Remittances from Morocco’s diaspora reached MAD 47.04 billion, or $4.56 billion during the first half of 2022. According to new data from Morocco’s Foreign Exchange Office, the number represents an increase …
Economy
- AfricaBusinessEconomyINVESTMENTNewsNorthern Africa
China blocked imports of citrus, fish and other foods from Taiwan in retaliation for a visit by a top American lawmaker, Nancy Pelosi, but has avoided disrupting one of the …
The purchasing power of Sh1,000 has fallen by nearly half in the past 10 years of President Uhuru Kenyatta’s administration, hitting household budgets hard due to slower growth in wages. …
- Eastern AfricaEconomySafaricomTechnology
Safaricom Set To Revamp Corporate Structure to Spur Expansion
Safaricom Plc, the Kenyan mobile-phone company that counts Vodafone Group Plc as its biggest investor, plans to revamp its corporate structure in the next two years to make it easier to expand …
The Kenya Association of Manufacturers (KAM) has urged the government to put in place measures that will enable the country to enjoy full benefits from Africa Continental Free Trade Area …
- BusinessEastern AfricaEconomySanlamUncategorized
Sanlam Kenya narrows half year net loss to Sh287m on lower taxes
Insurance firm Sanlam Kenya narrowed its net loss to Sh287.7 million in the half year ended June on the back of a lower tax bill and reduced expenses. The company …
Sugar miller Nzoia Sugary Company is expected to resume production this Sunday after President Uhuru Kenyatta announced a Sh500 million bailout that will help the firm pay arrears that it …
Trade between Morocco and Israel saw an increase of 1% in the first half of 2022 compared to the same period last year. New data from the Abraham Accords Peace …
- Banking, Finance & InvestmentEastern AfricaEconomy
4G Capital Inks Deal with Mambu to Empower Entrepreneurs in Africa
4G Capital, an award-winning neobank powering micro and small business growth in Africa, announced their go-live on Mambu‘s leading cloud banking platform. 4G Capital provides unsecured business loans along with enterprise training …
- Banking, Finance & InvestmentEastern AfricaEconomy
KCB Announced Plans To Acquire A Majority Stake In DRC-based TMB Bank
KCB Group has announced plans to acquire a majority stake in a DRC-based TMB Bank marking its entry into the country with a population of over 93 million people. The …