Small and medium-sized Kenyan business with optimistic prospects could potentially receive aid from the World Bank. Via a program initiated by the global lender budgeted at $50 million (Sh7.7 billion), the feasibility of some Kenyan business models will be assessed […]
By 2035, Africa exports are set to experience a remarkable surge, approaching nearly USD1 trillion. The driving force behind this economic milestone is the African Continental Free Trade Area (AfCFTA), a collaborative effort encompassing 54 markets, poised to augment exports […]
Despite Kenya’s inflation, people in the country are using more cars now than they have in recent years, as indicated by the increase in the number of registered vehicles in the first nine months of 2023. In the period under […]
Asia’s first ETF tracking shares listed in Saudi Arabia debuted in Hong Kong, allowing investors to trade Saudi stocks including the oil giant Saudi Aramco in Hong Kong dollars or Chinese yuan. Managed by CSOP Asset Management and with the […]
The collapse of Zambia’s $3 billion bond rework deal this week is reverberating well beyond the country’s borders, raising doubts about the very framework designed to get bankrupt nations back on track quickly. Zambia’s government said on Monday an International […]
FCMB Group Plc (NGX: FCMB) today announced a 108% Year-on-Year (YoY) growth in profit before tax (PBT) to N55.1 billion for the nine months ended September 30, 2023, compared to N26.5 billion in the corresponding period of 2022. The Group’s […]
The report suggests that the Wagner Group is leveraging the ongoing terror and instability in Mali to exchange African gold, thereby contributing to funding Vladimir Putin’s military activities. According to Express.co.uk, Business is booming in Africa for the Wagner Group […]
Most emerging markets stocks edged up on Thursday and currencies were steady in holiday-thinned trade, though investors geared up for monetary policy decisions from Turkey and South Africa. Turkey’s lira TRYTOM=D3 was little changed at 28.82 against the dollar ahead […]
THE United States and China plan further talks on commercial issues next year, the US Commerce Department said on Friday in a commitment to continue high level engagement despite tensions. The announcement came after the US and Chinese presidents, Joe […]
Oil prices were on track for the fourth straight week of decline as they remained little changed in early Asian trade after slipping about 5% to a four month-low on Thursday on worries over global demand. Brent futures were up […]
