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Business and Economy
Covers economic trends, financial markets, startups, trade, inflation, employment, and policy decisions impacting Kenya and African economies.
Prest secures Zambia court victory in Investrust stake dispute
- By Black Hot Fire Network Team
- . February 24, 2026
Nigerian investor Prest is pursuing legal action to recover the value of a 24.8% stake in Investrust Bank, which he says was effectively eliminated when
Grey Adds USD Payments to Global Business Banking
- By Black Hot Fire Network Team
- . February 23, 2026
Grey has expanded its business banking services to include USD business accounts, bulk payments, and support for the USDC stablecoin, all within a single platform.
African Development Bank Funds Solar Project for Eritrea
- By Black Hot Fire Network Team
- . February 23, 2026
The African Development Bank (AfDB) has approved $58.04 million in grant funding to support a solar mini-grid project in Eritrea’s Gash Barka region. The region,
UK bank sells Botswana subsidiary amid takeover interest
- By Black Hot Fire Network Team
- . February 22, 2026
Standard Chartered Plc is exploring the sale of its corporate and investment banking, retail, and wealth management units in Botswana. The London-headquartered bank has reportedly
DR Congo to Add State Gold to Central Bank Reserves
- By Black Hot Fire Network Team
- . February 22, 2026
The Democratic Republic of Congo (DRC) is partnering with DRC Gold Trading SA to supply gold sourced from artisanal mining operations to the central bank.
Finovate East Africa Explores Digital Banking and Payments
- By Black Hot Fire Network Team
- . February 21, 2026
This week’s edition of Finovate Global focuses on fintech developments in countries located in and around East Africa. Digital banking secures investment in Zambia Zambian
South African Banks Issue $322 Million Loss Buffer
- By Black Hot Fire Network Team
- . February 21, 2026
South Africa’s largest banks have recently raised a significant amount of loss-absorbing debt as part of a new regulatory framework. This framework aims to ensure
Kenyan AI innovators compete in US program
- By Black Hot Fire Network Team
- . February 20, 2026
Four young engineers from Nairobi were recognized for their innovative solutions at the Red, White and Build Hackathon, a competition supported by the United States.
Kazakhstan Issues $2.25 Billion in Eurobonds
- By Black Hot Fire Network Team
- . February 20, 2026
The American Bankers Association (ABA) has updated its cybersecurity guidance for banks, emphasizing the importance of proactive measures and resilience in the face of evolving
Kenya Approves Nine Firms to Inspect Goods Before Import
- By Black Hot Fire Network Team
- . February 18, 2026
The Kenya Bureau of Standards (KEBS) has authorized nine firms to conduct inspections of imported goods prior to shipment from exporting countries. This initiative is