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The silent thief stealing Kenya’s future
Business and Economy

The silent thief stealing Kenya’s future

Kenya has spent the past decade positioning itself as a hub of innovation and creativity. From film and music to sports broadcasting and online media,

Ex-AfDB chief to chair Botswana diamond fund as country pushes economic diversification
Business and Economy

Ex-AfDB chief to chair Botswana diamond fund as country pushes economic diversification

Akinwumi Adesina, the former African Development Bank president,  has been appointed chairman of Botswana’s Diamonds for Development Fund, a new initiative aimed at using the

Absa Bank Kenya Q1 Net Profit Drops 13% to Ksh5.3B
Business and Economy

Absa Bank Kenya Q1 Net Profit Drops 13% to Ksh5.3B

Absa Bank Kenya PLC has posted a profit after tax of KSh5.3 billion and achieved a Return on Equity of 20.3% for the quarter ended

Express Kenya plans cash call with sale of 50 million shares
Business and Economy

Express Kenya plans cash call with sale of 50 million shares

Express Kenya plans to raise additional capital from existing investors by selling 50 million new shares at a price the company says will be disclosed

Workers’ pain as fuel prices push inflation to 28-month high
Business and Economy

Workers’ pain as fuel prices push inflation to 28-month high

Kenya’s inflation accelerated ‌for the second month running in May, hitting its highest in more than two years, largely due to fuel price increases linked to the

Annual Meetings 2026 (AM2026): African...
Business and Economy

Annual Meetings 2026 (AM2026): African…

The African Development Bank Group (www.AfDB.org) and the World Economic Forum (WEF) on Wednesday launched the Humanitarian and Resilience Investing (HRI) Roadmap for Africa to

South Africa Reserve Bank Hikes Rates 25bps To Fight Inflation
Business and Economy

South Africa Reserve Bank Hikes Rates 25bps To Fight Inflation

South African Reserve Bank Hikes Rates 25bps to Fight Inflation The South African Reserve Bank (SARB) raised interest rates by 25 basis points, citing escalating

AfDB Commitments to Morocco Hit Record €1.3 Billion in 2025
Business and Economy

AfDB Commitments to Morocco Hit Record €1.3 Billion in 2025

Marrakech – The African Development Bank’s financial commitments to Morocco reached a record high of nearly €1.3 billion in 2025, the bank’s country manager for

African Leaders Urge Massive Investment In Energy And Infrastructure At African Development Bank Group’s 2026 Annual Meetings
Business and Economy

African Leaders Urge Massive Investment In Energy And Infrastructure At African Development Bank Group’s 2026 Annual Meetings

African leaders called for substantial investment in energy, infrastructure, industrialisation and climate finance, while also emphasising the need for the continent to mobilise more private

Kenyan Official Rejects New Crypto Tax Claims as Nairobi Tightens Virtual Asset Rules
Business and Economy

Kenyan Official Rejects New Crypto Tax Claims as Nairobi Tightens Virtual Asset Rules

Key Takeaways Kenyan Treasury CS Mbadi denied reports of new crypto or bread taxes on May 25 to calm public panic. KPMG warned that the