Two of Kenya’s oldest tea producers, Williamson Tea Kenya Plc and its associate Kapchorua Tea Kenya Plc, have reported significant drops in profit for the financial year ending 31 March …
Kenya recorded a significant drop in the number of mergers and acquisitions (M&A) deals in 2024, but the total value of those deals went up sharply, showing a shift in …
Ghana’s Parliament has approved a $2.8 billion debt restructuring agreement with 25 bilateral creditor nations, a major milestone in the country’s efforts to navigate its deepest economic crisis in decades …
The African Development Bank (AfDB) has raised concerns over Nigeria’s ability to achieve sustainable development despite recent bold policy reforms, citing persistent governance failures and institutional weaknesses as major roadblocks. …
The South African rand showed little movement in early trade on Friday, stabilising after sharp declines on Thursday, as political tensions between President Cyril Ramaphosa and the Democratic Alliance (DA)—his …
The Tanzanian National Assembly has approved the Agreement for the Establishment of the Africa Finance Corporation (AFC), a move expected to open doors for long-term investment financing aimed at accelerating …
Stanbic IBTC Holdings Plc has successfully listed 2,944,772,083 additional ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX), following the conclusion of its recently completed rights issue. …
Nigeria, Egypt, and Morocco were the top three African countries that received the highest remittances from their diaspora communities in 2024, according to the newly published State of Africa’s Infrastructure …
The Senior Executive Vice President of the African Export-Import Bank (Afreximbank), Denys Denya, has warned that new threats are emerging against Africa’s development and economic independence, similar to the resistance …
Oando Plc has recorded a profit after tax of ₦113.06 billion in the first quarter of 2025, showing a strong 90.5 percent rise compared to the ₦59.35 billion it posted …