Business and Economy

Development banks’ climate pledges hit record, but World Bank pullback looms

Climate finance provided by multilateral development banks (MDBs) to low- and middle-income countries has doubled over the past five years,…

3 months ago

Why World Bank has delayed Sh78bn emergency loan to Kenya

Kenya’s request for an estimated Sh77.5billion ($600million) emergency loan from the World Bank has been delayed due to the lack…

3 months ago

South Africa’s Economy Gains Momentum as Reforms Boost G

South Africa’s economy is moving closer to a sustained recovery as structural reforms and improvements in governance begin to ease…

3 months ago

Kenya Re pumps Sh284m in Zambia subsidiary on new capital rules

Kenya Reinsurance Corporation increased its investment in its Zambian subsidiary by Sh284 million last year, more than doubling its total…

3 months ago

Central African Apex bank joins Africa’s cross-border payment network to boost regional trade

The Bank of Central African States, BEAC, has joined the Pan African Payment and Settlement System, PAPSS, in a move…

3 months ago

China’s push for a global yuan gains ground in one of Africa’s biggest oil economies

According to a directive issued by the Bank of Angola on July 2 and published on Thursday, banks can…

3 months ago

Unlocking Africa’s next wave of trade and investment

As intra-African trade gathers momentum, new investment opportunities are emerging across the continent. Andrew Mashanda, head of business & commercial…

4 months ago

Tycoon Kiuna fails to block Sh189m claim from law firm

Businessman Ngugi Kiuna has failed in his bid to stop a law firm from pursuing more than Sh189 million in…

4 months ago

Vodacom, Absa target Sh21bn extra dividends in Kenya deals

More than Sh21 billion in extra dividends will be shipped to South Africa as Johannesburg-based multinationals buy additional stakes in…

4 months ago

Kenya – EU Economic Partnership Agreement Implementation Strategy launched

Kenya has launched the Kenya–EU Economic Partnership Agreement (EPA) Implementation Strategy, a comprehensive 10-year roadmap designed to provide a clear…

4 months ago