Business and Economy

Bank CEOs cite AI as hiring slows due to redeployment

A recent survey by EY indicates a prevailing sentiment among financial services CEOs regarding the impact of artificial intelligence (AI)…

3 months ago

Kenya Penalizes GT Bank Over ASL Dispute Practices

A Kenyan regulator has ordered GT Bank to pay approximately $257,000 (KES 33,180,000) and refund ASL roughly $102,000 (KES 13,211,285)…

3 months ago

Kenya Outlines Plan for Data-Driven Digital Economy

Kenya has introduced a National Data Governance Policy designed to unify government data and transform it into a valuable resource…

3 months ago

World Bank Program Aims to Reach 18 Million African Youth

A $972 million initiative, backed by the World Bank’s International Development Association (IDA), has been launched to address youth unemployment…

3 months ago

Nigerian banks boost African interest income growth

Nigerian banks contributed significantly to the fastest growth among emerging markets during the first half of 2025, according to a…

3 months ago

Kenya Faces Ongoing Challenges in Combating Corruption

The Kenyan government and the International Monetary Fund (IMF) were set to meet in February to finalize a governance strategy…

3 months ago

Kenya’s Circular Economy Faces Challenges Amid Aid Reduction

Kenya’s efforts to develop a sustainable and resource-efficient economy are encountering challenges due to a reduction in funding from global…

3 months ago

Malawi Economy Needs Reforms to Spur Growth and Jobs

Malawi faces significant economic challenges requiring urgent reforms, according to a recent World Bank report. The report emphasizes the need…

3 months ago

Prest secures Zambia court victory in Investrust stake dispute

Nigerian investor Prest is pursuing legal action to recover the value of a 24.8% stake in Investrust Bank, which he…

3 months ago

Grey Adds USD Payments to Global Business Banking

Grey has expanded its business banking services to include USD business accounts, bulk payments, and support for the USDC stablecoin,…

3 months ago