The Central Bank of Kenya (CBK) has announced the reopening of three fixed-coupon Treasury bonds, aiming to raise up to KSh 130 billion to support the national budget. The offer, which is open between…
In a significant policy shift aimed at revitalising the financial sector, the Central Bank of Kenya (CBK) has announced that it will lift its nine-year moratorium on the licensing of new commercial ba…
Nation Media Group (NMG), one of the East Africa’s largest independent media houses, reported KSh 6.229 billion in group turnover for the year ended 31 December 2024, reflecting a 12.5% year-on-year d…
Tala, a global financial technology company, has announced a significant restructuring of its customer operations department in Kenya, resulting in 28 job redundancies. Tala Kenya layoffs, which affec…
Access Bank PLC’s strategic expansion into East Africa has taken a significant step forward after securing full regulatory approval to acquire 100 percent of the issued share capital of the National B…
Umeme Limited, Uganda’s largest electricity distributor, has formally declared a dispute with the Government of Uganda regarding a contentious buyout amount that the company says remains unpaid follow…
The East African Securities Exchanges Association (EASEA) has launched a historic regional stock index the East Africa Exchanges (EAE) 20 Share Index marking a major step forward in the integration an…
The Kenya Revenue Authority (KRA) has launched a eRITS system aimed at simplifying rental income tax compliance in Kenya, in a move expected to transform the way landlords and property agents manage t…
Global hedge funds are grappling with significant losses and a sharp reduction in net leverage following a tumultuous week in financial markets. The upheaval was triggered by U.S. President Donald Tru…
Absa Group Ltd., which is listed on the Johannesburg Stock Exchange and South Africa's third-largest bank by assets, has announced plans to open a representative office in Dubai in the first quarter o…
