High Freight Costs Spur Kenya-Lusaka Logistics Hub Plan
The proposed Lusaka warehouse is designed to address these structural gaps by enabling cargo consolidation and shared storage infrastructure.
Afreximbank Raises US$ 2bn in Oversubscribed Three-Year Loan
The African Export-Import Bank (Afreximbank) has concluded a new three-year Dual Tranche Syndicated Term Loan Facility totaling US$2 billion equivalent.
Fincra Secures Canadian PSP License, Enhancing Africa Canada Payment Infrastructure
Fincra has secured Payment Service Provider (PSP) license in Canada, marking an important step in Fincra’s mission to build compliant, reliable payment infrastructure
Bomas Delays Push France-Africa Summit To KICC Fallback
Marriott Debuts in Cape Verde with Four Points by Sheraton São Vicente Resort
Marriott International has debuted in Cape Verde with Four Points by Sheraton São Vicente Resort, above Laginha Beach within the cultural hub of São Vicente.DTB Kenya Completes Burundi Divestiture, Subsidiary Profit Collapsed 56% in Final Year
Diamond Trust Bank Kenya has completed the sale of its entire 83.67% shareholding in Diamond Trust Bank Burundi S.A. to a consortium of primarily Burundian investors, closing a 16-year regional presence that began in 2009. The transaction, completed on 31 December 2025, followed regulatory approval from the Bank of the Republic of Burundi. DTB Burundi had contributed just KSh 50.6 million to group pre-tax profit in FY2024, down 56% year-on-year, as total assets contracted from KSh 5.9 billion to KSh 4.6 billion amid Burundi's 39% inflation environment.
How the World Is Handling the Worst Energy Crisis in Decades
Across the world, economies are staring at multifold crises triggered by the latest, ongoing conflict pitting Israel and the United States against Iran.
BBB- to Default: S&P and Fitch Rate Five African Nations
S&P Global Ratings downgraded Senegal's local currency sovereign rating four notches to CCC+ on March 27, 2026, citing gross financing needs of 26% of GDP, a suspended IMF program, and government debt estimated at 131% of GDP. In the same 48-hour window, S&P affirmed Morocco at investment-grade BBB- and Ghana at B-, while Fitch affirmed Tanzania at B+ Stable. Mozambique's selective default local currency rating was also affirmed alongside a CCC+ foreign currency rating with Negative outlook. The five actions were shaped by the Middle East war, IMF program access, and commodity exposure.NSE Suffers Worst Week Since Covid 19 Week, Oil Shock Wipes KSh 231Bn From Market
The Nairobi Securities Exchange recorded its worst week since COVID-19, erasing KSh 231.17Bn across five consecutive losing sessions in the second largest weekly decline since 2008. The Banking Index fell 8.03%, posting its worst day since launch on Thursday. The NSE 10 lost 9.02%, also a record worst week. ABSA dropped 14.5%, KCB shed 10.5%, and Equity fell 9.8%. Brent crude closed above $106 after Iran rejected US peace talks, with Kenya facing a fuel price shock at the April 15 EPRA review. Foreign investors were net sellers at KSh 503.76M. Market cap fell to KSh 3,241Bn. YTD gains narrowed from 12.24% to 4.76%.Afreximbank Unveils Eight Digital Trade Startups in Inaugural Accelerator Cohort
The African Export-Import Bank (Afreximbank) has launched the inaugural cohort of its “Afreximbank Accelerator Programme,” with eight startups.Nairobi Securities Exchange Posts Record 2025 Performance, Moves to Extend Trading Hours
Total revenue crossed the KSh 1 billion mark for the first time, growing 31% year-on-year, supported by strong performance across both the equities and fixed income markets.Why France Excluded South Africa, Invited Kenya, to G7 Summit
France has defended its decision to disinvite South Africa, a member of the G20, from the upcoming G7 Summit in Evian-les-Bains, choosing instead to invite Kenya as Nairobi prepares to host the Africa-France Summit in May.
