Business

IFC Issues $17 Billion Bond to Boost Rwanda’s Local Capital Market

IFC Issues $17 Billion Bond to Boost Rwanda’s Local Capital Market

The International Finance Corporation (IFC) has successfully issued a RWF 24 billion (approximately $17 million) bond in Rwanda’s domestic capital…
IFAD, EADB Agree to Scale Rural Development in East Africa

IFAD, EADB Agree to Scale Rural Development in East Africa

The International Fund for Agricultural Development (IFAD) and the East African Development Bank (EADB) have signed a new co-financing agreement…
Family Bank Secures $20 Million from UK for Trade Financing

Family Bank Secures $20 Million from UK for Trade Financing

Family Bank has secured a $20 million (Ks.2.6 billion) trade finance facility from British International Investment (BII), for affordable credit for…
How IMF, World Boank is Influencing Bonds Market in Kenya

How IMF, World Boank is Influencing Bonds Market in Kenya

The Central Bank of Kenya (CBK) is implementing reforms in the government bond market by designating major local banks as…
Kenya’s Debt Costs to Remain High Due to Local Borrowing, Moody’s Says

Kenya’s Debt Costs to Remain High Due to Local Borrowing, Moody’s Says

Kenya’s cost of servicing its debts is expected to remain stubbornly high, ratings agency Moody’s said on Wednesday, as the…
South African Businessman & LA Times Owner Eyes IPO by 2026

South African Businessman & LA Times Owner Eyes IPO by 2026

The Los Angeles Times may soon go public, potentially joining the ranks of publicly traded media companies such as The…
Facts about Mukuru Kwa Njenga Affordable Housing Units You Must Know

Facts about Mukuru Kwa Njenga Affordable Housing Units You Must Know

The Mukuru Kwa Njenga Affordable Housing Project is one of the Kenyan government’s most forward-thinking urban renewal efforts, bringing about…
Côte d’Ivoire Issues $336 Million Samurai Bond, First in Sub Sharan Africa

Côte d’Ivoire Issues $336 Million Samurai Bond, First in Sub Sharan Africa

Côte d’Ivoire has made history by becoming the first sub-Saharan African country to issue its first-ever Samurai Bond, raising $336…
Why Ethiopians Are Irked by Trump’s Comment on $5 Billion GERD Dam

Why Ethiopians Are Irked by Trump’s Comment on $5 Billion GERD Dam

Long-standing tensions between Ethiopia and Egypt over the Grand Ethiopian Renaissance Dam (GERD) have intensified following controversial remarks by former…
Uganda to Save $2 Billion on Fuel Import Due to Ethanol Mandate

Uganda to Save $2 Billion on Fuel Import Due to Ethanol Mandate

Uganda is poised to save more than $2 billion on fuel import when the east African country will mandate all…
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