More than US$500m to address the COVID-19 pandemic
IFC, a member of the World Bank Group, committed US$5.6billion to private sector development in the Middle East and sub-Saharan Africa in fiscal year 2020, supporting businesses across the two regions to launch, grow, provide jobs and fight impacts of the...
Kenyan and Nigerian currencies are likely to come under pressure against the U.S. dollar this week as Uganda’s shilling strengthens and Tanzania’s and Zambia’s currencies trade sideways.
KENYA
The Kenyan shilling is forecast to weaken due to increased dollar demand from merchandise importers and the energy sector as business activity...
For more than 50 years, Loiman Letolo, 70, has peddled her colourful beaded necklaces and bracelets to safari-goers at the entrance gates to Kenya’s Maasai Mara National Reserve.
As the annual “Great Migration” of millions of wildebeest, zebras and gazelles into the Mara’s vast savannah gets underway, Letolo would normally...
Zambian and Kenyan currencies are seen facing pressure this week as those of Nigeria, Uganda and Tanzania hold steady.
ZAMBIA
The kwacha is expected to remain under pressure against the US dollar this week due to declining supply of hard currency.
On Thursday, commercial banks quoted the currency in Zambia, Africa’s...
Tanzania's shilling is expected to gain ground against the U.S. dollar this
week, while Kenya's will weaken, traders said.
KENYA
The Kenyan shilling is seen weakening due to dollar demand from merchant importers and firms in the energy sector, which normally increases in the last days of the month.
Commercial banks quoted the...
Kenya, East Africa’s most stable country and largest economy, and Africa’s 6th largest, will choose its next President on August 9th. According to Nairobi-based Tifa Research, the front runners are neck-and-neck. The tight race is currently led by veteran defender of multi-party democracy, Raila Odinga, and the deputy president...
JOHANNESBURG – There was a time when Kenyan elections elicited only mild interest from the international community. For decades after Kenya gained its independence in 1963, the Kenya African National Union reliably dominated, owing to its use of questionable practices, some violence, and a persistently splintered opposition. But with...
Rwanda’s tourism industry is bidding for a strong recovery in 2022 as it seeks to overcome the damage wrought by Covid-19.
With lucrative sponsorship deals in place with Champions League football clubs, plans to become a major air travel hub for East Africa and ambitions to host global sports...