Business
IMF to Review Kenya’s $3.9 Billion Loan Program on October 30
October 18, 2024
IMF to Review Kenya’s $3.9 Billion Loan Program on October 30
The International Monetary Fund (IMF) executive board is set to deliberate the next disbursement in Kenya’s $3.9 billion loan program…
Court Clears Senate on Impeachment Trial of DP Gachagua
October 15, 2024
Court Clears Senate on Impeachment Trial of DP Gachagua
The High Court of Kenya has allowed the Senate to move forward with impeachment proceedings against Deputy President Rigathi Gachagua.…
Bolt Defends Pricing Formula in Kenya Amid Uproar Over Commission, Taxes
October 15, 2024
Bolt Defends Pricing Formula in Kenya Amid Uproar Over Commission, Taxes
Ride-hailing company Bolt has defended its pricing model in Kenya following recent protests by drivers demanding a fair share of…
Kenya Successfully Migrates Electronic Payment System to Global Standard
October 15, 2024
Kenya Successfully Migrates Electronic Payment System to Global Standard
The Central Bank of Kenya (CBK) has successfully completed the migration of the Kenya Electronic Payment and Settlement System (KEPSS)…
Uganda Signs $2.95 Billion Deal for SGR Extension to Kampala
October 14, 2024
Uganda Signs $2.95 Billion Deal for SGR Extension to Kampala
Uganda has signed a €2.7 billion ($2.95 billion) deal with Turkish construction firm Yapi Merkezi Holdings AS to build a…
CBK Authorizes JPMorgan Chase Bank to Open Representative Office in Nairobi
October 14, 2024
CBK Authorizes JPMorgan Chase Bank to Open Representative Office in Nairobi
The Central Bank of Kenya (CBK) has granted authorization for JPMorgan Chase Bank N.A., a major American financial institution, to…
Senegal Envisions Investing About $30.5 Billion In Development
October 14, 2024
Senegal Envisions Investing About $30.5 Billion In Development
Senegal, a nascent oil and gas producer, intends spending about 12.8 trillion CFA francs ($21 billion) on development over the…
ATIDI Elects New Board Leadership as Prof. Kelly Mua Kingsly Takes Over as Chair
October 14, 2024
ATIDI Elects New Board Leadership as Prof. Kelly Mua Kingsly Takes Over as Chair
The African Trade & Investment Development Insurance (ATIDI), commonly referred to as the African Trade Insurance Agency, has announced the…
Zoho Unveils Zoho IoT Platform to Revolutionize Business Automation and Connectivity
October 11, 2024
Zoho Unveils Zoho IoT Platform to Revolutionize Business Automation and Connectivity
Zoho Corporation has launched Zoho IoT, a low-code platform designed to help businesses of all sizes create and deploy custom…
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.…