Business
Bank of England Cuts Interest Rates to 5% for First Time Since 2020
August 1, 2024
Bank of England Cuts Interest Rates to 5% for First Time Since 2020
The Bank of England (BOE) has lowered interest rates for the first time since early 2020, a move seen as…
Adani Reports 115% Surge in Quarterly Profit Amidst Business Expansion
August 1, 2024
Adani Reports 115% Surge in Quarterly Profit Amidst Business Expansion
Adani Enterprises Ltd., led by billionaire Gautam Adani, reported a 115% increase in quarterly profit, driven by growth in its…
NSE Inaugurates Islamic Linzi Sukuk Bond
August 1, 2024
NSE Inaugurates Islamic Linzi Sukuk Bond
The Nairobi Securities Exchange (NSE) has officially launched the Linzi Sukuk bond on its unquoted securities platform. The event, held…
Kenya Plans to Raise Ksh.50 Billion Through Infrastructure Bonds
August 1, 2024
Kenya Plans to Raise Ksh.50 Billion Through Infrastructure Bonds
Kenya plans to raise Ksh.50 billion ($377 million) by selling additional infrastructure bonds this month, according to sources familiar with…
Kenya’s Annual Inflation Eases to Four-Year Low in July
August 1, 2024
Kenya’s Annual Inflation Eases to Four-Year Low in July
Kenya’s annual inflation rate eased to a four-year low in July, driven by a strong shilling and reduced transport prices.…
Kenya and Uganda Begin Talks on Extending Petroleum Pipeline to Kampala
August 1, 2024
Kenya and Uganda Begin Talks on Extending Petroleum Pipeline to Kampala
Kenya and Uganda have officially initiated discussions to extend the petroleum products pipeline from Eldoret to Kampala. Last week, Uganda’s…
Mansa Launches First Liquidity Pool on Base, Expanding Financial Access in Africa
August 1, 2024
Mansa Launches First Liquidity Pool on Base, Expanding Financial Access in Africa
Mansa has announced the launch of its first liquidity pool on Base. Mansa is among the leading fintech company providing…
Aga Khan University Ranked Among Top 5% Globally for ‘Good Health and Well-Being
July 24, 2024
Aga Khan University Ranked Among Top 5% Globally for ‘Good Health and Well-Being
The Aga Khan University (AKU) has been ranked top 5% of higher education institutions globally for Sustainable Development Goal (SDG)…
KAA Reveals Deals in Which Indian-based Adani will Operate JKIA
July 24, 2024
KAA Reveals Deals in Which Indian-based Adani will Operate JKIA
The Kenya Airports Authority (KAA) has addressed the public outcry and protests regarding the potential involvement of a private company…
Kenya Airports Authority Responds to JKIA Privatization Concerns Amid Protests
July 24, 2024
Kenya Airports Authority Responds to JKIA Privatization Concerns Amid Protests
The Kenya Airports Authority (KAA) has addressed the public outcry and protests regarding the potential involvement of a private company…