Business

Bolt Defends Pricing Formula in Kenya Amid Uproar Over Commission, Taxes

Bolt Defends Pricing Formula in Kenya Amid Uproar Over Commission, Taxes

Ride-hailing company Bolt has defended its pricing model in Kenya following recent protests by drivers demanding a fair share of…
Kenya Successfully Migrates Electronic Payment System to Global Standard

Kenya Successfully Migrates Electronic Payment System to Global Standard

The Central Bank of Kenya (CBK) has successfully completed the migration of the Kenya Electronic Payment and Settlement System (KEPSS)…
Uganda Signs $2.95 Billion Deal for SGR Extension to Kampala

Uganda Signs $2.95 Billion Deal for SGR Extension to Kampala

Uganda has signed a €2.7 billion ($2.95 billion) deal with Turkish construction firm Yapi Merkezi Holdings AS to build a…
CBK Authorizes JPMorgan Chase Bank to Open Representative Office in Nairobi

CBK Authorizes JPMorgan Chase Bank to Open Representative Office in Nairobi

The Central Bank of Kenya (CBK) has granted authorization for JPMorgan Chase Bank N.A., a major American financial institution, to…
Senegal Envisions Investing About $30.5 Billion In Development

Senegal Envisions Investing About $30.5 Billion In Development

Senegal, a nascent oil and gas producer, intends spending about 12.8 trillion CFA francs ($21 billion) on development over the…
ATIDI Elects New Board Leadership as Prof. Kelly Mua Kingsly Takes Over as Chair

ATIDI Elects New Board Leadership as Prof. Kelly Mua Kingsly Takes Over as Chair

The African Trade & Investment Development Insurance (ATIDI), commonly referred to as the African Trade Insurance Agency, has announced the…
Zoho Unveils Zoho IoT Platform to Revolutionize Business Automation and Connectivity

Zoho Unveils Zoho IoT Platform to Revolutionize Business Automation and Connectivity

Zoho Corporation has launched Zoho IoT, a low-code platform designed to help businesses of all sizes create and deploy custom…
Uganda’s Anti-LGBTQ Laws Have Cost the Nation $1.6 Billion, New Report Shows

Uganda’s Anti-LGBTQ Laws Have Cost the Nation $1.6 Billion, New Report Shows

Uganda has lost approximately $1.6 billion since implementing its controversial anti-LGBTQ laws in May 2023, according to a new study.…
Uganda Lowers Benchmark Lending Rate to 9.75%

Uganda Lowers Benchmark Lending Rate to 9.75%

Uganda’s central bank lowered its benchmark interest rate to 9.75% from 10%, marking its first consecutive rate cut in four…
Adani Group Seeks to Invest $900 Million in Tanzania Power Lines

Adani Group Seeks to Invest $900 Million in Tanzania Power Lines

Tanzania is in talks with the Adani Group for a $900 million public-private partnership project to construct high-voltage power lines.…
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