Business

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.…
CBK Cuts Benchmark Lending Rate by 75 Basis Points to 12%

CBK Cuts Benchmark Lending Rate by 75 Basis Points to 12%

The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12%, as expected, to support…
Kenya Airways Now Seeks Partial Control of JKIA Amidst Adani-Takeover Discussions

Kenya Airways Now Seeks Partial Control of JKIA Amidst Adani-Takeover Discussions

Kenya Airways wants to gain some control of the capital’s biggest airport even as authorities discuss concessions with private players…
Gen Z Protests Push Kenya to Runs to IMF to Help Fight Corruption

Gen Z Protests Push Kenya to Runs to IMF to Help Fight Corruption

Kenya has asked the International Monetary Fund (IMF) for an in-depth assessment of how corruption and mismanagement of state resources…
Kenya Set for First Successive Rate Cut in Four Years

Kenya Set for First Successive Rate Cut in Four Years

The Central Bank of Kenya (CBK) is set to cut interest rates at a second straight meeting for the first…
CS Muturi Officially Launches Customer Service Week at Nairobi’s Huduma Centre

CS Muturi Officially Launches Customer Service Week at Nairobi’s Huduma Centre

Public Service Cabinet Secretary Justin Muturi officially inaugurated this year’s Customer Service Week at the Huduma Centre, GPO, in Nairobi,…
Absa Bank Kenya Commits Ksh. 500 Million to Transformative Projects through New Foundation

Absa Bank Kenya Commits Ksh. 500 Million to Transformative Projects through New Foundation

Absa Bank Kenya has announced a Ksh.500 million seed funding for transformative projects aimed at addressing societal and environmental issues.…
Nigeria Receives $1.57 Billion Loan From World Bank

Nigeria Receives $1.57 Billion Loan From World Bank

The World Bank has approved $1.57 billion in new loans to Nigeria to support health services, education, and dam safety,…
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