21 January 2025
- While households bear the brunt of expensive housing in many African countries, the ripple effects are typically extensive, having considerable influence on the overall economy.
21 January 2025
- Virtual assets, including cryptocurrencies, have become an increasingly popular form of investment and a tool for facilitating fast, borderless transactions.
21 January 2025
- Countries like Niger, Burundi, and Chad have maintained low unemployment rates, thanks to policies that prioritize key sectors like agriculture and tourism, foster entrepreneurship, and support the informal economy, which provides livelihoods for…
21 January 2025
- County government facilities face the greatest compliance challenges, with only 536 out of 1,366 facilities fully e-contracted leaving 830 out.
21 January 2025
- Cabinet Secretary for Tourism and Wildlife, Rebecca Miano, flagged off a delegation of 20 students and educators to represent Kenya in the Middle East and Africa Future Leaders Challenge 2025 in Dubai.
21 January 2025
- In Kenya, cooperatives have evolved from rural and sector-specific entities into full-fledged savings and investment schemes open to all citizens.
21 January 2025
- President Donald Trump's recent executive order has sparked concerns about the potential impact on African countries that heavily rely on U.S. humanitarian aid.
21 January 2025
- JAN 21 – Stock markets in Asia made modest gains on Tuesday after President Donald Trump said he is thinking of imposing new tariffs on Mexico, Canada and China. Shares were flat to a little higher after Trump pledged in his inaugural address to…
21 January 2025
- NAIROBI, Kenya, Jan 21 – HF Group’s rights issue received an oversubscription of 38.32 percent amid investors high demand. The financial solutions provider, which held a bell-ringing ceremony today in Nairobi, targeted to raise an additional…
21 January 2025
- Neither Carbacid nor BOC has approached the CMA for authorisation to continue with the transaction, suggesting that they are still mulling whether to proceed.
21 January 2025
- Zambia’s economic recovery now hinges on the performance of its mining sector, following severe droughts that hindered economic growth.
21 January 2025
- Following the presidential inauguration of newly-elected Donald Trump in the United States yesterday, SARB Governor Lesetja Kganyago told media in Davos today that the measures that Trump plans to take could lead to the “fragmentation of the global…
21 January 2025
- Businesses owned by youth, women and persons with disabilities (PWDs) took up tenders worth Ksh.4.15 billion from Kenya Power during the 2023/24 financial year, the utility said on Tuesday.
21 January 2025
- African sovereign wealth funds (SWFs) continue to play a critical role in shaping the continent's economic landscape, as nations seek ways to diversify their economies.
21 January 2025
- NAIROBI, Kenya, Jan 21 – Safaricom’s Ziidi Money Market Fund (MMF) has achieved Sh2.85 billion in assets under management just a month after its launch, with over 450,000 users onboarded. Ziidi MMF is a unit trust product allowing customers to earn…
21 January 2025
- SINGAPORE, Jan. 21 (Xinhua) — Singapore has introduced stricter measures to regulate screen use among children in schools and preschools as part of a broader multi-ministry health initiative launched on Tuesday. From Feb. 1, preschools will enforce…
21 January 2025
- By Branton Sammy Mutea JAN 21 – The recent amendments to Kenya’s business laws mark a watershed moment for borrowers and asset financiers, offering clarity and regulation in a sector that has long operated in legal limbo. For years, asset financiers…
21 January 2025
- As the calendar rolls to 2025, several African countries are confronted with the long-term ramifications of borrowing from the International Monetary Fund (IMF).
21 January 2025
- NAIROBI, Kenya, Jan 21 – Cold Solutions Kenya has achieved LEED Gold certification from the U.S. Green Building Council, becoming the first multipurpose temperature-controlled warehouse in Africa to receive this recognition. The accolade…
21 January 2025
- In Nigeria, the combined wealth of just four billionaires ($23.7 billion) is so vast it could easily cover the whole of Lagos city in 500 naira notes,
21 January 2025
- NAIROBI, Kenya, Jan 21 – Adili Group has entered the Rwandan market with the launch of Adili Rwanda, solidifying its role as a leading provider of corporate services in East Africa. Leveraging over 150 years of expertise in regulatory compliance,…
21 January 2025
- Nigeria has moved to strengthen its mining sector by seeking financial and technical support from France to improve geological data exploration.
21 January 2025
- Standfirst: Africa will be the stage for FIFA World Cup matches for only the second time in the 100-year history of football’s greatest show when Morocco co-host the 2030 tournament with Spain and Portugal. It follows South Africa’s successful…
21 January 2025
- JAN 21 – President Trump has signed an executive order granting TikTok a 75-day extension to comply with a law that requires a sale or ban of the platform. He says during that time, the US will not enforce the law passed by Congress last year and…
21 January 2025
- NAIROBI, Kenya, Jan 21 – Kenya Power has awarded tenders worth Sh4.15 billion to businesses owned by youth, women, and persons with disabilities (PWDs) during the financial year 2023/2024, surpassing the initial target of Sh3.2 billion. Youths took…
21 January 2025
- The private sector lending by commercial banks in Kenya dropped by 1.1% in the year to November 2024, marking the first annual contraction since 2002, as high interest rates and a strengthening shilling curtailed credit growth.
21 January 2025
- Navigating cross-border trade within the East African Community (EAC) requires a keen understanding of customs procedures, and one crucial aspect often overlooked is the timely cancellation of customs bonds. Failure to proactively manage this…
21 January 2025
- By Alex Kanyi and Lena Onyango, Jan 21 – There can be no doubt that redeemable preference shares have fast become a key instrument for businesses seeking to raise capital. How can businesses say no when the dual benefits of financing flexibility and…
21 January 2025
- SYDNEY, Jan. 21 (Xinhua) — A protein found in the blood of Australian oysters could help in the fight against antibiotic-resistant superbugs, a research has found. In a new study published on Tuesday, a team from Australia’s Southern Cross…
21 January 2025
- NAIROBI, Jan. 21 (Xinhua) — The National Treasury of Kenya said on Monday that the recent downgrade of the country’s credit rating has significantly impacted its ability to borrow commercial loans from various credit sources. “Rating downgrades lead…
21 January 2025
- TOKYO, Jan. 21 (Xinhua) — Japan’s Financial Services Agency plans to issue business improvement orders to Toyota Mobility Tokyo, a subsidiary of Toyota Motor Corporation, and leading used car dealer Goodspeed, local media reported Tuesday. The move…
21 January 2025
- In a significant boost to agricultural research and innovation in Sub-Saharan Africa, the CIMMYT led the inauguration of the KALRO-CIMMYT Crops Research Facility at the Kiboko Research Station.
21 January 2025
- Topline Big-name billionaires worth a collective $1.2 trillion—including four of the five richest men in the world—attended the inauguration of President Donald Trump Monday morning as many looked to strengthen their relationship with the pro-…
20 January 2025
- DOHA, Jan. 20 (Xinhua) — Qatar initiated a land bridge to supply the Gaza Strip with 12.5 million liters of fuel during the first 10 days of the ceasefire agreement, the Ministry of Foreign Affairs said in a statement Monday. A total of 25 trucks…
20 January 2025
- NAIROBI, Kenya,Jan 20 – The Retail Trade Association of Kenya (RETRAK) has condemned the unannounced removal of shop signage in Nairobi’s Central Business District (CBD), accusing the Nairobi County Government of disregarding the interests of…
20 January 2025
- Algeria had the highest life expectancy at birth in Africa as of 2023, . A newborn infant was expected to live over 77 years in the country. Cabo Verde, Tunisia, and Mauritius followed, with a life expectancy between 77 and 75 years.
20 January 2025
- Major players in Nigeria’s oil industry, NMDPRA, NNPCL, and other marketers are facing legal action as Dangote refinery resumes its bid to halt refined petroleum imports into the country.