Business
TransCentury PLC Delays Release of 2024 Audited Financial Results
May 7, 2025
TransCentury PLC Delays Release of 2024 Audited Financial Results
TransCentury PLC has announced a delay in publishing its audited financial statements for the year ended December 31, 2024, citing…
SACCOs Expand Loan Portfolio to Dwarf Banks in Private Sector Lending
May 7, 2025
SACCOs Expand Loan Portfolio to Dwarf Banks in Private Sector Lending
Kenya’s Deposit-Taking Savings and Credit Cooperative Organizations (DT-SACCOs) expanded their loan portfolio to dwarf commercial banks in the private sector…
Kenya’s Economic Growth Down to 4.7% in 2024, Says KNBS
May 6, 2025
Kenya’s Economic Growth Down to 4.7% in 2024, Says KNBS
Kenya’s economy expanded by 4.7% in 2024, down from the 5.7% growth registered in the previous year, according to the…
How Ban on Foreign Currency Will Affect International Transactions in Tanzania
May 6, 2025
How Ban on Foreign Currency Will Affect International Transactions in Tanzania
The Bank of Tanzania (BoT) imposed a ban on the use of foreign currencies for local transactions in Tanzania, effective…
AfDB Funding in Limbo as Trump Proposes $555 Million in Aid Cut
May 6, 2025
AfDB Funding in Limbo as Trump Proposes $555 Million in Aid Cut
The United States government has proposed ending its contributions to both the African Development Bank (AfDB) and its concessional arm,…
Kisumu Port Posts 142% Cargo Throughput Growth as KPA Eyes 223,500 Tonnes Target by 2025
May 6, 2025
Kisumu Port Posts 142% Cargo Throughput Growth as KPA Eyes 223,500 Tonnes Target by 2025
Kenya’s Kisumu Port is emerging as a key inland logistics hub, with the latest data from the Kenya Ports Authority…
DStv Sees 5.1% Record Drop in Subscription in 7 years
May 6, 2025
DStv Sees 5.1% Record Drop in Subscription in 7 years
South Africa’s pay-TV provider, DStv, has seen a sharp decline in its subscriber base, with numbers falling back to levels…
Banks Oppose Proposal to Cap Lending Rates Using CBR
May 2, 2025
Banks Oppose Proposal to Cap Lending Rates Using CBR
Kenyan banks have opposed a proposal by the Central Bank of Kenya’s (CBK) to adopt the Central Bank Rate (CBR)…
Afreximbank Launches $3 Billion Fund for Intra-African Oil Trade
April 30, 2025
Afreximbank Launches $3 Billion Fund for Intra-African Oil Trade
The African Export-Import Bank (Afreximbank) has unveiled a $3 billion Revolving Intra-African Oil Trade Financing Programme aimed at supporting African…
Nigeria Names Four Kenyans in $840 Million CBEX Crypto Scam
April 30, 2025
Nigeria Names Four Kenyans in $840 Million CBEX Crypto Scam
Nigeria’s Economic and Financial Crimes Commission (EFCC) has identified four Kenyans as suspects in a massive cryptocurrency scam tied to…