billion

Another African billionaire has crossed the $20 billion mark, making him the 3rd person on the continent to do so

Currently, Nathan Kirsh, who began the year with $9.1 billion, now boasts a net worth of $20 billion according…

2 weeks ago

Presidential candidates face Sh6.1 billion campaign spending limit in 2027 general election

Presidential candidates will be allowed to spend up to Sh6.1 billion, while political parties will have a combined campaign spending…

2 weeks ago

Trump Administration Refunds About $100 Billion After Supreme Court Strikes Down Tariffs | Ukraine news

After a major court ruling, a massive payment process moved quietly through the government, raising fresh questions about who ultimately…

3 weeks ago

Kenya Seeks KSh58 Billion World Bank Lifeline As Iran War And El Niño Threaten Economy

The Government of Kenya is seeking about $450 million (approximately KSh58 billion) in emergency financing to help cushion Kenyans from…

3 weeks ago

Kenya Has Paid Ksh7.7 Billion for Loans It Never Used

Welcome to the Money News Roundup. In today's edition, we cover the Auditor-General's report revealing that Kenya paid billions in…

3 weeks ago

African Development Bank and Standard Bank launch R5.4 billion SME funding deal

South Africa's small and medium sized enterprises are set to benefit from a R5.4 billion financing package after the African…

4 weeks ago

Africa’s richest monarch names a $1 billion highway designed to connect Europe and West Africa after Trump

Estimated to have cost around $1 billion, the highway is central to Morocco's ambition of becoming a major trade…

1 month ago

Africa $10-$20 billion economic hit from ‘super’ El Niño

An impending "super" El Niño is likely to inflict a combined $10 billion to $20 billion hit on affected African…

1 month ago

World Bank backs South Africa’s $1.5 billion electricity market overhaul

The World Bank and the South African government signed a $1.5 billion Development Policy Loan on 21 July, formalising international…

1 month ago

World Bank Extends $1.5 Billion Loan to South Africa to Fast-Track Infrastructure Reform

“South Africa has shown that sustained reform can turn around even deep-seated infrastructure crises,” said Satu Kahkonen, World Bank Group Division Director…

1 month ago