Kenya’s Private Sector Activity Rises to 6-Month High in November- Stanbic PMI
Kenyan firms saw improvement in business conditions in November, marked by improved sales as demand for goods and services increased ...
Kenyans Avoid Chamas as Source of Financial Advice -FinAcess Survey
Kenyans are shifting away from informal, community-based sources such as chamas for financial advice, instead seeking advice from family/friends or ...
Airtel Money Partners with Chinese Company Running the Nairobi Expressway
Airtel Money will collaborate with the Moja Expressway Company, the Chinese firm that manages the Nairobi Expressway, to introduce the ...
Savannah Clinker Withdraws Bamburi Cement Takeover Bid
Savannah Clinker Limited has withdrawn its competing offer to acquire listed cement manufacturer Bamburi Cement Plc, the Capital Markets Authority ...
Central Bank Admits Four New Monetary Policy Committee Members
The Central Bank of Kenya has admitted 4 new external members to the Monetary Policy Committee (MPC), after delays as ...
Africa’s Financial Future Needs Radical Reform
Africa's financial future is shaped not just by traditional western-led institutions but also by emerging partnerships with eastern and BRICS-led ...
Relief for Banks as Parliament Proposes Extending Core Capital Hike to 8 years
The National Assembly's Finance and Planning Committee has proposed to extend the period that commercial banks will raise their core ...
The Proposed VAT Regime on Air Ticketing Services Needs to Be Scrapped
In the Kenya Association of Travel Agents' estimation, the imposition of VAT on air ticketing services will reduce flight bookings ...
Ghana Unlocks US$360Mn from IMF as Elections Loom
Ghana has secured US$360 million from the International Monetary Fund (IMF) after the successful third review of the 36-month Extended ...
AfDB Approves $170mn Loan for Egypt’s Largest Wind Energy Project
The African Development Bank (AfDB) has approved a $170mn loan to support the construction of Egypt's GW Suez Wind Project, ...