27 March 2025
- The Micro Small Enterprise Authority (MSEA) has formalized a strategic partnership with key industry players to enhance cold storage facilities in Meru, Kisii, and Nyandarua counties, which will benefit small-scale farmers.
27 March 2025
- Zambia’s economy outperformed expectations last year, surpassing growth forecasts from both the government and the International Monetary Fund (IMF), driven by a sharp rise in fourth-quarter output.
27 March 2025
- Vilanculos is Mozambique’s untouched gem with its benevolent sun, sand, surf – and horses, as this writer discovered. The photographs in the brochure show poised, slender women sitting atop horses in the ocean. Why then am I struggling to get a foot…
27 March 2025
- Topline Federal investigators are investigating claims suggesting Pfizer delayed announcing test results of its Covid vaccine until after the 2020 presidential election, the Wall Street Journal reported, bolstering a claim by President Donald Trump,…
27 March 2025
- NAIROBI, Kenya, Mar 27 – DIB Bank Kenya (DIBBK), a subsidiary of Dubai Islamic Bank PJSC, has reported a net profit of Sh103.4 million for the year ending December 31, 2024, a turnaround from a Sh256 million loss in 2023. The bank attributed this…
27 March 2025
- Tanzania has introduced new protectionist tariffs on Kenyan goods such as eggs, dairy, meat, and confectionery, disrupting the East African Community (EAC) Customs Union’s rules and causing a Ksh4.2 billion drop in Kenya’s export earnings to Tanzania.
27 March 2025
- About six months after my confirmation, I got this intense urge to live larger. I mean, I have a secure job now, and I cannot keep living in this small house. Still using the second-hand sofa set I had gotten as a bachelor. I need an upgrade! I…
27 March 2025
- On January 20, 2025, shortly after his inauguration, Donald Trump halted funding from USAID, a key source of aid for Africa. Considering the United States is one of the world’s largest aid providers, this decision raises critical questions about the…
27 March 2025
- Piloted in December 2024, the Ziidi MMF has already achieved remarkable success, pooling over Ksh2.85 billion in assets under management from more than 450,000 customers. This success is attributed to strategic partnerships with Standard Investment…
27 March 2025
- If you are approaching retirement or have recently retired, it's crucial to make wise investment choices to ensure financial stability and a comfortable lifestyle. A smart strategy involves striking a balance between protecting your principal and…
27 March 2025
- Four African countries are teetering on the brink of default as mounting debt burdens, rising interest rates, and declining revenues strain national budgets.
27 March 2025
- February 2025’s MMF performance, reflect the ongoing economic shifts. The average daily effective rate declined to 11.93% per annum, down from 12.19% in January. This downward trend mirrors falling Treasury Bill (T-bill) rates, which directly impact…
27 March 2025
- President William Ruto has made changes in the positions of Principal Secretaries, ushering in 14 new entrants into his government. In other changes, Prof Edwin Kisiangani, who serves in the ICT Ministry, has been dropped as PS and will now serve as a…
27 March 2025
- The Sacco sector has faced a historical crisis in the aftermath of the insolvency that has hit KUSCCO on account of massive fraud. An audit by PwC detailed how top officials at the body engaged in unethical financial practices that put many Saccos the…
27 March 2025
- NAIROBI, Kenya, Mar 27 – Acorn Investment Management Limited (AIML) reported a Sh1.4 billion net profit for 2024 across its Acorn Student Accommodation Development REIT (ASA D-REIT) and Income REIT (ASA I-REIT), nearly 200 percent growth from Sh467…
27 March 2025
- NAIROBI, Kenya, Mar 27 – Equity Group has posted a profit after tax growth of 12 percent to Sh48.8 billion for the full year ending December 31, 2024, boosted by gains earned from regional subsidiaries as well as business diversification. The Kenyan…
27 March 2025
- MAR 27 – British Steel is launching a consultation that could see the closure of its two blast furnaces at Scunthorpe, putting between 2,000 and 2,700 jobs at risk. The company said the blast furnaces were “no longer financially sustainable” due to…
27 March 2025
- A new report from the CBK shows that December 2024 recorded the slowest growth in money circulation since 2001, rising by only 0.58%. The slow growth in cash flow comes at a time when many Kenyans are feeling the squeeze of a high cost of living and…
27 March 2025
- NAIROBI, Kenya Mar 27 – Various travel agency stakeholders have been challenged to embrace greater collaboration including Public-Private Partnerships (PPP) to strengthen Kenya’s travel payment ecosystem particularly in the digital payment space.…
27 March 2025
- By Mercy Mwelu MAR 27 – Kenyan women are increasingly taking charge of their financial destinies. The shift from informal savings to structured investments signals a new era of financial independence and economic empowerment. While the road ahead…
27 March 2025
- NAIROBI, Kenya, Mar 27 – Kenya’s healthcare sector has receive a boost after the government secured a Sh1.8 billion grant from China to upgrade key hospitals nationwide. Treasury Cabinet Secretary John Mbadi and the Ambassador of the People’s Republic…
27 March 2025
- After more than two decades of dormancy, the Port Harcourt refinery has successfully completed 180 days of uninterrupted operation, marking a crucial milestone in Nigeria’s push to revive its domestic refining capacity.
27 March 2025
- While Russia remains a far smaller economic partner to Africa than Western countries or China, its interests with the continent, as is with other global superpowers are deeply rooted in vital areas such as weaponry, mining, and energy (including…
27 March 2025
- Kenya has officially recognized Kosovo as an independent state, marking the first such recognition in nearly five years amid stalled efforts for broader international acceptance.
27 March 2025
- For the first time in over a year, Zambia records an inflation decline, presenting the Southern African country with some much-needed economic relief.
27 March 2025
- The United States has expressed concern over the escalating political crisis in South Sudan following the arrest of the nation’s First Vice President, Riek Machar.
27 March 2025
- TOKYO, March 27 (Xinhua) — Japan’s automobile production will decrease by 4.3 percent annually over declining U.S. sales while overall industrial production could drop by 0.6 percent due to the U.S. expanded tariffs, the Japan Research Institute…
27 March 2025
- NAIROBI, Kenya, Mar 27 – Vivo Energy Kenya Limited and TotalEnergies are among the top Kenyan oil marketers who have lost their market shares in the latest Energy & Petroleum Regulatory Authority (EPRA) industry data. EPRA’s Energy & Petroleum…
27 March 2025
- NAIROBI, Kenya, Mar 27 – Smallholder farmers in Nyandarua, Meru, and Kisii have received a boost after the Micro Small Enterprise Authority (MSEA), the Kenya Development Corporation (KDC), and the House of Procurement entered into a deal to enhance…
27 March 2025
- BY Fred Waswa MAR 27 – In Kenya, the retirement saving landscape presents some worrisome statistics: only 20% of the population is actively saving for retirement, with a staggering 80% having no form of safety net to tap into during retirement. That…
27 March 2025
- South Africa, in partnership with the World Bank, has launched a $3 billion initiative to restore essential services and improve infrastructure in eight of its largest cities.
27 March 2025
- MAR 27 – US President Donald Trump says he may cut tariffs on China to help seal a deal for short video app TikTok to be sold by its owner ByteDance. Trump also said he is willing to extend a 5 April deadline for a non-Chinese buyer of the platform to…
27 March 2025
- NAIROBI, Kenya, Mar 27 – Indian media conglomerate Zee Entertainment Africa has introduced Zee Dunia, the first Free-to-Air (FTA) television channel in Africa, uplifting the region’s entertainment industry. The move makes Zee Entertainment the first…
27 March 2025
- NAIROBI, Kenya, Mar 27 – The East African Development Bank (EADB) has refuted allegations regarding its lending operations, which were made by former Cabinet Secretary Raphael Tuju during a March 24 interview. In a statement issued on Thursday, EADB…
27 March 2025
- WASHINGTON, March 27 (Xinhua) — U.S. President Donald Trump on Wednesday announced plans to impose 25 percent auto tariffs — on top of previous duties — on April 2. “What we’re going to be doing is a 25 percent tariff for all cars that are not made in…
27 March 2025
- NAIROBI, March 27 (Xinhua) — Kenya plans to reduce its dependence on external creditors in a new debt strategy, a senior official said on Wednesday. John Mbadi, cabinet secretary for the national treasury and economic planning, told journalists in the…
27 March 2025
- NAIROBI, March 27 (Xinhua) — Revenue generated by Kenya’s Standard Gauge Railway (SGR) passenger train increased by 41 percent in 2024, the Kenya Railways Corporation (KRC) said in a report on Wednesday. The train generated 4.09 billion Kenyan…
27 March 2025
- NAIROBI, Kenya, Mar 27 – Digital lender, Jijenge Credit limited has backed calls for a common base lending rate being spearheaded by commercial banks, saying the move will offer predictability and flexibility to borrowers and lenders alike. “It is…
27 March 2025
- The company behind Uganda’s EACOP crude pipeline has secured its first tranche of external financing from a consortium of institutions, including commercial banks and Afreximbank, EACOP Ltd announced on Wednesday.
27 March 2025
- Niger’s junta leader, Abdourahamane Tiani, has been sworn in as president for a five-year transition period under a newly established charter, further cementing military rule in the country.
