Business
Bolt Defends Pricing Formula in Kenya Amid Uproar Over Commission, Taxes
October 15, 2024
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
October 15, 2024
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
October 14, 2024
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
October 14, 2024
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
October 14, 2024
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
October 14, 2024
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
October 11, 2024
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
October 11, 2024
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%
October 9, 2024
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
October 9, 2024
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.…