Business
Kenya Sets Date to Buy Back it’s Maturing $2 Billion Eurobond
February 7, 2024
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
February 7, 2024
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
February 7, 2024
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
February 7, 2024
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 HighÂ
February 6, 2024
Kenya Raises Benchmark Lending Rate to 12-Year HighÂ
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
February 6, 2024
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
February 6, 2024
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?
February 6, 2024
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
February 6, 2024
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
February 6, 2024
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…