Kenya Commercial Bank (KCB) Group has announced that it made a net profit of KSh16 billion in the first quarter of 2024, which is the same amount the bank made …
Eastern Africa
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesINVESTMENTKenyan NewsNewsTANZANIA
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CMA Approves Sh47 Billion for Talanta Stadium Project Ahead of AFCON 2027
Kenya’s Capital Markets Authority (CMA) has approved a plan to raise Sh47 billion to fund the ongoing construction of the Talanta Sports Stadium in Nairobi. The stadium is one of …
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CongoDevelopmentEconomyInternational RelationsINVESTMENTPoliciesRwandaRWANDARwandaRwanda Daily
US-Backed Deal May Allow Congo Minerals to Be Legally Processed in Rwanda Amid Peace Talks
Efforts to resolve the conflict between the Democratic Republic of Congo (DRC) and Rwanda may soon see Congolese minerals such as tungsten, tantalum, and tin legally exported to Rwanda for …
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AfricaBusinessBusiness InsightsDevelopmentEconomyEthiopiaINVESTMENTKenyaNigeriaNorth AfricaReal EstateSouth AfricaTravel & TourismWestern Africa
Nigeria Ranks Third in Africa for Hotel Development with 48 New Projects in the Pipeline
Nigeria has emerged as the third most active country in Africa for hotel development, with 48 hotel projects and 7,320 rooms currently in the pipeline, according to the 2025 Hotel …
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DevelopmentEastern AfricaEducationNigeriaSouth AfricaWestern Africa
Bet9ja Foundation Completes 206 Projects Across 33 States, Impacts 180 Communities in Two Years
The Bet9ja Foundation says it has completed 206 humanitarian projects across 33 states and the Federal Capital Territory (FCT) in less than two years of its operation in Nigeria, impacting …
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AgricultureBusinessEastern AfricaInnovationKenyaMarketsTANZANIATechnology
Digital Tools Boost Farming in East Africa as EAF Expands Beyond Tanzania
Technology is changing how farming is done in East Africa, and one company that is taking the lead is East Africa Foods (EAF). The company was started in Tanzania by …
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AfricaAirtelBusinessBusiness InsightsCentral AfricaEastern AfricaFinance & ServicesFintechNigeriaTechnologyTelecommunicationsWestern Africa
Airtel Africa Targets Fintech Leadership with 2026 Airtel Money IPO
Airtel Africa is gearing up to challenge the dominance of African fintech giants with a planned initial public offering (IPO) for its mobile money arm, Airtel Money, set for the …
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Eastern AfricaEconomyFinance & ServicesGOVERNMENTInternational RelationsKenyaPolicies
Kenya Moves to Cut Budget Deficit, Eyes Fresh IMF Talks Amid Economic Pressure
The Kenyan government has announced that it will reduce its fiscal deficit to 4.5 percent of its Gross Domestic Product (GDP) for the 2025/2026 financial year. This is a step …
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BusinessDigital EconomyEastern AfricaEthiopiaFinance & ServicesINVESTMENTKenyaKenya NewsSafaricomTelecommunications
Safaricom Makes History with Over $3 Billion Revenue, Eyes Bigger Growth in Ethiopia
Safaricom, the Nairobi-based telecoms and digital services provider, has made history as the first company in East Africa to surpass $3 billion in annual revenue. The firm’s financial results for …
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AgricultureBusinessEastern AfricaEconomyGOVERNMENTInternational RelationsMALAWINewsSouth AfricaTANZANIATrade and Commerce
Tanzania and Malawi End Trade War, Agree to Lift Restrictions and Implement Regional Trade Deal
Tanzania and Malawi have officially ended their trade dispute, agreeing to lift restrictions that had affected the movement of goods between both countries. After holding bilateral talks, the two nations …