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Africa
Kenya Lost its Position as ATI’s Primary Stockholder.
After undisclosed new cash injections into the pan-African Institution, Togo and Benin have surpassed Kenya as the…
Under Non-disclosure Agreements, Ghana’s Bondholders’ Counsel Begin…
A group of foreign private lenders are represented by Rothschild & Co., while the government, which froze…
Equity and KCB Put Pressure on Safaricom.
Equity Group is now spearheading a banking industry assault for the title of East Africa's most profitable…
Tullow to Default on $2.5bn Debt Repayment
The Tullow Group has indicated that it may not be able to fully repay its US$2.5 billion notes outstanding which…
Mail Services Firm Raises Charges 33pc
In response to high operating costs, MPost, a service that converts mobile phones into official postal addresses,…
Equity net profit up 15% to record Sh46 billion.
As the most profitable lender in the area, Equity Group's net profit for the year ended December 2022 increased by…
Infinity Power Acquires Lekela Power in Africa’s Biggest Renewable Energy…
The acquisition of the whole stake in Africa's wind power platform Lekela Power has been finalized by Infinity…
ALCB Fund Purchases a Portion of the SOLEA Bond Issuance
The ALCB Fund contributed XOF 2 billion (USD 3.3 million) to the XOF 4 billion (USD 6.6 million) bond sale by La…
Maia Capital Pledges R100 million to Increase Financial Inclusion for…
The low-to-middle income people in South Africa will now have better access to financial products, helping to…
I&M Receives Sh457 million as Dividend from a Mauritius Subsidiary.
As a result of the unit's increased financial performance over the time, I&M Group received a dividend from…
Savannah has Threatened to Sue in Response to the Planned Nationalization of…
Savannah Energy has said that it will legally contest Chad's intentions to seize its assets. The Republic of…
GSE Composite Index plunge 18.78 Points after Trading
The stock market had two decliners and one advancer, resulting in a closing price that was an 11-day low.The…
Why PE firm Helios Disposed of Telkom Kenya Stake
One of the reasons Helios Investment Partners decided to begin its withdrawal from the troubled telecoms company…
KCB adds 2,500 Staff on Congo Unit Buyout
After the purchase of a majority interest in the Trust Merchant Bank (TMB) of the Democratic Republic of the Congo…
Kenya Power now Bets on Goodwill for Dollar Electricity Bill Payments
The industry regulator stated it would not let Kenya Power to bill consumers in dollars and euros, so the company…
Top 10 Richest People in Africa – Forbes.
It's worth noting that the path to wealth is not always straightforward, and many of the richest people faced…
BlackRock Eyes Deal to Buy Into Biggest Africa Wind Power Farm in Kenya
Northern Kenya's Lake Turkana Wind Power is home to Africa's largest wind farm, and a public-private partnership…
Airtel Launches First eSIM Card Services in Tanzania
The eSIM (embedded SIM), a digital SIM that gives users access to the same functionality as physical SIMs sold in…
Moody’s in Tanzania to Evaluate Credit Worthiness
Tanzania can borrow money from foreign markets at fair rates if the government's efforts to improve its credit…
T-bills, Bonds Still Safest to Invest in — Ebo Turkson
According to Assistant Professor of Economics Prof. Festus Ebo Turkson, notwithstanding the government's…
Foreign Investors Dump Over Four billion NSE Shares
In multi-year selloffs, foreign investors have sold nearly four billion Nairobi Stock Exchange (NSE) shares,…
State Owes ViVo Energy Sh21 Billion Fuel Subsidy
The parent company of the oil marketer flagged the delayed payments after the government's debt to Vivo Energy…
Ghana Removes Fuel Subsidies and Establishes a Special Refinery Fund to Stabilize…
According to the Ghana National Petroleum Authority (NPA), the nation has put in place regulatory measures, such…
Kenya Plans to Work with Zambian Farmers on a Special Maize Importation Agreement.
In an effort to reduce the price of the staple, Nairobi will sign contracts with farmers in Zambia next month to…
Kenya Nuclear Proposal will Require Billions for Grid Improvements.
When Kenya chooses to move forward with plans to build nuclear power facilities to help meet the nation's…
Centum Uses Cash Flow To Pay Down Sh2.3bn Debt.
Centum Investments Company Plc used internally produced cash to pay off Sh2.3 billion in debt after efforts to…
Firm Denied From GDC Funds For Debt Of $2 billion
The Menengai Geothermal Project maintenance services provided by an ICT business resulted in a Sh2 billion debt…
Diageo Succeeds In Increasing Its Ownership Of EABL To 65 Percent.
The first round of British multinational Diageo's offer to purchase an additional 14.97 percent ownership in East…
UK Mining Company Engages PwC For Entrance Strategy In East Africa
London-listed PwC Limited Kenya has been appointed by Marula Mining to offer a variety of consulting services,…
UGANDA: Loan Interest Payments Increase Due To Rising Domestic Debt.
The amount of interest paid on Uganda's public debt increased over the six-month period due to a growth in the…