Economy

Sanlam Maroc, an insurance company that recently rebranded from its original name “Saham,” has indicated that it saw an 8.3% annual increase in turnover at the end of the first …

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. …

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 …

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 …

Kenya Power has locked out banks and third-party vendors from selling tokens for pre-paid customers over increasing complaints on delays and cases of billing fraud. The State-owned power utility on Tuesday …

China Airlines has announced plans to buy 16 of Boeing’s 787 Dreamliner wide-body planes. The deal is valued at $4.6 billion, with deliveries expected to begin from 2025. China Airlines …

The Competition Authority of Kenya(CAK) has approved the conversion of loans advanced by three foreign firms to internet and pay TV provider, Wananchi Group into equity shares. The companies, Triple …

Marsa Maroc, the national operator of Moroccan ports, reported a turnover of MAD 1.9 billion ($179.5) at the end of the first half of 2022, marking a 14% increase from …

Egypt is looking forward to issuing bonds in Chinese yuan – Panda worth more than $500 million, Minister of Finance, Mohamed Maait, stated Monday. On the sidelines of a conference …

Kenyan founded Pan-African embedded finance Fintech Pezesha has raised a pre-series A funding round of $11 Million in a mix of $6 million equity and $5 million debt. The round …