Access Bank has brokered a deal with the investment firm Centum Investment Plc to procure the 83.4 per cent interest the latter holds in Nairobi based lender Sidian Bank making …
Kenya’s inflation rose to a new two-year record of 7.1 per cent in May as the cost of food and beverages continues to rise sharply partly affected by the war …
Central bank of Kenya unexpectedly raised its key interest rate for the first time in almost seven years to anchor inflation expectations as concerns about commodity prices build. The monetary …
Ethiopia and the World Bank have signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas, the finance ministry said. Fighting that erupted …
On Thursday, Arc Minerals said that Anglo American will take majority control of its Zambia copper cobalt exploration licenses. It marks the first new investment by Anglo in Zambia in …
CEO Fenty beauty, Robyn Rihanna Fenty has announced that her Fenty Beauty and Fenty Skin products will become available in eight African countries from the end of this month. In …
Bank of Uganda has not banned cryptocurrencies but has concerns about the risk from the technology, uganda’s central bank is currently doing preliminary studies on whether or not a central …
Somalia’s government has asked the International Monetary Fund (IMF) to extend its financial support by three months to Aug. 17, the head of the IMF’s country mission told Reuters. The …
Rwandan President Paul Kagame suspended his minister for youth and culture, the authorities have said. Edouard Bamporiki’s suspension was as a result of “matters of accountability under investigations”, a statement from the …
The Somali parliament announced Thursday that the long-awaited presidential election will finally take place on May 15 and that 329 lawmakers from both houses, 54 from the Senate or Upper …
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