Uganda Signs SGR Deal with Turkish Firm
The government of Uganda has signed a US$2.95 billion deal with a Turkish company - Yapi Merkezi to construct a ...
Ethiopia’s Central Bank Imposes New Policy on FX Spreads, Commission Fees
The National Bank of Ethiopia (NBE) has mandated financial institutions in the country to separately include their forex trading spreads ...
After Fare Hike, Bolt Seeks Long-Term Solutions
Ride hailing App Bolt has kicked off the search for long-term solutions to solve the business disruptions occasioned by drivers ...
Central Bank of Kenya Upgrades to Global Standard for Bulk Payments
The Central Bank of Kenya (CBK) has migrated the Kenya Electronic Payment and Settlement System (KEPSS) to the Global Messaging ...
Africa Needs $194bn in Additional Financing to Achieve SDGs- UNGA President
Africa will need about $194bn in additional financing annually to achieve the 2030 Agenda for Sustainable Development (SDGs), the United ...
Glaring Gender Gap Rocks Postal and Courier Industry-CA
Employment in Kenya’s postal and courier business is heavily skewed towards men, whose numbers have been more than double that ...
CEOs Lament Q3’s Constraints to High Credit Costs, Low Consumer Demand- CBK Survey
A survey by the Central Bank of Kenya (CBK) reveals that only 34.4% of CEOs believe their companies recorded growth ...
Central Bank Clears JPMorgan to Set Up Office in Nairobi
The Central Bank of Kenya (CBK) has authorized JPMorgan Chase Bank, the largest bank in the US, to establish a ...
Safaricom’s M-PESA Market Share Drops, Airtel Gains Marginally-CA
Airtel Networks gained its market share in mobile (SIM) and broadband subscriptions while Safaricom lost in both areas, according to ...
3 Scientists Win Economics Nobel Prize for Demonstrating Why Nations Fail
The Royal Swedish Academy of Sciences has awarded the 2024 Nobel Prize in economics to three scientists, including the authors ...