The World Bank has revised its economic growth forecast for Kenya down to 4.5% for 2025, cutting half a percentage point from its earlier projection. The global lender cited rising …
Safaricom, the Nairobi-based telecoms and digital services provider, has made history as the first company in East Africa to surpass $3 billion in annual revenue. The firm’s financial results for …
Tanzania and Malawi have officially ended their trade dispute, agreeing to lift restrictions that had affected the movement of goods between both countries. After holding bilateral talks, the two nations …
The Eastern Africa Grain Council (EAGC) has received a $2 million grant from TradeMark Africa to eliminate trade barriers for exporters in three East African countries. The grant is part …
Equity Group Holdings Limited (EGHL), the Kenya-based financial services provider led by James banker Mwangi, has mobilized about $4.46 billion to support businesses domiciled in two of its most effective …
David Langat, a prominent Kenyan businessman and founder of the DL Group, one of East Africa’s major private conglomerates, has donated a $1-million private primary school in Koilot, located in Nandi …
Gideon Muriuki, CEO of Co-operative Bank of Kenya, purchased 14.6 million shares worth Sh173 million ($1.2 million) in the first half of 2023, boosting his ownership to a two-percent stake in …
San Francisco and Lagos-based fintech giant Flutterwave, led by Nigerian tech billionaire Olugbenga Agboola, has unveiled plans to inject $50 million into Kenya, fueled by mounting confidence in the imminent …
IFC, Authority partnership to birth Ethiopia’s secondary bond market Ethiopia’s bond market is at a turning point as authorities prepare to introduce a new secondary trading platform. This disruption comes …
In Bujumbura, Burundians are reacting to the new 5,000 and 10,000 Burundian franc banknotes recently put into circulation. It comes as they experience difficulty in exchanging their old notes for …