Category: Business

Announcing the decision on Thursday, Rwanda’s Central Bank Governor John Rwangombwa said no further increments are expected as inflation is expected to be contained to single digits by next year.

Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the company pleaded guilty on Tuesday to sweeping US money laundering violations and agreed to fines of more than $4 billion.

During the closure of the 55th African Airlines Association Annual General Assembly (Afraa) in Kampala, Uganda on Tuesday, delegates unanimously agreed that opening up air spaces within African countries is a game changer for the sector.

Dodoma is still reluctant to be part of the East African Community (EAC) Single Tourist Visa (STV) on grounds that the bloc is yet to address security and financial implications of the scheme.

As the project enters a defining period of construction during which the contractor demands 100 percent right of way, it is still grappling with the issue of absentee landlords to find and compensate, or take over the land with suspended payment via an escrow account,...

The Africa Financial Industry Summit (Afis) ‘Disrupter of the Year’ award is normally conferred on the sector’s most innovative young business, “whose innovation represents a market disruption” and whose activities have significantly increased within the year.

This comes against warnings that the move could instead worsen the problem it is intended to cure.

The notable increase from Ksh111.3 billion ($ in January 2021 comes slightly over two years since Kenya reached a 48-month arrangement with the Fund under its Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements in February 2021.

State-owned power distributor Kenya Power and Lighting Company (KPLC) blamed the blackout on a hitch at two key generation points in Olkaria. Normal supply was restored near midnight.

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