- The government of Tanzania has announced that it is now ready to allow investment in 5G network trials, seeking to further develop its digital economy.
- The Kenya Medical Supplies Authority (KEMSA) Board has appointed Ms Terry Ramadhani Kiunge as the new substantive Chief Executive Officer with immediate effect.
- The weekly Mombasa Tea Auction held on 16th, 17th, and 18th May 2022 had 12.5 million kilograms of tea offered for sale. The amount on offer decreased from
- Postal Corporation of Kenya (PCK) and Somaliland Postal Services have signed a memo to enable the two to co-operate in knowledge exchange and international
- Safaricom Investment Cooperative has issued more than 150 title deeds to buyers in its Nanyuki land project, paving the way for them to begin constructing
- Stanbic Holdings Plc has notified shareholders that Ruth Theddesia Ngobi retired as Director from the Board during the firm's shareholders meeting held on
- The CBK received bids worth KSh 27.9 billion at the weekly treasury bills auction, an oversubscription of 116.30%, with the state fiscal agent accepting KSh
- Mastercard and fintech firm OPay have announced a strategic partnership which will open up digital commerce to millions of people across Middle East and Africa.
- South Africa’s central bank raised its benchmark interest rate by the biggest margin in more than six years and signalled even higher borrowing costs are
- Indonesia, the world’s biggest shipper of edible oils, lifted a ban on palm oil exports a move that will bring relief to the global market after the war in
- Egypt raised interest rates for the second time since March, seeking to tackle soaring inflation and restore the allure of its local debt with foreign
- France has committed to invest up to $4.2 billion in Tanzania over the next five years, as the former seeks to position itself as the very first European
- Madison Life Assurance Kenya Limited has announced plans to sell properties valued at KSh8 billion and quit the annuity business, seeking to restructure its
- The Tanzania government is seeking more than $81 million from donors to conduct a national population and housing census scheduled for August this year.
- The NSE Daily Equity Turnover declined marginally to KSh 317m from the previous sessions KSh 327m; the number of shares traded stood at 12m against 14m posted
- Victory Farms, Kenyan aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new
- Data published by the Central Bank of Kenya (CBK) revealed total claims on the private sector to commercial banks had increased to Sh3.26 trillion in March
- A podcast interview with Safaricom CEO Peter Ndegwa on 2022 earnings, Ethiopia expansion, M-Pesa and the future from partnerships, mergers and acquisitions.
- The price of wheat jumped on international markets after India banned the export of the staple cereal saying it has stopped the exports of its wheat to
- Rwanda has unveiled an additional $150 million in funding for businesses to stimulate growth and mitigate the prolonged impact of the coronavirus pandemic on
- Liquid Telecommunications Kenya Limited has received financing worth $ 220 million from British International Investment(BII), UK's development finance
- The automotive technology company facilitating auto financing across Africa, Autochek has acquired Morocco’s KIFAL Auto for an undisclosed amount. This marks
- Kenyan fintech startup FlexPay has raised an undisclosed amount of funding from the Cairo Angels Syndicate Fund (CASF), seeking to further its growth and help
- Car&General(Kenya) Limited Plc Net Profit for the first six months of the financial year ended March 2022 reached KSh 629 million from KSh 461 million in
- The Nairobi Securities Exchange(NSE) increased market turnover to KSh 327 million from the previous KSh 184 million. At the same time, the number of shares
- Public debt stock in Kenya grew to KSh 8.4 trillion as of the end of March from KSh 8.2 trillion in December; this is according to new data from the National
- Ethiopia’s Ministry of Finance, the Ethiopian Investment Holdings and FSD Africa on Wednesday signed a cooperation agreement to establish the Ethiopian
- StanChart Kenya recorded a Net Profit of KSh 2.8 billion at the end of March this year, compared to KSh 2.4 billion over a similar period last year, an
- UK's inflation soared to a 40-year high of 9% in April as food and energy prices spiralled, official figures revealed Wednesday, escalating the country’s
- British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small
- Kenya Power and Lighting Company PLC, has appointed Eng. Geoffrey Wasua Muli as the Acting Managing Director with effect from 17th May 2022 in the place
- Equity Group invested an additional KSh383 million in its Democratic Republic of Congo (DRC) subsidiary last year, underlining its confidence in that market
- Dubai’s Emirates Airline has posted an annual loss of $1.1 billion in full year 2021 (April 2021 to March 2022), down from a $5.5 billion loss in the previous year.
- TotalEnergies has awarded the a contract for the main logistics contractor (MCL) services for the East African Crude Oil Pipeline (Eacop) project, to French multinational, Bollore Logistics.
- Healthcare startup, CarePoint has raised $10 million series B bridge round to accelerate its growth across Africa, and brings the total funding raised by