Business

Oil Marketers under financial pressure over soaring fuel prices

Oil Marketers under financial pressure over soaring fuel prices

Oil marketers in Kenya are grappling with increased working capital requirements due to a combination of rising global fuel prices…
World Bank – Global debt returning to its rising trend

World Bank – Global debt returning to its rising trend

The global debt burden retreated for the second year in a row, even though it remains above its already-high pre-pandemic…
Five key objectives in Nigeria’s $3 billion loan from Afreximbank

Five key objectives in Nigeria’s $3 billion loan from Afreximbank

Nigeria and Afreximbank reached an understanding for an immediate support facility that will see west African nation receive $3 billion…
Housing Minister Dangiwa succeeds Fashola as Chairman of Shelter Afrique AGM Bureau

Housing Minister Dangiwa succeeds Fashola as Chairman of Shelter Afrique AGM Bureau

Nigeria’s newly appointed Minister for Housing and Urban Development, Architect Ahmed Musa Dangiwa, has taken over the chairmanship of Shelter…
Nigeria’s Tony Elumelu-led UBA posts $512 million half year profit

Nigeria’s Tony Elumelu-led UBA posts $512 million half year profit

United Bank for Africa Plc (UBA), the prominent pan-African financial services group led by Nigerian tycoon Tony Elumelu, has sent…
Africa climate smart innovative financing instruments required

Africa climate smart innovative financing instruments required

The Africa Climate Summit ended in a not very high tone as expected by the participants and especially the civil…
Dhow CDS is a Game Changer into Kenya’s Security Market

Dhow CDS is a Game Changer into Kenya’s Security Market

The Central Bank of Kenya (CBK) has again led the park by officially launching Dhow CDS, a central depository infrastructure…
NSE Chairman Kittony shortlisted for World Chambers Federation Chair position

NSE Chairman Kittony shortlisted for World Chambers Federation Chair position

Nairobi Securities Exchange (NSE) Chairman Kiprono Kittony has been shortlisted for the position of Chair of the World Chambers Federation/International…
Egyptian Ashraf Sabry takes $1.5 million hit from Fawry stake

Egyptian Ashraf Sabry takes $1.5 million hit from Fawry stake

Egyptian fintech founder Ashraf Sabry has seen the market value of his stake in Fawry for Banking Technology and Electronic…
UK announces Ksh.9 billion financing deal for climate change In Africa

UK announces Ksh.9 billion financing deal for climate change In Africa

African countries have received a financial boost as they gear up the fight against climate change.This includes a Ksh.9 billion…
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