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DRC and Uganda Flag New Ebola Outbreak
The World Health Organisation has declared the outbreak, the 17th one of an Ebola strain in the DRC, a public health emergency of international concern (PHEIC)
Dangote Refinery, FX Reserves Boom Earn Nigeria First S&P Upgrade in 14 Years
S&P upgraded Nigeria to B from B- on May 15, 2026, its first upgrade in 14 years, completing a three-agency sweep with Fitch and Moody's. Drivers include the Dangote refinery operating at 650,000 bpd, FX reserves at $50 billion, and a current account surplus projected at 5.8% of GDP in 2026.
Kenya's Public Debt Hits KSh 12.84 Trillion
Kenya's public debt hit KSh 12.84 trillion in February 2026, pushing debt-to-GDP to 69.5% and nearing the 2023 peak, as debt service consumed KSh 1.72 trillion in FY2024/25.
NVIDIA vs Silver: What a Chip Company Overtaking a Precious Metal Tells Us About the New Economy
For the first time in history, three of the five most valuable assets on earth are not things you can hold in your hand. The market has not gone haywire.
Diamond Trust Bank Q1 Profit Rises 19% to Record KSh 3.48 Billion
Diamond Trust Bank Kenya posted record Q1 profit of KSh 4.81 Bn, up 18.6%, as net interest income crossed 10 Bn for the first time. PAT growth compressed to 7.7% by a 152% provisions spike.
Africa Launches AIM2030 to Cut Drug Import Dependence, Build Local Manufacturing
African countries currently import between 70% and 100% of finished pharmaceutical products and roughly 99% of vaccines, with less than 1% manufactured locally.
Finance Bill 2026 Ends VAT Relief For Affordable Housing Materials, Tourism Sector
The Finance Bill 2026 has proposed to raise taxes on tourism, aviation, and affordable housing while exempting VAT on phones, electric transport, and key medical supplies
WPP Scangroup Calls AGM, Replaces Three Directors Ahead of Ouster Vote
WPP Scangroup has called its 20th AGM for 8 June 2026, folding Bharat Thakrar's board removal resolutions into the agenda as special business. Three targeted directors, Jon Eggar, Patou Nuytemans and Shahid Sadiq, have already retired, replaced by three WPP network insiders including WPP Plc's Group Finance Director.
Asahi Moves Closer to EABL Acquisition With Takeover Exemptions from East African Regulators
Asahi Group Holdings has secured mandatory takeover exemptions from capital markets regulators in Kenya, Tanzania and Uganda, clearing a key procedural hurdle in its US$2.3 billion EABL acquisition. Antitrust approvals and a Court of Appeal case filed by distributor Bia Tosha remain outstanding.
Africa CEO Forum: Nigeria's Tinubu Calls for Pan-African Commodity Exchange to Cut Dollar Dependence
At the ongoing Africa CEO Forum, Nigeria's President Bola Ahmed Tinubu has called for the establishment of a continent-wide African commodity exchange platform.
Kenya's Treasury Bill Rates Rise for Fifth Straight Auction on Inflation Jump
Kenya's 91-day T-bill rate has risen for five straight auctions since late April 2026, climbing from a floor of 7.40% to 8.32%. The reversal follows the end of the CBK's 10-cut easing cycle, a jump in inflation to 5.6%, and a record KSh 1.1 trillion domestic borrowing target for FY2026/27.