The National treasury now says fuel prices could increase further as the government seeks to gradually remove the subsidy cushioning kenyans against high cost. In a statement, Cabinet Secretary Ukur …
INVESTMENT
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Banking, Finance & InvestmentBusinessINVESTMENTSouthern Africa
Ecobank, Access Holdings, Cornerstone top stocks to watch this week
Nigerian stocks last week were slightly up by 0.55 per cent after seeing a slide the previous week, underscoring the strong appeal of equities to investors at a time of …
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Eskom Holdings SOC Ltd said it will give the transmission unit that it’s transforming into a separate entity a R39.9 billion ($2.6 billion) loan to make sure it can complete …
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On Wednesday June 8, UBA said it had redeemed its debut $500 million five-year Eurobond notes which matured. Note that UBA bank repurchased $310.9 million of the notes in 2021 …
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BusinessINVESTMENTSouth Africa
Jumbo Steel Mill in a multi million dollar investment with New Kisumu Plant
Kisumu, A local steel manufacturer, Jumbo Steel Mill, has invested Sh2 billion in a new mattress and polyvinyl chloride (PVC) water tank factory in Kisumu. The plant which sits on …
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Banking, Finance & InvestmentEconomyINVESTMENTWestern Africa
IMF predicts; Nigerian will spend 100% of revenue servicing debt by 2026
The IMF (International Monetary Funds) has warned that debt servicing may gulp 100 per cent of the Federal Government’s revenue by 2026 if the government fails to implement adequate measures …
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BusinessEnergyINVESTMENTOil & GasSouth Africa
Karpowership queries SA government over project delays
According to Karpowership, the world’s biggest supplier of floating gas-fired power plants, some South African government agencies have proved difficult to walk with, stalling its projects, creating an inconducive and …
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AfricaBanking, Finance & InvestmentINVESTMENT
How the Monetary Policy Committee Increased Rates of 1.5% can affects your money
The Monetary Policy Committee increased rates in a meeting by unanimously voting to raise the MPR (Monetary Policy Rates) by 150bps to 13.00% in its 3rd meeting of the year. …