Business and Economy

China approves Standard Bank, ICBC as joint RMB clearing bank for Africa

China"s central bank said on Friday that it has authorized Standard Bank, Africa's largest lender, and the Industrial and Commercial…

4 months ago

Bank of China Approves a Yuan Clearing Hub Across 19 Africa Markets – BitKE

China has authorized Standard Bank Group Ltd. and Industrial and Commercial Bank of China (ICBC) to establish a Renminbi clearing…

4 months ago

Meet the business leader backing Kenya’s affordable smartphone revolution

As Kenya works to bring more people into the digital economy, one business leader is helping make smartphones more accessible…

4 months ago

[PHOTOS] Ruto leads Kenya in marking World MSME day at KICC

President William Ruto interacts with exhibitors during the 2026 World MSME Day celebrations at KICC, Nairobi/PCSPresident William Ruto on Saturday…

4 months ago

China gives Standard Bank approval to clear yuan payment in 19 African countries

Africa’s largest lender, Standard Bank, has won approval by China to clear yuan payments across 19 African countries, in what…

4 months ago

World Bank’s $642 Million Skills Push Targets Africa’s Youth Employment Gap

The World Bank Group has approved a major regional skills and employment programme for Western and Central Africa, setting up…

4 months ago

Parliament seeks bigger say in control of Kenya’s Sovereign Wealth Fund

The proposed Sovereign Wealth Fund  will collect and invest part of the government’s revenues from oil and mineral resources. [File,…

4 months ago

New Act to spur Kenya’s coffee renaissance

The assent of the new Coffee Act by President William Ruto marks a major turning point in Kenya’s agricultural and…

4 months ago

World Bank Warns of Stalling Recovery as Inflation Set to Climb Across Sub-Saharan Africa

Sub-Saharan Africa’s economic recovery is losing momentum, with the World Bank projecting growth will hold at 4.1 percent in 2026,…

4 months ago

6th Canada-Africa Business Conference Opens in Lagos, Headline Sponsored by Zenith Bank Plc

The Canada-Africa Chamber of Business (www.CanadaAfrica.ca) today opens the 6th Canada-Africa Business Conference in Lagos, Nigeria, headline sponsored by Zenith…

4 months ago