Business

Fitch Downgrades Kenya’s Long-Term Foreign-Currency Rating to ‘B-‘

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

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…
Bank of England Cuts Interest Rates to 5% for First Time Since 2020

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

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

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

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

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

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

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…
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