African economy news and analysis: GDP, inflation, interest rates, currencies, trade and the policies driving growth across the continent.
The billionaire owner of 680 Hotel in Nairobi’s city centre has sold the three star-facility to Machakos-based Maanzoni lodges for an estimated Sh1.2 billion, underlining the deal-making in Kenya’s hospitality …
Mathira MP and UDA’s deputy presidential candidate Rigathi Gachagua has lost Sh202 million to the State after the High Court ruled that the money held in four accounts at Rafiki …
Airtel Africa plc, a multinational company that provides telecommunications and mobile money services in 14 countries in Africa reported its earnings for the quarter ended 30 June 2022. Revenue for …
Acorn Investment Management on Thursday announced half-year 2022 results of the Acorn Student Accommodation Development REIT (ASA D-REIT) and the Acorn Student Accommodation Income REIT (ASA I-REIT). The listed REITs together …
East African Breweries PLC (EABL) has reported Sh15.6billion in net profit for the full year ended 30 June 2022, a 124 per cent growth compared to Sh6.9billion posted in the …
The mega jackpots paid to punters in Kenya have been flagged as possible avenues for laundering proceeds of theft, drug dealings and terrorism as the State heightens focus on the …
Turkish manufacturing conglomerate which is putting up an investment project at the Naivasha Special Economic Zone commissioned by the President on Tuesday, is set to create about 2,900 jobs locally. …
The International Monetary Fund (IMF) cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy …
Foreign investor outflows at the Nairobi Securities Exchange surged more than six times to Sh10.8 billion in the quarter ended June 2022, as the foreigners sought safer investment destinations amid …
Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand. The …
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