Business
Shilling Holds Steady at 127 Units Against Dollar on CBK intervention
March 4, 2025
Shilling Holds Steady at 127 Units Against Dollar on CBK intervention
The Kenyan shilling has strengthened to its highest level in six months, reaching an exchange rate of 127.42 against the…
Trump’s Funding Cut to Kenya Hits Ksh.108 Billion in Two Weeks
March 4, 2025
Trump’s Funding Cut to Kenya Hits Ksh.108 Billion in Two Weeks
The U.S. Agency for International Development (USAID) has terminated contracts and grants in Kenya totaling over Ksh.108 billion ($834 million),…
Kenya’s Inflation up to 3.5% in February
February 28, 2025
Kenya’s Inflation up to 3.5% in February
Kenya’s annual consumer inflation rose for the fourth month in a row to 3.5% in February from 3.3% in January, the statistics office said on Friday. Core…
54 Collective to Close Venture Studio Operations as Mastercard Foundation Partnership Ends
February 28, 2025
54 Collective to Close Venture Studio Operations as Mastercard Foundation Partnership Ends
54 Collective, previously known as Founders Factory Africa, is set to close its venture studio operations across Africa after its…
Kenya to Borrow $1.5 Billion in New Debt While Buying Back $900 Million
February 27, 2025
Kenya to Borrow $1.5 Billion in New Debt While Buying Back $900 Million
Kenya is returning to the international markets with a plan to borrow Ksh.193.5 billion ($1.5 billion) through a new bond…
Trump’s Foreign Aid Freeze Threatens Africa’s Critical Minerals Corridor
February 26, 2025
Trump’s Foreign Aid Freeze Threatens Africa’s Critical Minerals Corridor
A billion-dollar U.S.-backed railway project in Africa, vital for transporting critical minerals to global markets, is facing delays due to…
Trump Terminates Power Africa Initiative After Over a Decade
February 26, 2025
Trump Terminates Power Africa Initiative After Over a Decade
The Trump administration has dismantled Power Africa, a U.S. initiative launched over a decade ago to expand electricity access across…
Court Stays Order Quashing New University Funding Model
February 26, 2025
Court Stays Order Quashing New University Funding Model
The courts have upended President William Ruto’s new university funding model, forcing his administration to rethink a plan that has…
AfDB Approves $31 Million to Boost Climate Resilience in Africa
February 21, 2025
AfDB Approves $31 Million to Boost Climate Resilience in Africa
The African Development Bank (AfDB) has approved over $31 million in funding to support climate resilience initiatives in Sierra Leone,…
Nigeria Keeps Benchmark Lending Rate Unchanged
February 21, 2025
Nigeria Keeps Benchmark Lending Rate Unchanged
On Thursday, Nigeria’s central bank decided to maintain its benchmark interest rate following a series of six increases in the…