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Blackrock Shuts Down iShares Frontier and Select EM ETF (FM) Fund
BlackRock, the world’s largest asset manager, plans to liquidate nine exchange-traded funds (ETFs), including the $401 million iShares Frontier and…
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Bank of Uganda Closes Mercantile Credit Bank
The Bank of Uganda (BOU) has placed Mercantile Credit Bank Limited under liquidation, revoked its license and ordered for winding…
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Ethiopia Opens Banking Sector to Foreign Investment
The Council of Ministers in Ethiopia has approved two draft proclamations as an integral part of the National Bank of…
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East Africa Budget Day 2024
On Thursday 13th June 2024, East African countries rallied to present their 2024/25 budget statements to their respective parliaments, each…
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Shilling Up 17.8% Year to Date
Last week, the shilling strengthened 1.06 percent against the US dollar to 128.66 from 130.04 the week before, according to…
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Finance Bill 2024: Major Issues Remain Unsolved on Fuel, Tax Base
While the finance committee of the National Assembly tabled its report on Tuesday afternoon with a few amendments on tax…
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Africa Mega Proposes Majority Acquisition of Kenya Orchards
Africa Mega Agriculture Center (AMAC) Limited has proposed to acquire 84.42 percent of the total issued share capital of Kenya…
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Kenya’s Forex Reserves Hit 2 Year High
Last week, Kenya’s forex reserves shot up 18.7% to US$ 8,321 million, enough to cover 4.3 months of import cover…
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Kenya Clears the June 2024 Eurobond
Kenya has cleared the balance US$ 556.97 million of the US$2 billion Eurobond that was due by 24th June 2024,…
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Kapchorua Tea Kenya Profits Up 27% to KSh 399 Million
Kapchorua Tea registered a 27% year on year increase in Profit after Tax (PAT) to KSh 399.4 million from KSh…
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