Ethiopia's power deficit push Kenya to mull deal

Nairobi, April 14 -- Kenya may be forced to renegotiate its 25-year power purchase agreement (PPA) with Ethiopia if the deepening electricity crisis in the Horn of Africa nation gets out of control. ... Read More

Kenya, DRC among African nations with firms making $1bn revenues

Nairobi, April 14 -- Africa has at least 345 companies with revenues of $1 billion or more per annum of which 3 percent (11) of the firms are located in East Africa (EA) underlining the region's growi... Read More

Kenya targets World Bank loan to clear Eurobond balance

Nairobi, April 13 -- Kenya is seeking to use part of the proceeds of the World Banks's $1 billion loan to settle the outstanding $500 million of the debut 10-year bond that is maturing in June 24, ami... Read More

East African central banks raise interest rates on inflationary pressure

Nairobi, April 13 -- East African central banks are keen on anchoring inflation expectations to reduce the cost of living and attempt to comply with the elusive macroeconomic convergence conditions fo... Read More

Uganda taps into Islamic banking market with entry of Salaam Bank

Nairobi, April 9 -- Uganda government's move to pass legislation allowing Islamic banking, and the subsequent licensing of Salaam Bank, show a growing demand for Sharia-compliant financial services. ... Read More

EA stock market chiefs mull issuing dollar-denominated securities to cushion investors

Nairobi, April 7 -- East African stock market chief executives are considering a policy shift to allow them issue debt instruments in hard currency to open competition with commercial banks over the i... Read More

Why firms are struggling to raise fresh capital in Africa

Nairobi, April 7 -- The amount of private capital companies in Africa raised declined by nine percent to $1.9 billion in 2023, the second-lowest fundraising for final closed funds in 11 years, highlig... Read More

Countdown to ending era of commercial banks holding Kenyan taxpayers' money

Nairobi, April 7 -- Commercial banks in Kenya have about two weeks to disclose details of government accounts they are holding as part of a bigger plan to consolidate public funds from multiple bank a... Read More

Kenya's top banks take up $4.7bn in fresh capital on new reporting standards

Nairobi, April 6 -- Kenya's top banks pumped in about Ksh619.22 billion ($4.72 billion) in fresh capital to sustain operations and maintain resilience after the new reporting standards kicked in deman... Read More

KWS puts up 13 tourist camps for lease in cash drive

Nairobi, April 4 -- The Kenya Wildlife Service (KWS) has put up 13 tourism camps for lease to private investors as part of a wider plan to boost revenue from its key assets. The State agency on Tuesd... Read More

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