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Kenya Revenue Authority Raises Customs Valuation Benchmark for Consolidated Cargo to Curb Undervaluation.

The Kenya Revenue Authority (KRA) said on Tuesday it has raised the customs minimum valuation benchmark for general containerized consolidation…
News

African Export-Import Bank (Afreximbank) Profit Rises 30% To $534.7 Million in First Half Of 2026.

African Export-Import Bank reported a 30% rise in net income to $534.7 million for the first half of 2026, the…
Latest

Invest Kenya Deepens Ties with Venture Capital Body to Draw Private Investment.

Kenya’s national investment promotion agency and the East Africa Venture Capital Association (EAVCA) said on Thursday they had renewed a…
Latest

NCBA Group Embeds Insurance Across Banking and Investment Products to Drive Growth.

NCBA Group PLC is weaving insurance products into its core banking, lending and wealth management offerings, a strategy the Kenyan…
News

Banks and Regulators Launch Pilot to Test Post-Quantum Cryptography for Digital Asset Transfers.

A group of banks and financial regulators from multiple jurisdictions has launched a pilot program to test post-quantum cryptography for…
News

Africa Finance Corporation Launches Nigeria Climate Infrastructure Fund to Tap Domestic Capital.

AFC Capital Partners (ACP), the asset management arm of Africa Finance Corporation (AFC), said on Monday it has launched the…
FinTech

CIT Vericash Named Best Digital Financial Services Platform by Global Business Outlook.

CIT Vericash, a fintech platform provider serving banks across Africa, said on Monday it had been named Best Digital Financial…
Latest

Kenya Re profit climbs 43% to KSh2.3 billion on stronger underwriting.

Kenya Reinsurance Corporation reported a 42.8% rise in profit after tax to KSh2.3 billion ($17.8 million) for the six months…
News

Fitch Revises Tanzania Outlook to Positive, Affirms B+ Rating.

Fitch Ratings revised Tanzania’s sovereign credit outlook to Positive from Stable on Friday, citing stronger foreign-exchange reserves, manageable fiscal deficits…
Latest

Moody’s Assigns Top Sustainability Score to Centum Real Estate Green Bond Framework.

Moody’s Ratings has assigned Centum Real Estate Limited’s green bond framework its highest Sustainability Quality Score, SQS1, citing strong alignment…