Kenya has paid off the remaining $556.97 million (Sh71.5 billion) of its $2 billion (Sh257 billion) Eurobond ahead of the June 24, 2024, due date. According to the National Treasury’s Public Debt Management Office, this final payment was made on Friday, June 21, three days before maturity. This repayment has boosted Kenya’s National Reserves, pushing […]
In a joint overnight operation, the Nigerian Embassy and a Senegalese-based NGO rescued 24 Nigerian girls from sexual exploitation in the Tamaccounda and Kedougou regions of Senegal. The acting Ambassador of the Nigerian Embassy in Dakar, Salihu Abubakar, reported this to the News Agency of Nigeria (NAN) on Sunday. The girls, mostly under-aged and ranging […]
A new war crimes court has been established in Liberia by an executive order signed by President Joseph Boakai, more than two decades after two civil conflicts that claimed 250,000 lives came to an end. Liberia, according to Mr. Boakai, had “endured downpours of agony”. Atrocities throughout the hostilities that lasted from 1989 to 2003 […]
Prisca Magori, the Co-founder and CEO of Smart EFD (Electronic Fiscal Device) and Calvin Usiri, the Co-founder and CTO (Chief Technology Officer) of Ramani, have been named in the Africa Forbes 30 under 30 class of 2024. Prisca Magori, a petroleum engineer, driven by her passion for entrepreneurship, developed the module with her colleague, Hashim […]
Following his win on polling on Sunday and the Constitutional Council ultimately validating and declaring the results, left-wing pan-Africanist, Bassirou Diomaye Faye has been sworn in as the youngest Senegalese president on Tuesday. From prison to presidency, Faye who has never held an elected office before won the first-round victory on a pledge of radical […]
The International Monetary Fund said on Friday, March 22, that a two-week mission to Rwanda had agreed to allocate another $165.5 million in funding to the country, even as it warned of vulnerabilities tilted to the downside. While Rwanda’s economic outlook continues to be positive, IMF mission lead, Ruben Atoyan said that a number of […]
The President of Kenya, William Ruto, has formally signed a contentious bill into law, creating a path for the government to continue collecting a housing levy of 1.5% of a worker’s monthly pay. The signing ceremony was conducted in State House Nairobi and attended by key government officials. The primary goal of the levy is […]
On Wednesday, Access Bank and KCB Group signed a binding agreement to acquire 100 percent shareholding in National Bank of Kenya Limited (NBK) from KCB. The successful finalization of the transaction hinges on meeting standard conditions typical for such deals, which include securing regulatory approvals from bodies such as the Central Bank of Kenya, the […]
According to the 2023 Eastern Africa Youth Digital Readiness Index, Kenya is the nation leading the way in the digital revolution. Kenya’s extensive usage of mobile money, government infrastructure spending, and digital literacy campaigns are all credited for the country’s rating. Even having a score of 26.75, Kenya continues to struggle with unequal access to […]
The commencement of the Rwanda-Zimbabwe Business Forum on Monday is a compelling example of the transformative potential of cooperation between the South and the South. A remarkable success story, the 50% increase in trade between these two countries over the last two years offers important lessons for the whole African continent. The annual forum, which […]
