Business
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.…
CBK Cuts Benchmark Lending Rate by 75 Basis Points to 12%
October 9, 2024
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
October 8, 2024
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
October 8, 2024
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
October 8, 2024
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
October 7, 2024
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
October 3, 2024
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
October 2, 2024
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,…