07/05/2023
The Kenya National Bureau of Statistics (KNBS) reported on Tuesday that the country’s gross domestic product expanded by 5.3 percent in the first quarter of the year, a faster pace than 3.7 percent in the previous period ending December 2022.
07/05/2023
Inflation has been above that level for more than two years and is forecast by the central bank to return to the midpoint in the third quarter of 2025.
07/05/2023
An employer is empowered to choose to pay tier-II contributions to a private pension scheme or the NSSF.
07/04/2023
The African Development Bank’s equity investment promises several benefits.
07/03/2023
The Roadshow provided an opportunity for the firms to educate Nigerian investors on investing in real estate in UK, highlighting the benefits and methods of such investment.
07/03/2023
South Africa is on course to see its most blackout days in history this year
06/30/2023
MAS and NBR will provide strategic direction and support for the RISE programme, including providing policy guidance on cross-border financial engagements and digital financial credentials building.
06/30/2023
The company, operating in Kenya as De La Rue Kenya EPZ Limited, had about 300 employees.
06/30/2023
The disclosure to the House committee comes amid prior announcements detailing how Kenya was gearing to settle the significant maturity in a year.
06/28/2023
Regulation 28 under the Pension Funds Act imposes limits on a retirement fund’s offshore exposure: currently, no more than 45% of the portfolio may be invested outside South Africa.
06/27/2023
Ruto says loans should have a 50-year maturity period and a 10-20-year grace period
06/27/2023
The government, which is expected to tap the majority of its debt financing for the new financial year from the domestic market, will also not be spared.
06/26/2023
The International Monetary Fund recently said the Federal Government projected to spend 82 per cent of its revenue on interest payments in 2023.
06/26/2023
Total Energies and Africa Oil quit in May and relinquished their stakes for free, exerting new pressure on the main operator, Tullow, which has been unable to take the project off the ground after running out of cash.
06/23/2023
Of the $6.3bln in debt owed to government bodies, $4.1bln was owed specifically to Export-Import Bank of China, says official
06/23/2023
The Pan-African Business and Development Awards were designed to celebrate and recognise the excellence of outstanding organisations and individuals within the African business and finance sectors.
06/23/2023
In the report, the DMO warned that the Federal Government’s projected revenue of N10tn for 2023 cannot support fresh borrowings.
06/22/2023
Gauteng has for many years been a leading tourism destination in Africa.
06/22/2023
The chairman said it ended the financial year with a profit before tax of N2.92bn
06/22/2023
The payment of salaries by the State agencies outside the payroll system coincided with liquidity pressures in government