CRDB Bank Plc has officially launched a new Islamic finance product, the Al Barakah Sukuk, in a move set to boost ethical investments and promote financial inclusion in Tanzania and …
AfricaAfrican PoliticsFinanceINVESTMENT
Category:
Finance
-
-
AfricaCentral BankingDigital EconomyEconomyFinanceGlobal NewsInflationUGANDA
Bank of Uganda Maintains Key Lending Rate at 9.75% Over Inflation and Global Economic Concerns
Uganda’s central bank has decided to keep its main lending rate unchanged at 9.75 per cent for the fourth time in a row, as the country continues to monitor global …
-
China-Africa RelationsCurrencyEconomyFinanceFinancial InclusionMarkets
Chinese Yuan Weakens to 7.1405 Against US Dollar
The central parity rate of the Chinese currency, the renminbi (yuan), fell slightly on Monday, weakening by 23 pips to 7.1405 against the United States dollar. The China Foreign Exchange …
-
BusinessDevelopmentEconomyFinanceInfrastructurePolitics
World Bank approves N12.88tn loans to Nigeria in two years
The World Bank has approved a total of $8.40bn (about N12.89tn) in fresh loans to Nigeria within the last two years. The new approvals, which span from June 2023 to …
-
BankingBusinessDevelopmentEconomyEntrepreneurshipFinanceNigeriaReal EstateStartups
HQ, The Alternative Bank Partner to Provide Affordable Office Spaces for Startups Nationwide
HQ, a subsidiary of International Workplace Group (IWG), has partnered with The Alternative Bank to make modern and affordable office spaces available to startups and small businesses across Nigeria. The …
-
AFRICA NEWSBusinessEducationFinancePartnershipsTechnologyUGANDA
Airtel, Partners Unveil School Fees Savings in Uganda
Airtel Money Uganda, the country’s biggest mobile money service, has teamed up with SchoolPay and Sanlam Investments to launch SchoolPay Savings—a new financial product aimed at helping parents save gradually …
-
Speculation is growing over how much central government workers in India could earn once the 8th Pay Commission takes effect, even though the commission has not yet been officially set …
-
Banking, Finance & InvestmentEconomyFinanceKenya
Kenya’s Banking Giants Post Strong Half-Year Results, Boost Investor Confidence
Kenya’s banking sector has delivered a solid set of half-year 2025 results, with leading lenders reporting steady profit growth, generous interim dividends, and continued strategic expansion in high-demand sectors such …
-
BusinessEastern AfricaEconomyFinanceTelecommunications
MTN Uganda Records Strong Revenue Growth in H1 2025 Despite Profit Dip from Tax Settlement
MTN Uganda has announced a strong financial performance in the first half of 2025, showing double-digit growth in revenue despite a dip in profit due to a significant one-off tax …
-
AfricaCentral BankingCurrencyEconomyFinanceMining
Africa’s Central Banks Boost Gold Holdings for Stability
Central banks across sub-Saharan Africa are ramping up gold purchases in a bid to protect their economies from global financial instability and rising geopolitical tensions. Ghana is leading this shift, …