African banks may lose Sh5tr to virus rebound risks
The impact of the Covid-19 pandemic crisis was less severe on banks across the continent than initially expected.
By Bloomberg 3 years ago
African banks may lose Sh5tr to virus rebound risks
Covid-19 cuts over 150m from middle-income rank
Brazil’s central bank on Wednesday announced its biggest increase in its policy rate in a decade in response to growing fears of inflation.
By Bloomberg 3 years ago
Covid-19 cuts over 150m from middle-income rank
Airlines suffer as UK bans travel
Carriers were already reeling from Covid-19. They have eliminated jobs, retired older fuel-guzzling aircraft and turned to capital markets and asset s
By Bloomberg 3 years ago
Airlines suffer as UK bans travel
Liquid Telecom raises Sh33.4 billion for data centre expansion
Cash will help the operator expand its data centre in five countries including Egypt and Nigeria.
By Bloomberg 3 years ago
Liquid Telecom raises Sh33.4 billion for data centre expansion
Tullow share soars as Uganda okays Sh62b stake sale
Forty per cent spike follows nod to divest in the Lake Albert Development Project.
By Bloomberg 3 years ago
Tullow share soars as Uganda okays Sh62b stake sale
IMF sees upward revision of Kenya’s economic growth
IMF will release an updated Word Economic Outlook report next month
By Bloomberg 3 years ago
IMF sees upward revision of Kenya’s economic growth
Government in talks with World Bank for budget-support loan
This will be the third time Kenya takes up a so-called development policy operation loan from the World Bank.
By Bloomberg 3 years ago
Government in talks with World Bank for budget-support loan
Rich petrostate runs out of cash as oil prices drop
Slow to adjust big-spending habits as oil revenues fall, Kuwait is hurtling towards a moment of economic reckoning.
By Bloomberg 3 years ago
Rich petrostate runs out of cash as oil prices drop
Unilever weighs scaling back on its tea business
Unilever has been seeking to reshape its portfolio as consumers’ tastes change.
By Bloomberg 4 years ago
Unilever weighs scaling back on its tea business
Mining firms stuck with coal pits the world needs, but few want
The world’s biggest mining company’s unsuccessful effort over the past year to offload the asset highlights the predicament producers are in.
By Bloomberg 4 years ago
Mining firms stuck with coal pits the world needs, but few want
Stuck at home, world is eating less sugar
Global closure of entertainment facilities has slowed down demand.
By Bloomberg 4 years ago
Stuck at home, world is eating less sugar
Virus wilts Sh900b global flower trade
As people everywhere cancel events and cut flower orders, the ripples reach into Dutch auction halls and Kenyan rose fields.
By Bloomberg 4 years ago
Virus wilts Sh900b global flower trade
State mulls ban on direct tea sales
Kenya plans to ban direct tea sales and will enforce an electronic-trading auction system in proposed reforms following an industry probe
By Bloomberg 4 years ago
State mulls ban on direct tea sales
China talks up post-virus rebound as world economy shuts
China’s government is talking up the prospects for a rapid economic rebound from the coronavirus, even as the global economy sees further lockdowns
By Bloomberg 4 years ago
China talks up post-virus rebound as world economy shuts
Dangote ends 2019 Sh434b richer
Aliko Dangote, Africa’s richest man, became $4.3 billion (Sh434 billion) richer in 2019 as his fortune continued to grow
By Bloomberg 4 years ago
Dangote ends 2019 Sh434b richer
Ghosn escape theories: A music box, jet and Lebanese aid
A team of accomplices was assembled to carry out his exfiltration, and his wife, Carole, played a key role
By Bloomberg 4 years ago
Ghosn escape theories: A music box, jet and Lebanese aid
Kenyan stocks outshine peers
Kenya proved the best performer among sub-Saharan African stock markets over the past decade.
By Bloomberg 4 years ago
Kenyan stocks outshine peers
Africa’s top bank up for grabs but no takers yet
Although at a price to book ratio of 2.7 times, it is also the most expensive relative to its peers.
By Bloomberg 4 years ago
Africa’s top bank up for grabs but no takers yet
Uganda resubmits loan request for Sh230b rail
Uganda, Kenya, Rwanda and South Sudan agreed in 2014 to build standard gauge railways in their territories as part of a regional plan to cut transport
By Bloomberg 4 years ago
Uganda resubmits loan request for Sh230b rail
Envoy denies debt risk over Sh300 billion expressway
Ambassador denies America has backtracked on funding Nairobi-Mombasa road, insists country will receive value for money.
By Bloomberg 4 years ago
Envoy denies debt risk over Sh300 billion expressway
It's make-or-break week for Brexit as clock ticks
It’s 11 days until the UK is due to shed its European Union membership and, as Prime Minister Boris Johnson so often says, 'take back control.'
By Bloomberg 4 years ago
It's make-or-break week for Brexit as clock ticks
Why central banks are wary of digital currencies
Regulators are paying attention following Facebook Inc’s proposal to create its own digital currency, Libra, which they see as a threat
By Bloomberg 4 years ago
Why central banks are wary of digital currencies
Equity to review unit
Equity Group Holdings Plc is weighing whether to keep its financial-technology unit as a separate business after a top executive quit.
By Bloomberg 4 years ago
Equity to review unit
Firms to reap big from free trade -AfDB
Africa’s free-trade pact will help shift the continent away from its over-reliance on volatile commodity exports and boost manufacturing, AfDB says.
By Bloomberg 5 years ago
Firms to reap big from free trade -AfDB
EAC states to go big on infrastructure spending
East African countries plan to increase spending dramatically on infrastructure projects in budgets to be released today.
By Bloomberg 5 years ago
EAC states to go big on infrastructure spending
Forecast rules out oil price rally
Forecast show persistent surpluses, not the deficit that was expected to underpin rising prices.
By Bloomberg 5 years ago
Forecast rules out oil price rally
Why CBK chief Njoroge could get term extension
Insiders say steady currency and efforts to increase lending to small businesses stand him in good stead.
By Bloomberg 5 years ago
Why CBK chief Njoroge could get term extension
Uhuru: Affordable homes plan on
First in line will be the commissioning of 100,000 units being built in conjunction with with the UN.
By Bloomberg 5 years ago
Uhuru: Affordable homes plan on
World economy on edge as US, China war rages
The trade war between the US and China continues to loom large over the world economy.
By Bloomberg 5 years ago
World economy on edge as US, China war rages
Bharti Airtel plans Sh500 billion Africa unit IPO
It’s considering seeking an equity valuation of about Sh500 billion
By Bloomberg 5 years ago
Bharti Airtel plans Sh500 billion Africa unit IPO
New Land Rover to test in Kenya
Testing of the prototype will take place in the Borana Conservancy and include carrying supplies across unforgiving terrain
By Bloomberg 5 years ago
New Land Rover to test in Kenya
What oil at $100 a barrel will mean for the global economy
Exporting nations will enjoy a boost to corporate and government revenues
By Bloomberg 5 years ago
What oil at $100 a barrel will mean for the global economy
Jumia surges on US debut after listing
Jumia operates in countries such as Nigeria and Ivory Coast where the US giant lacks distribution infrastructure
By Bloomberg 5 years ago
Jumia surges on US debut after listing
Don’t rock the boat, IMF warns policymakers on trade
IMF warned states not to rock the boat with trade wars and other disruptions at a time when global economy is already sailing through choppy waters.
By Bloomberg 5 years ago
Don’t rock the boat, IMF warns policymakers on trade
Carrefour on prowl for acquisitions in new Africa strategy
Growing the franchise in Africa will boost competition for the likes of Shoprite Holdings Ltd., the continent’s biggest grocer
By Bloomberg 5 years ago
Carrefour on prowl for acquisitions in new Africa strategy
Boeing now seeks more time
Boeing Co says it needs more time to finish a software upgrade for its grounded 737 Max jetliners
By Bloomberg 5 years ago
Boeing now seeks more time
Mastercard to join investors in online retailer Jumia
Mastercard also agreed to a new partnership to help Jumia grow its operations, Berlin-based Jumia said in an emailed statement on Monday.
By Bloomberg 5 years ago
Mastercard to join investors in online retailer Jumia
As Boeing reels from crashes, Airbus mum about sales gains
That makes sense, says Michael Hewson, an analyst at CMC Markets, a brokerage in London.
By Bloomberg 5 years ago
As Boeing reels from crashes, Airbus mum about sales gains
KQ mulls cancelling Boeing order after Ethiopia air crash
Kenya Airways is reviewing proposals to buy the Max and could switch to Airbus SE’s rival A320.
By Bloomberg 5 years ago
KQ mulls cancelling Boeing order after Ethiopia air crash
African pharma tycoon falls from grace as Aspen plunges
By Bloomberg 5 years ago
African pharma tycoon falls from grace as Aspen plunges
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