Category: Business

Latest data from the Ministry of Agriculture shows that maize production is projected to increase by 29.3 percent to 44.6 million bags; wheat by 62.6 percent to 4.9 million bags; Irish potatoes to 25.3 million bags and beans production to reach 11.7 million bags, a...

Sustained efforts to reduce Bujumbura’s current expenditure, which have mostly been inflated by salaries and subsidies, are expected to narrow its budget deficit as it also strengthens revenue collection to deliver stronger growth this year.

The lender bagged six awards as Best Bank in Kenya, Best Bank in DRC, Best Bank for SME Banking, Best Bank for Digital Solutions, and Best Bank for CSR in Kenya.

Jumia said the agreement will see it start selling the kits on its sites and through agents, using Nigeria and Kenya as a launch pad before rolling out the distributorship to the rest of the continent.

A new report by the European Investment Bank titled Finance in Africa: Uncertain times, resilient banks: African finance at a crossroads shows that the total fundraising in the continent fell by 35 percent to $2.1 billion, the lowest figure for the continent in nine years.

"Tanzania's national grid, which has an installed capacity of more than 1,900 MW, was suffering from broken infrastructure at gas wells and gas-fired power stations, as well as reduced water levels at hydropower dams," said Gissima Nyamo-Hanga, managing director of the Tanzania Electric Supply Company (Tanesco).

SEM’s chief executive Sunil Benimadhu said in the exchange’s 2022 annual report that a new automated trading system (ATS) installed last year will allow the integration of foreign intermediaries.

The interest payments are essentially the cost of borrowing money. The borrower makes these payments in addition to paying back the principal on a loan.

The telco said the review, which comes hot on the heels of an August revision of daily total transaction limits from Ksh300,000 ($2,036) to Ksh500,000 ($3,394), takes effect immediately.

New data from the Treasury and the Central Bank of Kenya (CBK) place Kenya’s debt stock at Ksh10.189 trillion ($69.3 billion) at the end of June 2023 in contrast to Ksh8.579 trillion ($58.4 billion) in June last year.