Business

Ethiopia To Export Power to Tanzania Via Kenya; Here is What We Know

Ethiopia To Export Power to Tanzania Via Kenya; Here is What We Know

Ethiopia is set to export 100 megawatts of electricity to Tanzania through Kenya, pending the finalization of a cross-border power…
Zimbabwe’s Central Bank Retains Africa’s Highest Interest Rate at 35%

Zimbabwe’s Central Bank Retains Africa’s Highest Interest Rate at 35%

Zimbabwe’s central bank retained Africa’s highest interest rate and affirmed its tight monetary policy stance will continue into 2025. The…
Why Billionaire Merali is Facing $2.22 Million Loss in Sasini Stake

Why Billionaire Merali is Facing $2.22 Million Loss in Sasini Stake

The Merali family, one of Kenya’s wealthiest households and the largest shareholders of Sasini Tea, has suffered a significant decline…
Uganda Confirms Central Bank Hacking, Refutes $17 Million Claim

Uganda Confirms Central Bank Hacking, Refutes $17 Million Claim

Uganda’s finance ministry confirmed media reports that hackers breached the central bank’s systems and stole money, but refuted claims that…
NCBA Bank Moves to Kitui for Local Empowerment with New Branch

NCBA Bank Moves to Kitui for Local Empowerment with New Branch

NCBA Bank has opened a new branch in Kitui, reinforcing its dedication to accessible financial services and local community support.…
Nigeria Secures $2.2B in First Eurobond Issue Since 2022

Nigeria Secures $2.2B in First Eurobond Issue Since 2022

Nigeria has raised $2.2 billion in its latest Eurobond auction, the first since March 2022, to address its widening fiscal…
Kenyan Businessman Freed on Bail in Ksh.4.5 billion Fraud Case

Kenyan Businessman Freed on Bail in Ksh.4.5 billion Fraud Case

Benson Ndeta, chairman of Savannah Clinker, has been released on bail by the High Court following his arrest in connection…
Kenya to Access $1.5 Billion UAE Loan in Phases to Stay Within IMF Debt Limits

Kenya to Access $1.5 Billion UAE Loan in Phases to Stay Within IMF Debt Limits

Kenya plans to access a $1.5 billion loan from Abu Dhabi in phases to ensure compliance with borrowing limits set…
Kenya to Introduce 1% Levy on Park Entry Fees to Boost Wildlife Conservation

Kenya to Introduce 1% Levy on Park Entry Fees to Boost Wildlife Conservation

Kenya, renowned for its world-famous safaris featuring iconic wildlife such as elephants, lions, and wildebeests, has unveiled plans to introduce…
Family Bank Celebrates 40 Years of Empowering Communities, Economic Growth

Family Bank Celebrates 40 Years of Empowering Communities, Economic Growth

Family Bank has marked its 40th anniversary with a celebration of its unwavering commitment to empowering communities, fostering economic growth,…
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