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World Bank classification: What this means for Nigeria’s economy
The World Bank has retained Nigeria’s lower-middle-income classification for its 2027 fiscal year and also designated the country as a blend economy, a status that
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, rising from $51.6 billion in
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 of detailed spending plans, the
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 long-standing constraints on growth, Standard
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 capital in the unit to
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 expected to make cross-border payments
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 now use the Chinese yuan
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 banking for Africa regions &
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 legal fees over its alleged
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 Safaricom, Absa Bank Kenya and