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Business and Economy
Covers economic trends, financial markets, startups, trade, inflation, employment, and policy decisions impacting Kenya and African economies.
Abay Bank lists on Ethiopian Securities Exchange
- By Black Hot Fire Network Team
- . June 30, 2026
The shares of Abay Bank S.C. were listed on the Main Board of the Ethiopian Securities Exchange (ESX) on 25 June and started trading at
Kenya in pact to reclaim Rwanda’s fuel transit market
- By Black Hot Fire Network Team
- . June 30, 2026
Audio By Vocalize Kenya Pipeline Company storage facilities in Nairobi. [File, Standard] Kenya is looking to dislodge Tanzania as Rwanda’s main fuel transit route following
Absa Bank Kenya CEO Abdi Mohamed Resigns
- By Black Hot Fire Network Team
- . June 29, 2026
Abdi Mohamed has resigned as Chief Executive Officer (CEO) of Absa Bank Kenya, just over three years after taking up the role on May 1,
China approves Standard Bank, ICBC as joint RMB clearing bank for Africa
- By Black Hot Fire Network Team
- . June 29, 2026
China”s central bank said on Friday that it has authorized Standard Bank, Africa’s largest lender, and the Industrial and Commercial Bank of China to jointly
Bank of China Approves a Yuan Clearing Hub Across 19 Africa Markets – BitKE
- By Black Hot Fire Network Team
- . June 28, 2026
China has authorized Standard Bank Group Ltd. and Industrial and Commercial Bank of China (ICBC) to establish a Renminbi clearing network spanning 19 African countries,
Meet the business leader backing Kenya’s affordable smartphone revolution
- By Black Hot Fire Network Team
- . June 28, 2026
As Kenya works to bring more people into the digital economy, one business leader is helping make smartphones more accessible through local manufacturing. Joshua Chepkwony,
[PHOTOS] Ruto leads Kenya in marking World MSME day at KICC
- By Black Hot Fire Network Team
- . June 27, 2026
President William Ruto interacts with exhibitors during the 2026 World MSME Day celebrations at KICC, Nairobi/PCS President William Ruto on Saturday led Kenya in marking
China gives Standard Bank approval to clear yuan payment in 19 African countries
- By Black Hot Fire Network Team
- . June 27, 2026
Africa’s largest lender, Standard Bank, has won approval by China to clear yuan payments across 19 African countries, in what financial analysts describe as major
World Bank’s $642 Million Skills Push Targets Africa’s Youth Employment Gap
- By Black Hot Fire Network Team
- . June 26, 2026
The World Bank Group has approved a major regional skills and employment programme for Western and Central Africa, setting up a new platform aimed at
Parliament seeks bigger say in control of Kenya’s Sovereign Wealth Fund
- By Black Hot Fire Network Team
- . June 26, 2026
The proposed Sovereign Wealth Fund will collect and invest part of the government’s revenues from oil and mineral resources. [File, Standard] MPs are pushing for