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Life Style
Bank of Uganda Cuts Interest Rate by 0.25%
The Bank of Uganda (BOU) has cut the key lending rate to 10.0 percent from 10.25 percent, the first time…
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CBK Makes Changes to Currency Notes, Hires German Company to Print New Notes
The Central Bank of Kenya (CBK) has announced four changes to Kenyan currency notes – the KSh 1,000, KSh 500,…
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Central Bank Lowers Interest Rate for the First Time in Four Years
The Central Bank of Kenya (CBK) cut its benchmark lending rate by 25 basis points to 12.75 percent, reducing the…
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Stanbic’s Half Year Profits Up 2.3%, South Sudan Subsidiary Profits Double
Stanbic Holdings registered a mild 2.3 per cent increase in net profit in the first half of 2024 to KShs. 7.2…
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Equity Group Half Year Profits Up 12.5%, Ugandan Subsidiary’s Profits Dip by 23%
Equity Group posted a 12.5 percent growth in profit after tax in the first half of 2024 to KSh 29.6…
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Former Mozambique Finance Minister Convicted of $2Bn Loans Fraud
A former Finance minister of Mozambique, Manuel Chang, has been convicted by a US Court of bribery to secretly commit…
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Global Investment Research Firm MSCI Upgrades Co-op Bank, Four Others, to Frontier Markets Indices
The Morgan Stanley Capital International (MSCI), the premier global investment research firm, has promoted Co-operative Bank of Kenya (CO-OP) to…
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Sasini Issues Profit Warning on Higher Costs
Sasini PLC, a publicly listed agricultural company, has issued a profit warning for the full year ending 30th September 2024, citing…
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HF Group Rights Issue 30% Greenshoe Option
HF Group Plc has resolved to offer up to 1,499,995,255 new ordinary shares to existing investors at KSh 5 inclusive…
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CBK’s Infrastructure Bonds Gauge Investor Confidence
During August auction, government reopened two infrastructure bonds earmarked for financing infrastructure projects in the current fiscal cycle. Government received…
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