Business

Kenya Sets Date to Buy Back it’s Maturing $2 Billion Eurobond

Kenya Sets Date to Buy Back it’s Maturing $2 Billion Eurobond

Kenya has made an offer to buy back its $2 billion Eurobonds that will mature in June and revealed plans…
KPC Receives Greenlight to Handle Jet A-1 Fuel in Seven Labs

KPC Receives Greenlight to Handle Jet A-1 Fuel in Seven Labs

Jet A-1 fuel testing will now be conducted across all Kenya Pipeline Company (KPC) laboratories. This follows the certification of…
Novozymes Completes Merger with Chr. Hansen for Biosolutions in East Africa

Novozymes Completes Merger with Chr. Hansen for Biosolutions in East Africa

Danish biotechnology firm Novozymes has successfully concluded its merger with Chr. Hansen. It is the biggest move for Novozymes since…
Uganda’s Central Bank Holds Key Rate as Inflation Stays Low

Uganda’s Central Bank Holds Key Rate as Inflation Stays Low

The Bank of Uganda (BOU) has maintained its benchmark lending rate at 9.5% for the fourth consecutive month, citing low…
Kenya Raises Benchmark Lending Rate to 12-Year High 

Kenya Raises Benchmark Lending Rate to 12-Year High 

Central Bank of Kenya (CBK) has raised its benchmark interest rate to 13%, the highest level since 2012 to curb…
Sub-Saharan Africa Financing Conditions Tough, Says IMF

Sub-Saharan Africa Financing Conditions Tough, Says IMF

The International Monetary Fund says financing conditions for sub-Saharan African economies are likely to remain constrained for a while amid…
Africa Spends $20 Billion Annually on Wheat Imports – Report

Africa Spends $20 Billion Annually on Wheat Imports – Report

African countries collectively spend approximately $20 billion each year on wheat imports. This is according to Dr. Solomon Gizaw, the…
List of Africa’s Billionaires in 2024; Who Are They?

List of Africa’s Billionaires in 2024; Who Are They?

The wealth of Africa’s richest individuals has seen a slight increase over the past year and has reversed the previous…
Family Bank Receives $5 Million Loan from eco.business Fund for Sustainable Agribusiness

Family Bank Receives $5 Million Loan from eco.business Fund for Sustainable Agribusiness

The eco.business Fund has extended $5 million loan (Ksh.805 million), to Family Bank Kenya to strengthen sustainability-certified companies, small-holder farmers,…
Zenith Bank, Ibom Air, and Airbus Ink Deal to Advance African Aviation Financing

Zenith Bank, Ibom Air, and Airbus Ink Deal to Advance African Aviation Financing

Zenith Bank has joined forces with Ibom Air and Airbus for the closure of commercial financing for Ibom Air’s first…
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