power bank Stories
Counterfeit or cheap knock-offs often lack essential safety features, and reports of power banks overheating or catching fire have increased in recent...
The directive permits foreign entities to establish subsidiaries, branches or representative offices in Ethiopia's previously closed banking system. I...
The National Assembly’s Finance Committee has recommended that five government agencies jointly supervise virtual asset service providers (VASPs), mar...
The report notes that Africa has seen little improvement since the mid-2010s, with the region now home to more than 60 per cent of the world’s extreme...
Senior State Department Bureau Official Troy Fitrell said there are business leaders in the US who need to understand the opportunities that lie in do...
The World Bank adds that in the early 2000s, Africa enjoyed strong economic growth driven by high commodity prices and a surge in foreign capital infl...
Russo succeeds NCBA Group Managing Director John Gachora, who had served in the position since June 2021.
While countries such as South Africa, Kenya, and Lesotho have benefited from preferential access under the scheme, Afreximbank notes that the recent i...
FDI inflows to emerging markets and developing economies (EMDEs) have weakened steadily as a share of their GDP since the global financial crisis
New operating window will span from 7:00 am to 7:00 pm on all business days, four hours longer than the current schedule of 8:30 am to 4:30 pm.
Data from the Kenya National Bureau of Statistics shows that 782,300 new jobs were created in 2024, a drop from 848,100 the year before.
The counties with the highest number of accounts are Nakuru, Baringo, Machakos, and Embu, all running over 200 accounts each.
According to the CBK, the ratio of non-performing loans (NPLs), those unpaid for over 90 days, rose to 17.6 per cent by June 2025, up from 17.4 per ce...
Ideally, this means a person will now be considered poor if he or she lives on less than $3.00 per day, up from the previous $2.15.
The projection also represents a significant cut from its earlier forecast of 5.0 per cent growth made in January.
The Bank’s successful entry into China’s Interbank Bond Market followed rigorous regulatory and approval processes for Panda bond issuances.
According to CBK, Kenya’s overall inflation dropped to 3.8 per cent in May 2025, down from 4.1 per cent in April, remaining below the mid-point of the...
The initiative, comprising three key pillars, aims to strengthen Tanzania's economic resilience and enhance its technical, financial and institutional...
The reserves have been on an upward trend since March, when they surpassed the 10-billion-US-dollar mark.
The African Peer Review Mechanism (APRM) on Friday described the downgrade as analytically flawed and inconsistent with the legal frameworks that gove...
The negative performance across the sectors is mainly attributed to the rising prices, which contributed to a drop in customer spending and weaker bus...
In a statement on Thursday, CBK said the approvals are part of an ongoing review of over 700 applications it has received since March 2022.
The government now plans to borrow Sh591.9 billion from the local credit market to bridge a Sh876.1 billion budget deficit in the financial year start...
According to Afreximbank's 2025 report on the state of debt burdens, a major external influence behind this shift is the changing economic policy envi...
The ministers slammed the reported Israeli decision, calling it a "flagrant violation of Israel's obligations as the occupying power," the ministry ad...
Ruto emphasised that it aims to support at least 70 youths per ward across the country by providing grant funding, business training, and market linka...
The lender argues that taxing these items would expand fiscal space without burdening the poor, as they form a minor part of low-income households’ sp...
Kaburu was arrested in May 2025 at a mall parking lot in Nairobi, while Ombogo and Mugambi were arrested in a lodge at the Namanga border.
However, the Bank strongly recommends imposing the tax on fuels at the point of entry into the country, saying this would better reflect the true soci...
