The Nigerian naira recorded a slight appreciation against the United States dollar on Thursday at the official foreign exchange market, as the country’s external reserves rose to a four-year high …
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Kenya Land Dispute Shakes Tea Industry, Raises New Fears for Foreign Investment
A serious land dispute is currently shaking Kenya’s tea industry, as tension rises between local communities and foreign-owned tea estates in Nandi County. At the heart of the crisis is …
- EconomyFinance & ServicesINVESTMENTINVESTMENT
Nigeria’s Eurobond Market Faces Pressure Amidst U.S. Fed’s Steady Rates
The yields on Nigerian Eurobonds experienced an uptick last week as foreign investors adjusted their portfolios in response to the U.S. Federal Reserve’s decision to maintain its current interest rates. …
Retail-tech start-up Wasoko is not planning to relocate its headquarters from Nairobi for Zanzibar. The firm was responding to allegations that it was planning to move its operations to the …
- BusinessEastern AfricaINVESTMENTSafaricom
Safaricom value dips under Sh1trn on foreign investors after US rate hikes
The value of Safaricom at the Nairobi bourse has dipped below the Sh1 trillion mark on foreign investors’ flight in the wake of rate hikes in the US. The telco …