Business
Fitch Downgrades Dangote Credit Rating on Liquidity Concerns
August 7, 2024
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
August 7, 2024
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
August 7, 2024
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
August 7, 2024
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
August 7, 2024
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
August 7, 2024
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
August 7, 2024
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-‘
August 7, 2024
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
August 6, 2024
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…
St. Patrick’s Secondary School Ofafa and Maringo Ward Communities Gain Access to Clean Water Through KPC Foundation Initiative
August 6, 2024
St. Patrick’s Secondary School Ofafa and Maringo Ward Communities Gain Access to Clean Water Through KPC Foundation Initiative
St. Patrick’s Secondary School Ofafa students and the neighboring Maringo Ward communities now have access to clean and safe water,…