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Kenya Lowers Cargo Consolidation Tax Threshold After Trader Talks with President Ruto.

Kenya will lower the tax benchmark applied to consolidated cargo imports and scrap a disputed advance cargo declaration requirement, the Ministry of Investments, Trade and Industry said on Tuesday, following…

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Tanzania Launches MSME Grants Fund for Women and Youth-Led Businesses.

Tanzania has launched a grant fund offering up to 30 million Tanzanian shillings ($11,700) to selected women- and youth-owned or led businesses, with applications opening across mainland Tanzania and Zanzibar.…

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African Development Bank, AXIAN Launch Digital Finance Programme For 34,000 Women-Led Businesses.

The African Development Bank and AXIAN Group have launched a digital finance programme targeting more than 34,000 women-led businesses across five African countries, seeking to expand access to finance, digital…

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21 Major Banks and Financial Firms Team Up to Launch a Dollar Stablecoin.

Twenty-one banks and financial firms, including Bank of America, Citigroup, Goldman Sachs and Wells Fargo, said on Tuesday they plan to form a company to issue a U.S. dollar-pegged stablecoin,…

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Vuka Group Launches Project & Investment Network to Link African Infrastructure Projects with Investors.

VUKA Group said on Wednesday it has partnered with African Infrastructure Elites to expand the reach of its Project & Investment Network, a platform aimed at connecting African power, energy…

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Kenya Airways Names Habil Waswani Acting CEO After George Kamal Resigns.

Kenya Airways said on Tuesday that Captain George Kamal had resigned as acting Group Managing Director and Chief Executive Officer for personal reasons, and named company secretary Habil Waswani to…

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IMF, Senegal Reach Staff-Level Deal On $2.2 Billion Loan Programme.

The International Monetary Fund and Senegal reached a staff-level agreement on Monday for a $2.2 billion loan programme, a step toward restoring financial support suspended in 2024 after the West…

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Bitcoin Price Holds Near $77,600 as U.S.-Iran Tensions Lift Oil, Weigh on Stocks.

Bitcoin held near $77,600 on Monday as renewed U.S.-Iran military tensions pushed oil prices higher and U.S. stocks lower, showing limited reaction to the latest geopolitical escalation. The Bitcoin price…

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BK Group Sells Rwanda Insurance Unit to State Pension Fund For $22 Million, Folds Tech Arm into Bank of Kigali.

BK Group Plc said on Monday it had completed the sale of its entire stake in BK General Insurance Ltd to the Rwanda Social Security Board for 31.7 billion Rwandan…

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East African Cables Delays Half-Year Results as Stake Sale to Cable Experts Nears Completion.

East African Cables Plc, the Nairobi-listed cable manufacturer under administration, said on Monday it would delay publication of its interim results for the six months to June 30 until no…

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