Business
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…
MultiChoice Declines $2.5 Billion Acquisition Offer from Canal+
February 5, 2024
MultiChoice Declines $2.5 Billion Acquisition Offer from Canal+
MultiChoice, a Pan-African Pay-tv operator, has rejected a $2.5 billion acquisition offer from French media company, Canal+. The company said…
Govt Releases Ksh.300 Million to Nzoia Sugar Farmers
February 2, 2024
Govt Releases Ksh.300 Million to Nzoia Sugar Farmers
The Kenyan government has commenced the distribution of Ksh.300 million to farmers of Nzoia Sugar Factory, a knee-jerk to local…
Oil Prices Down 2% on Rumoured Israeli, Hamas Truce
February 2, 2024
Oil Prices Down 2% on Rumoured Israeli, Hamas Truce
Oil prices dipped by 2% due to unconfirmed rumors of a truce between Israel and Hamas. This was further compounded…
Reasons Why Kenya Shilling is on Winning Streak Against Dollar
February 2, 2024
Reasons Why Kenya Shilling is on Winning Streak Against Dollar
The Kenyan currency has been gaining against the US dollar for five days in a row as of Friday, February…
Egypt Hikes Benchmark Lending Rate After Deal with IMF
February 2, 2024
Egypt Hikes Benchmark Lending Rate After Deal with IMF
Egypt raised interest rates for the first time since August, breaking expectations with a move that might speed up progress…
UBA Kenya Appoints Mary Muli its CEO
February 1, 2024
UBA Kenya Appoints Mary Muli its CEO
UBA Kenya has appointed Mary Mulili as its Chief Executive Officer, effective January 19, 2024, pending regulatory approval. If approved,…