Business

Fitch Downgrades Dangote Credit Rating on Liquidity Concerns

Fitch Downgrades Dangote Credit Rating on Liquidity Concerns

Fitch Ratings has downgraded Dangote Industries Limited’s (DIL) credit rating to B+ and placed the company on ratings watch negative,…
Emerging Market Stocks Rebound After Monday’s Losses

Emerging Market Stocks Rebound After Monday’s Losses

Emerging market assets recovered some of their losses on Tuesday following a significant sell-off the previous day. Gains were limited…
Johannesburg is Facing $12 Billion Infrastructure Crisis

Johannesburg is Facing $12 Billion Infrastructure Crisis

Johannesburg, renowned as Africa’s wealthiest city due to its high concentration of businesses and millionaires, is grappling with a staggering…
What it Means as Parliament Okays Pensions (Amendment) Bill, 2022

What it Means as Parliament Okays Pensions (Amendment) Bill, 2022

The National Assembly has passed the Pensions (Amendment) Bill, 2022, aimed at expediting the processing and payment of pensions. The…
Kenya’s Central Bank Cuts Benchmark Interest Rate in Four Years

Kenya’s Central Bank Cuts Benchmark Interest Rate in Four Years

The Central Bank of Kenya (CBK) has cut its benchmark interest rate for the first time in over four years.…
Investors Flock Seychelles, Mauritius Over Favourable Investment Terms

Investors Flock Seychelles, Mauritius Over Favourable Investment Terms

Seychelles and Mauritius have emerged as the top investment destinations in Africa, outperforming the continent in terms of economic performance,…
CBK Makes Changes to Currency Banknotes

CBK Makes Changes to Currency Banknotes

The Central Bank of Kenya (CBK) has announced changes to the Kenyan currency banknotes, in line with its mandate to…
Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘

Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘

Fitch Ratings has downgraded Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, while maintaining a Stable Outlook.…
Mobius Motors to Cease Operations in Kenya Following Shareholders’ Decision

Mobius Motors to Cease Operations in Kenya Following Shareholders’ Decision

Kenyan vehicle manufacturer Mobius Motors is set to close its operations in Kenya after shareholders approved a plan to place…
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