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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 and sustained economic growth, while affirming the country’s Long-Term Foreign-Currency Issuer Default Rating at ‘B+’. The revision improves the direction of Tanzania’s credit assessment without changing its current rating. Fitch said the Positive Outlook reflects […]

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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 with international green bond principles and the company’s plans to finance eligible green projects. In an assessment dated Aug. 19, Moody’s said the Centum Real Estate green bond framework demonstrated an “excellent” sustainability quality score […]

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Kenyan Private Sector Group, British Officials Discuss ESG Standards for Local Firms.

The Kenya Private Sector Alliance (KEPSA) met with the British High Commission and a British ESG advisory firm on Aug. 20 to discuss strengthening environmental, social and governance (ESG) practices among Kenyan enterprises, according to a KEPSA statement. The meeting, facilitated by the British High Commission in Nairobi, brought together KEPSA and ESG Management Services, […]

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Kenya National Lottery Board Appoints Transaction Advisor for First National Lottery Operator.

Kenya’s National Lottery Board said on Thursday it has appointed a consortium of RSM Eastern Africa and Sweden’s QLOT Consulting as transaction advisor to guide the procurement of the country’s first National Lottery Operator. The Board said the appointment followed an open international tender conducted under the Public Procurement and Asset Disposal Act, 2015, and […]

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BOC Kenya Profit Falls 40% in First Half, But Dividend Rises 60%.

BOC Kenya Plc an industrial gas supplier listed on the Nairobi Securities Exchange, said on Thursday its profit after tax fell 40% in the six months to June 30, even as it raised its interim dividend by 60%. Profit after tax came in at 100.4 million shillings ($777,000), down from 166.7 million shillings a year […]

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EU-Tanzania Trade Tops $2 Billion as Bloc Expands Private Sector Support.

EU-Tanzania trade reached 1.95 billion euros ($2.1 billion) in 2024, the European Union said, as the bloc pledged continued grant funding for Tanzanian businesses at an event marking Europe Day in Dar es Salaam. The figures were released by the EU Delegation to Tanzania and the East African Community, which hosted the Europe Day 2026 […]

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Financial Discipline Key to More SACCO Funding, Uganda Tells Skilling Hub Graduates.

Uganda’s State House has warned graduates of a government-run vocational training programme against misusing start-up loans issued through their local savings and credit cooperative societies (SACCOs), saying further funding depended on responsible use of existing money. State House Comptroller Jane Barekye said President Yoweri Museveni intended to increase funding to the SACCOs set up for […]

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Founder Of Collapsed Chinese Property Giant Evergrande Sentenced to Life in Prison.

Hui Ka Yan, founder of collapsed Chinese property developer Evergrande, was sentenced to life in prison on Thursday after pleading guilty to embezzlement, bribery and other charges, state media reported. The Shenzhen Intermediate People’s Court also confiscated Hui’s personal property and fined his former companies a combined 15.82 billion yuan (about $2.35 billion), the state-run […]

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Standard Chartered Bank Kenya Lifts Interim Dividend Despite 16.8% Profit Drop.

Standard Chartered Bank Kenya raised its interim dividend to 8.50 shillings per share for the first half of 2026, even as net profit fell 16.8% to 6.7 billion shillings ($52 million), the lender said in half-year results. The bank, a subsidiary of London-based Standard Chartered Plc and listed on the Nairobi Securities Exchange under the […]

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Kenya’s Private Sector Pushes Trust Agenda Ahead of Global Trust Summit.

Kenyan business leaders called on Tuesday for stronger institutional trust to lower the cost of doing business, at a roundtable in Nairobi held two months before the country hosts the inaugural Global Trust Summit in October. The Private Sector Roundtable, themed “Trust as an Economic Asset,” brought together representatives of government, business associations and development […]

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