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Africa’s largest economy secures $1.5 billion World Bank loan to fix power, ports and water infrastructure

The financing, approved by the International Bank for Reconstruction and Development (IBRD), comes as Africa’s largest economy pushes ahead…

1 month ago

World Bank Explains Delay in Approving Kenya’s Ksh77.5 Billion Emergency Loan

Welcome to the Money News Roundup. Today, we explain why the World Bank has delayed approving Kenya's Ksh77.5 billion emergency…

1 month ago

Tanzania’s sole billionaire seeks a $100 million role in Africa’s richest man’s $17 billion project

The Tanzanian billionaire recently disclosed his intentions to invest $100 million in Dangote’s planned refinery in Kenya. “I…

2 months ago

Kenya Pension Schemes Post Record KSh16.6 Billion Capital Gains | Dawan Africa

Kenya July 8 2026 - Kenya's pension industry posted a record KSh16.6 billion in capital gains from the sale of…

2 months ago

World Bank warns $113 billion Gulf investment in Africa at risk amid Middle East conflict

Investment momentum from the Gulf to Sub-Saharan Africa, worth about US$113 billion (Sh14.59 trillion), is at risk of slowing, the…

2 months ago

Kenya signs $1.2 billion deal with Chinese firm to expand Nairobi airport

A general view shows of the Jomo Kenyatta International Airport, in Nairobi, Kenya September 10, 2024. REUTERS/Thomas Mukoya NAIROBI, June…

2 months ago

Kenya overhauls disaster financing after Sh188 billion flood losses stall economic recovery

The government is overhauling its disaster financing system after floods in 2023 and 2024 caused losses estimated at Sh187.82 billion…

2 months ago

Kenya Unveils Ksh 29.4 Billion AFCON 2027 Plan as Preparations Gather Pace

President William Ruto has committed Sh29.4 billion in the Finance Bill 2026 to boost Kenya's preparations for AFCON 2027. Kenya…

2 months ago

Who are the 11 Black Fortune 500 CEOs leading companies worth $432 billion?

Thasunda Brown Duckett says she learned everything she needed to know about being a CEO at a young age.  The…

2 months ago

Africa’s richest man hints at being worth more than Forbes says he is, dismissing $38 billion

Dangote made the statements during a street interview with James Dumoulin, the founder of the School of Hard Knocks…

2 months ago