Kengen Revenue Hits Ksh59.7 Billion as Profit Falls and Dividend Slashed.
Kenya Electricity Generating Company (KenGen) reported higher revenue but lower net profit for the year ended June 30, 2026, while…
Centum Investment Company Plc CEO James Mworia Appointed Founding CEO Of Kenya’s National Infrastructure Fund.
Kenya’s National Infrastructure Fund has appointed Dr James Mworia as its founding chief executive officer, effective Monday, as the government…
S&P Cuts Senegal Credit Rating To ‘CC’ On Debt Restructuring Plan.
S&P Global Ratings cut Senegal’s long-term foreign-currency sovereign credit rating to “CC” from “CCC+” and its local-currency rating to “CCC”…
Kenya Public Wage Bill Projected to Rise to Sh1.287 Trillion ($9.9 Billion) in 2025/26, SRC Says.
Kenya’s public wage bill is provisionally projected to rise to Sh1.287 trillion ($9.9 billion) in the financial year 2025/26 from…
Egypt Seeks Expanded AIIB Investment in Energy, Transport and Logistics.
Egyptian President Abdel Fattah al-Sisi urged the Asian Infrastructure Investment Bank (AIIB) to expand investment in Egypt into energy, transport,…
FSCA Debars Africa Bitcoin Executives Over Altvest Share Price Manipulation.
South Africa’s financial regulator has fined and debarred three executives linked to Africa Bitcoin Corporation for 20 years over Altvest…
Dangote Says Refinery IPO to Open Within Two Weeks, Targets $5 Billion.
Nigerian billionaire Aliko Dangote said on Thursday the initial public offering of his oil refinery, Africa’s largest, will open within…
Wall Street Expands Crypto Infrastructure as Banks Build Tokenized Finance Systems.
Major financial institutions are expanding crypto infrastructure through tokenization, digital-asset custody and blockchain-based settlement systems, as banks seek to integrate…
Safaricom Ethiopia Surpasses 15 Million Subscribers Five Years After License Award.
Safaricom Ethiopia said on Thursday it has surpassed 15 million active subscribers, marking five years since it received Ethiopia’s first…
Rocket Money Launches AI Agent Rowan to Manage Bills and Savings by Text.
Rocket Money, the personal finance unit of Rocket Companies (RKT.N), said it has launched an artificial intelligence agent called Rowan…