The German development bank KfW acting on behalf of and for the account of the Federal Republic of Germany has become the latest shareholder in the African...
Aliko Dangote has called on African countries to halt the export of raw materials without value addition and warned that the continent’s long-standing reliance on commodity...
African currencies showed mixed performance in the past week with Nigeria’s naira expected to gain slightly while Ghana’s cedi and Zambia’s kwacha face renewed pressure. Kenya’s...
Kenya is negotiating with China to convert part of its dollar-denominated loans into yuan and extend the repayment period, in a move aimed at reducing annual...
The Central Bank of Kenya (CBK) has extended its longest uninterrupted easing cycle to support economic growth and stimulate private-sector lending. The apex bank announced a...
Elon Musk’s satellite internet provider, Starlink, is experiencing a sharp contraction in Kenya with subscriber figures declining in the first quarter of 2025 as local consumers...
The Central Bank of Kenya (CBK) has reduced its benchmark interest rate by 25 basis points to 9.75% for the sixth consecutive time as the monetary...
Moniepoint Inc. has secured regulatory approval from the Competition Authority of Kenya (CAK) to acquire a 78 percent stake in Sumac Microfinance Bank, a major step...
Kenya’s annual inflation rate eased further in May, declining to 3.8% from 4.1% in April, according to data released by the Kenya National Bureau of Statistics...
Sebastian Sawe of Kenya and Tigst Assefa of Ethiopia delivered commanding performances to win the 2025 London Marathon on Sunday as unseasonably warm temperatures challenged the...