Ethiopia has secured a $1 billion funding package from the World Bank to support its ongoing economic reform programme and boost economic growth, the country’s Ministry of Finance announced on …
ECP Kenya Limited, a Nairobi-based investment firm affiliated with Washington-headquartered Emerging Capital Partners (ECP), has filed for voluntary liquidation, officially ending its operations in Kenya. The company, once famous for …
UAP Insurance South Sudan, a subsidiary of UAP Old Mutual Holdings, has officially withdrawn from the South Sudan insurance market, marking the end of its 19-year operations in the country. …
The Competition Authority of Kenya (CAK) has launched a major investigation into several multinational companies operating in the country’s shipping and logistics sector, following complaints by local industry groups. The …
Kenya is now among the African countries most affected by foreign aid cuts under the government of former United States President Donald Trump. A new study by the Center for …
One of Nigeria’s biggest financial institutions, Zenith Bank Plc, has started discussions to buy a mid-level Kenyan bank, as part of its expansion strategy into East Africa. This planned move, …
East African countries are gradually shifting their foreign exchange (FX) reserve strategies by adding more gold, a move aimed at reducing dependence on the U.S. dollar and protecting their economies …
Olympia Capital Holdings Limited has announced a net profit of KSh 17.6 million for the financial year ended 28 February 2025, reflecting a 50 percent decline from the KSh 35.2 …
The United Nations World Food Programme (WFP) has issued a stark warning that food assistance for Sudanese refugees in four neighbouring countries could be completely suspended within the next two …
Kenya’s plan to build its first nuclear power plant has taken a new direction as the government shifts focus from Kilifi County to Siaya County, following strong opposition from residents …