Nairobi, April 27 -- Pan-African banking group United Bank for Africa (UBA) has acquired more stakes in its Kenyan and Ugandan subsidiaries in the wake of a rush by Nigerian lenders to penetrate the E... Read More
Nairobi, April 27 -- South Sudan's National Audit Chamber wants the Ministry of Finance and Planning to account for the use of $114.4 million received from the International Monetary Fund (IMF) for bu... Read More
Nairobi, April 27 -- Rwanda recorded a 39 percent growth in the number of customers taking up loans with commercial banks in 12 months to June 30, 2023, supported by fresh measures by the central bank... Read More
Nairobi, April 21 -- Several African countries reeling under the weight of economic and political problems are banking on rescue interventions from the World Bank and the International Monetary Fund (... Read More
Nairobi, April 21 -- The United Nations Conference on Trade and Development (UNCTAD) has warned developing countries facing a high risk of debt distress against issuing more Eurobonds. The UN agency,... Read More
Nairobi, April 21 -- Non-tariff barriers have pushed down Kenya's maize imports from Tanzania to 63 percent of the total imports of the grain in 2022/2023 marketing year, from 97 percent in 2021/2022.... Read More
Nairobi, April 20 -- Uganda's Deposit Protection Fund (DPF) has agreed on rules to stem systemic risks and maximise asset recovery in the event of bank failures as part of a five-year crisis managemen... Read More
Nairobi, April 20 -- Egyptian lender, Commercial International Bank (CIB), is reviewing its growth plan for Kenya after recording $1.22 million in impairment losses in a Kenyan subsidiary on what it d... Read More
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
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