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Nedbank Gains Approval for NCBA Stake Acquisition
Nedbank has secured regulatory approval to acquire a 66% stake in NCBA, a leading Kenyan bank. The transaction, valued at $855.5 million, represents a significant
Zimbabwe Introduces ZiG Currency to Stabilize Economy
Zimbabwe is introducing new notes featuring illustrations of the country’s “Big Five” wildlife, aiming to establish a clear national identity for its currency. Existing ZiG
European Investment Bank to Invest €3.1 Billion in Africa
The European Investment Bank (EIB) committed substantial funding to various projects across Africa in 2025, focusing on key economies and smaller states. A significant portion
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) on employment. The survey, encompassing
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) in improperly levied charges. The
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 for citizens. The policy shifts
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 in Eastern and Southern Africa.
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 recent report by Fitch. This
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 aimed at combating systemic corruption.
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 development partners. This shift impacts