Regions
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Bank of Uganda Cuts Interest Rate for First Time in a Year
Uganda’s central bank cut its benchmark interest rate for the first time in a year after revising its inflation forecasts…
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Dubai Firm to Acquire 60% in Uganda’s Telecom Operator, Utel
Uganda expects Rowad Capital Commercial LLC to invest an initial $225 million in its state-run telecommunications operator and take up…
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U.S, Kenya Set to Conclude Seventh STIP Negotiation Round in Nairobi
The United States and Kenya are expected to finalize their seventh round of negotiations under the Strategic Trade and Investment…
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Adani Acquires 95% Stake in Tanzania Container Terminal for $39.5 Million
Adani Ports and Special Economic Zone Ltd. (APSEZ) has entered into a joint venture with Hutchison Port Holdings Ltd. to…
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Standard Bank Kenya Sees Tough Second Half Amid Protests
Stanbic Holdings Plc said Kenya’s credit rating downgrade and uncertainty caused by weeks of protests made for a tough banking…
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MPs Reject Stella Soi Lang’at’s Nomination to Cabinet
The National Assembly Committee on Appointments has rejected the nomination of Stella Soi Lang’at to the Cabinet. Lang’at was nominated…
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Johannesburg is Facing $12 Billion Infrastructure Crisis
Johannesburg, renowned as Africa’s wealthiest city due to its high concentration of businesses and millionaires, is grappling with a staggering…
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What it Means as Parliament Okays Pensions (Amendment) Bill, 2022
The National Assembly has passed the Pensions (Amendment) Bill, 2022, aimed at expediting the processing and payment of pensions. The…
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CBK Makes Changes to Currency Banknotes
The Central Bank of Kenya (CBK) has announced changes to the Kenyan currency banknotes, in line with its mandate to…
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Bangladesh PM Hasina Quits, Flees as Protestors Storm Palace
Bangladesh’s Prime Minister Sheikh Hasina has reportedly resigned and fled the country in the face of ongoing protests. The longtime…
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