The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has officially commissioned Nigeria’s first Liquefied to Compressed Natural Gas (LCNG) hub in Yola, Adamawa State. The project, developed by …
Eastern Africa
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BusinessEastern AfricaEnergyEnvironmentGOVERNMENTInfrastructureNigeriaWestern Africa
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BusinessEastern AfricaEconomyFinance & ServicesINVESTMENTMarketsTANZANIA
Dar es Salaam Stock Exchange Introduces New Rules to Attract More Foreign Investors
The Dar es Salaam Stock Exchange (DSE) in Tanzania has started a set of new reforms to make the market more attractive to foreign investors, improve transparency, and bring the …
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AfricaEastern AfricaFinance & ServicesFintechKenyaKenya NewsMarkets
Kenya Clears Moniepoint’s Acquisition of Sumac Microfinance Bank
The Competition Authority of Kenya (CAK) has approved a planned acquisition by U.S.-based fintech company, Moniepoint Inc., which aims to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. …
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AfricaBusinessDevelopmentEastern AfricaEconomyEnergyInfrastructureINVESTMENTKenyaSouth AfricaTANZANIATransportation & LogisiticsUGANDAZAMBIA
TransCentury Returns to Profitability After Major Turnaround Strategy
TransCentury Plc, an infrastructure investment company based in Nairobi, Kenya, has returned to profit after facing financial challenges for several years. The company, which is listed on the Nairobi Securities …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesGOVERNMENTKenyaKenyan News
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Over Debt, Lending Rates and Private Sector Struggles
The World Bank has revised its economic growth forecast for Kenya down to 4.5% for 2025, cutting half a percentage point from its earlier projection. The global lender cited rising …
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AgricultureDevelopmentEastern AfricaFinance & ServicesRwanda
Access to Finance Rwanda Staff Visit Rukumberi Genocide Memorial, Donate Cows to Survivors
Access to Finance Rwanda (AFR) has honoured victims of the 1994 Genocide against the Tutsi during a memorial event held at Rukumberi in Ngoma District, Eastern Rwanda. The organisation also …
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AfricaEastern AfricaEconomyPoliticsRwandaTechnologyTrade and Commerce
Kalinda, Iradukunda Urge African Youth to Embrace Regional Trade and Break Colonial Borders
Senate President François-Xavier Kalinda has called on African youth to take full advantage of the growing regional trade opportunities across the continent, urging them to break free from colonial-era thinking …
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Banking, Finance & InvestmentBusiness and EconomyEastern AfricaEconomyEnergyHealthcareTransportation & Logisitics
Uganda Signs $800 Million Deal with Islamic Development Bank for Key Infrastructure Projects
Uganda has secured a $800 million financing agreement with the Islamic Development Bank (IsDB) to fund major infrastructure projects aimed at boosting trade and development across the country. The deal …
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BusinessBusiness InsightsEastern AfricaEconomyEnergyNigeriaNorth AfricaOil & GasSouth AfricaTransportation & LogisiticsWestern Africa
Petrol Price Rises 76.73% in One Year, Now N1,239/Litre – NBS
The average pump price of Premium Motor Spirit (PMS), also known as petrol, jumped by 76.73 per cent year-on-year in April 2025, reaching N1,239.33 per litre, according to data released …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesINVESTMENTKenyaNews
Standard Chartered Kenya Posts KSh20 Billion Profit Despite Drop in Assets
Standard Chartered Bank Kenya has reported a net profit of KSh20 billion for the 2024 financial year, showing a 45 percent increase compared to the KSh13.8 billion it made in …