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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
Malawi Economy Needs Reforms to Spur Growth and Jobs
Malawi faces significant economic challenges requiring urgent reforms, according to a recent World Bank report. The report emphasizes the need for coordinated action to stabilize
Prest secures Zambia court victory in Investrust stake dispute
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
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
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,