Two of Kenya’s oldest tea producers, Williamson Tea Kenya Plc and its associate Kapchorua Tea Kenya Plc, have reported significant drops in profit for the financial year ending 31 March …
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Court Clears Wells Fargo in ₦253 Million Moyale Heist Case, Blames Equity Bank for Security Lapses
A Kenyan High Court has ruled in favour of security firm Wells Fargo Limited in a case involving the theft of KSh 47 million (about ₦253 million) during a 2019 cash …
- Eastern AfricaEconomyFinance & ServicesINVESTMENTKenyaTrade and CommerceWestern Africa
Kenya’s M&A Deals Drop Sharply But Bigger Transactions Boost Total Value in 2024
Kenya recorded a significant drop in the number of mergers and acquisitions (M&A) deals in 2024, but the total value of those deals went up sharply, showing a shift in …
- AfricaAFRICA NEWSEducationNewsSouth Africa
Free State Police Rescue 19‑Year‑Old Kamogelo Baukudi Kidnapped by Fake Cops
Free State Police have confirmed a major breakthrough in the kidnapping of 19‑year‑old Kamogelo Baukudi from Bloemfontein. The teenager, a Grade 11 student at Martie du Plessis Special School, was …
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Uganda’s Coffee Exports Surge in May with Over 790,000 Bags Shipped
Uganda’s coffee exports surged in May 2025, buoyed by a successful main harvest in the Masaka and south-western regions, according to the latest report from the Uganda Coffee Development Authority …
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Ghana’s Parliament Approves $2.8 Billion Debt Restructuring Deal
Ghana’s Parliament has approved a $2.8 billion debt restructuring agreement with 25 bilateral creditor nations, a major milestone in the country’s efforts to navigate its deepest economic crisis in decades …
- AfricaEconomyEnvironmentManufacturingNigeria
International Breweries Shifts 95% of Products to Returnable Glass Bottles
International Breweries Plc, a subsidiary of AB InBev, has announced that more than 95 per cent of its product portfolio is now packaged in returnable glass bottles as part of …
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Stakeholders Push for Non-Oil Trade to Boost Nigeria’s Intra-African
Stakeholders in Nigeria’s trade sector are banking on the growth of non-oil exports to revitalise the country’s intra-African trade, despite a notable decline in export earnings to the continent. According …
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AfDB Warns Nigeria’s Economic Reforms at Risk Without Strong Institutions
The African Development Bank (AfDB) has raised concerns over Nigeria’s ability to achieve sustainable development despite recent bold policy reforms, citing persistent governance failures and institutional weaknesses as major roadblocks. …
- AfricaBusinessDevelopmentGOVERNMENTInternational RelationsNigeria
UN, Sterling One Foundation Push for Local Climate Solutions Ahead of Africa Social Impact Summit
he United Nations in Nigeria and the Sterling One Foundation have reaffirmed their commitment to promoting local responses to the global climate crisis, calling for bold and scalable African-led solutions …