Angola Maintains 19.5% Interest Rate as Inflation Pressures Persist
Angola's central bank maintained its benchmark interest rate at 19.5% for a third time on Tuesday, citing a potential slowdown ...
Counterfeit Electrical Equipment Incur US$600bn Losses for African Manufacturers
Weak intellectual property laws in the continent have precipitated a flourishing US$250 billion industry of counterfeit electrical products, according to ...
Treasury CS Mbadi Moves to Contain Pension Crisis
The National Treasury is seeking to rescue pension funds choking from non-remittance of workers contributions which stood at a staggering ...
Absa Kenya Profits Up 20% KSh 14.8Bn in Q3
Absa Group has posted a 19.8% increase in net profit to KSh 14.8 billion in the 9 months to September ...
Blame Game as Sudan War Escalates into Global Proxy Conflict
The paramilitary Rapid Support Forces of Sudan (RSF) is putting its enemy, the Sudanese Armed Forces, at the center of ...
Crypto Surges as Gold Edges Downwards after Trump’s Win
Bitcoin has surged over 30% since President Trump's victory with Gold falling about 5% as dynamics continue shifting towards digital ...
Kenya’s Poverty Rate Edges to 40% – KNBS
About 33.2% of urban dwellers in Kenya consumed less than KSh 8,000 per month, while 42.9% of Kenyans living in ...
Explainer: How the Ethiopian Birr’s Devaluation Ate into Safaricom’s Earnings
On November 7, 2024, Safaricom PLC (SCOM) released its financial results for the half-year ending September 30, 2024 (HY25), revealing ...
Economists Lobby for Shifts in Global Financial Systems to Address Africa’s Needs
Economic governance experts at the Second Session on the Committee on Economic Governance in Addis Ababa have lobbied for changes ...
Co-operative Bank Profits Increase by 4.4% to KSh 19.2 bn
The Co-operative Bank posted KSh 19.21 billion in the 9 months to September, a 4.4% uptick from KSh 18.4 billion ...