Stanbic Bank Kenya’s Q1 Profit Drops by 16% on Lower Forex Income
AfricaNews & AnalysisThe Big Story Stanbic Bank Kenya’s Q1 Profit Drops by 16% on Lower Forex Income by Paul MurungiMay 12, 2025May 12, 2025 Share Tweet Pin it Share Email More Dr. Joshua Oigara- Stanbic Kenya Chief Executive Stanbic Bank Kenya, a subsidiary of Stanbic...
Tanzania, Malawi, South Africa end trade war
Share FacebookTwitterLinkedInPinterestEmail Tanzania, Malawi, and South Africa have entered into talks with a view to end a devastating trade war. Malawi, South Africa ease trade restrictions as Tanzania lifts retaliation ban on transit goods. Countries reaffirm their commitment to strengthening trade, and fostering economic cooperation....
Tech innovation and Ethiopia unit fuel Safaricom revenue to record $3 billion
Share FacebookTwitterLinkedInPinterestEmail Safaricom CEO Dr. Peter Ndegwa credits performance to strategic investments in technology, expansion into Ethiopia, and a diversified digital services portfolio. Group Earnings Before Interest and Taxes (EBIT) rose sharply by 29.5 per cent to KES104.1 billion. Telco to pay shareholders a total...
Kampala Africa AI Summit sparks conversations on driving AI adoption across the continent’s key sectors
Company NewsNews & AnalysisThe Big Story Kampala Africa AI Summit sparks conversations on driving AI adoption across the continent’s key sectors by Brian EmorutMay 11, 2025May 11, 2025 Share Tweet Pin it Share Email More I&M Bank’s Head of Innovations, Alvin Musinguzi (second left), shares...
Vaccines could save them, but 500,000 African children still die every year. Here’s why
Share FacebookTwitterLinkedInPinterestEmail African children in poor remote zones continue to die from measles, diphtheria, tetanus, polio, and whooping cough vaccination due to poor infrastructure. Additionally, poor funding structures, wars and insecurity, and low literacy levels on the benefits of vaccines continue to hurt efforts to...
US tariffs ‘killing’ African economies
Share FacebookTwitterLinkedInPinterestEmail African countries said to have ‘very high’ tariffs. US imposes 50% tariffs on Lesotho. Trump tariffs on Africa feared to shut down AGOA. US tariffs threaten the wellbeing of African economies but at the same time, Africa trade tariffs remain comparatively high affecting...
Africa’s $100 billion blueprint to firm up food security systems
Share FacebookTwitterLinkedInPinterestEmail The strategy focuses on transforming food security systems in a holistic way—from soil to shelf—targeting the most vulnerable countries. AU Plan envisages turning agriculture into a catalyst for prosperity, sustainability, and resilience across the continent. Blueprint is supported by the newly signed Kampala...
Afreximbank unveils $1 billion fund to power African creative industry to global arena
Share FacebookTwitterLinkedInPinterestEmail The boost to creative industry is part of the Afreximbank’s Creative Africa Nexus Programme (CANEX), which seeks to enhance growth and impact of the entertainment sector in the continent. Funding will be critical in promoting the production and distribution of high-quality films and...
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