Business
Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
August 7, 2024
Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘
Fitch Ratings has downgraded Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’, while maintaining a Stable Outlook.…
Mobius Motors to Cease Operations in Kenya Following Shareholders’ Decision
August 6, 2024
Mobius Motors to Cease Operations in Kenya Following Shareholders’ Decision
Kenyan vehicle manufacturer Mobius Motors is set to close its operations in Kenya after shareholders approved a plan to place…
St. Patrick’s Secondary School Ofafa and Maringo Ward Communities Gain Access to Clean Water Through KPC Foundation Initiative
August 6, 2024
St. Patrick’s Secondary School Ofafa and Maringo Ward Communities Gain Access to Clean Water Through KPC Foundation Initiative
St. Patrick’s Secondary School Ofafa students and the neighboring Maringo Ward communities now have access to clean and safe water,…
Bank of England Cuts Interest Rates to 5% for First Time Since 2020
August 1, 2024
Bank of England Cuts Interest Rates to 5% for First Time Since 2020
The Bank of England (BOE) has lowered interest rates for the first time since early 2020, a move seen as…
Adani Reports 115% Surge in Quarterly Profit Amidst Business Expansion
August 1, 2024
Adani Reports 115% Surge in Quarterly Profit Amidst Business Expansion
Adani Enterprises Ltd., led by billionaire Gautam Adani, reported a 115% increase in quarterly profit, driven by growth in its…
NSE Inaugurates Islamic Linzi Sukuk Bond
August 1, 2024
NSE Inaugurates Islamic Linzi Sukuk Bond
The Nairobi Securities Exchange (NSE) has officially launched the Linzi Sukuk bond on its unquoted securities platform. The event, held…
Kenya Plans to Raise Ksh.50 Billion Through Infrastructure Bonds
August 1, 2024
Kenya Plans to Raise Ksh.50 Billion Through Infrastructure Bonds
Kenya plans to raise Ksh.50 billion ($377 million) by selling additional infrastructure bonds this month, according to sources familiar with…
Kenya’s Annual Inflation Eases to Four-Year Low in July
August 1, 2024
Kenya’s Annual Inflation Eases to Four-Year Low in July
Kenya’s annual inflation rate eased to a four-year low in July, driven by a strong shilling and reduced transport prices.…
Kenya and Uganda Begin Talks on Extending Petroleum Pipeline to Kampala
August 1, 2024
Kenya and Uganda Begin Talks on Extending Petroleum Pipeline to Kampala
Kenya and Uganda have officially initiated discussions to extend the petroleum products pipeline from Eldoret to Kampala. Last week, Uganda’s…
Mansa Launches First Liquidity Pool on Base, Expanding Financial Access in Africa
August 1, 2024
Mansa Launches First Liquidity Pool on Base, Expanding Financial Access in Africa
Mansa has announced the launch of its first liquidity pool on Base. Mansa is among the leading fintech company providing…