Rwanda, Qatar Extend Deal on Financial Sector Development
The Qatar Financial Centre Authority (QFCA) and Kigali International Financial Centre have renewed their agreement to jointly foster financial sector development in their respective regions. The QFC and Kigali International [...]
Kenya’s Economy to Grow by 5% in 2023 World Bank
Kenya’s economic growth will increase by 5% in 2023, up from 4.8% in 2022, due to an expansion in the agriculture sector as well as a rise in private consumption. [...]
Slow Implementation of Legal Instruments Weighs on Comesa Programmes
The slow implementation of some legal instruments within COMESA bloc is delaying advanced regional integration. The delay in domestication of the instruments at national level has hit the COMESA-EAC-SADC tripartite [...]Old Mutual Group Records KSh 200 M in HY 2023 Pre-tax Profit
Old Mutual Group East Africa Holdings Limited has recorded a KSh 200 million pre-tax profit for the half-year period ended June 2023. These results were primarily driven by a profitable [...]EAC Gears for Launch of Regional Digital Integration Project
The East Africa Community (EAC) is getting ready for the launch of the Eastern Africa Regional Digital Integration Project (EA-RDIP). The project is a vital regional initiative that is set [...]Britam Holdings HY 2023 Net Profit up 300% to KSh 1.6 billion
Britam Holdings Plc recorded a rise in half-year net profit to KSh 1.6 billion at the close of the six-month period ended 30th June 2023 from KSh 377.9 million in [...]Crown Paints Kenya HY2023 Net Profit Sinks 87.2% to KSh 37 Million
Crown Paints Kenya Plc Net profit for the half year ended 30th June 2023 plunged 87.2% to KSh 37 Million compared to KSh 288 million in HY 2022.This is as [...]Kenya Shilling is 6th Worst Currency Performer in Africa
The Kenya Shilling is ranked the 6th worst-performing African currency this year, slumping by more than 15% against the US Dollar. At the close of forex trading yesterday, the Kenya [...]Kakuzi Exports KSh 13.5 Million Worth of Boran Heifers to Uganda
Kakuzi, a listed agro-processing firm has delivered its first container of 181 Boran heifers to a Uganda-based rancher for breeding. The breeding heifers valued at more than KSh 13.5 million [...]Kenya to Commence $ 13.8B Lamu, Ethiopia, South Sudan SGR Project in 2025
Kenya will in 2025 begin constructing a $ 13.8 billion high-speed electric standard gauge railway linking its Indian Ocean port of Lamu to Ethiopia and South Sudan. The 3,000 km [...]IM Group Plc HY 2023 Net Earnings Up 2.2% to KSh 5 Billion
IM Group posted a 2.2% increase in Profit After Tax to KSh 5.033 Billion at the end of the six-month period ended 30th June 2023 compared to KSh 4.9 Billion [...]BRICS Summit: Kenya Pushes for Renegotiation of Debt Repayment Period
Kenya is pushing for renegotiation and suspension of loan repayment by a maximum period of 20 years. Delivering a statement at the 15th BRICS Summit in South Africa, Foreign and [...]
