls as it Moves to Raise $100 Million in Secondary Shares
New York-listed African e-commerce company Jumia is planning to sell 20 million American depositary shares over the next couple of…
Standard Bank Kenya Sees Tough Second Half Amid Protests
August 9, 2024
Standard Bank Kenya Sees Tough Second Half Amid Protests
Stanbic Holdings Plc said Kenya’s credit rating downgrade and uncertainty caused by weeks of protests made for a tough banking…
Ecobank Group’s Profit Before Tax Up $324 Million in HY 2024
August 7, 2024
Ecobank Group’s Profit Before Tax Up $324 Million in HY 2024
The pan-African banking group Ecobank Transnational Incorporated (ETIT) increased its net revenues to $994 million and its profit before tax…