Investors remained cagey ahead of the Supreme Court verdict Monday, with foreigners appearing to have put on hold their activities on the financial markets. Key economic indicators closed Friday — …
Eastern Africa
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BusinessEastern AfricaEducationFinance & Services
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Central AfricaEducationRwandaRwandaRwanda Daily
Rwanda’s First Lady officially inaugurates EZA, Urugwiro ECD centre
Rwanda’s First Lady Jeannette Kagame, on Thursday September 1, officially inaugurated EZA – Urugwiro ECD centre, located in Village Urugwiro in Kacyiru. Jointly established in 2021 by the Office of …
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BusinessEastern AfricaFinance & ServicesINVESTMENT
Naivas founders acquire Sh3.8bn in sale of stake to three firms
The family of Peter Mukuha Kago –the founders of supermarket chain Naivas— has pocketed an estimated $32.29 million (Sh3.8 billion) from the sale of an 8.5 percent stake to a …
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BusinessEastern AfricaEducation
Longhorn Half Year Net Profit Increases To Sh39.9mn On Improved Sales
Longhorn Publishers half-year net profit surged to Sh39.9million from Sh7.4 million in the same period in 2021, a 439 per cent increase attributed to improved sales following the resumption of …
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AirtelBanking, Finance & InvestmentEastern AfricaEconomy
Kenya’s Third GDP is handled by Mobile money agents in six months
One in every three shillings spent by consumers, businesses, and the government in Kenya in the first six months of the year moved through mobile money, cementing the country’s position …
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Eastern AfricaEconomyOil & Gas
Total Energies Kenya H1 Profit Declines by 55pc On High Cost Of Crude Oil and Weak Shilling
Total Energies Kenya has reported a 55 per cent drop in earnings for the half year ended June 30 attributed to the high cost of crude oil globally and a …
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Eastern AfricaEconomyFood ProductionOil & Gas
Food and fuel prices surge as Inflation rate hits 8.5pc in Kenya
Consumers endured the sharpest rise in the cost of living in more than five years in August, amid a failed maize flour subsidy, rising fuel costs and a weakening shilling. …
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Banking, Finance & InvestmentEconomyEthiopia
Central bank of Ethiopia is deliberating on taking bankers’ non-performing loans off balance sheet
The National Bank of Ethiopia (NBE) is deliberating on taking bankers’ non-performing loans (NPL) in Tigray off the banks’ balance sheets. The bank is working with the Ethiopian Bankers Association …
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Eastern AfricaEconomyTransportation & Logisitics
Drivers in Nairobi set to start paying parking fees from Friday
Motorists in Nairobi will from Friday pay parking fees using a new system developed by the county as the local government parts ways with the Kenya Revenue Authority (KRA). Director …
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Britam Holdings has posted a net profit of Sh667.5million for the half-year period ending June 30, a 77 per cent jump from Sh376 million posted in a similar period last …