Others
Kenya Approves $907 Million Adani Energy Proposal
Kenya has approved a $907 million proposal from Adani Energy Solutions, the power distribution arm of India’s Adani Group, to
Central Bank of Nigeria Backs Providus and Unity Bank Merger
To ensure the stability of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has provided substantial support for the
Kenyan Banks Experience Decline in Q1 2024 Amid Foreign Currency Loan and Government Security Reductions
Kenyan banks have witnessed a significant contraction in their balance sheets in the first quarter of 2024, largely due to
LagRide Faces Major Losses Amid Nationwide Protest
₦10.52 million daily—that is the estimated loss for LagRide, the government-supported ride-hailing platform, after its drivers were instructed to stay
Ethiopia Secures $3.4 Billion IMF Loan Amid Major Currency Reforms
Ethiopia has successfully secured a $3.4 billion loan from the International Monetary Fund (IMF) following significant economic reforms, including floating
Nationwide Strike in Nigeria: NLC, TUC, ASUU, and Others Cripple Activity
Cause of the Strike: On June 3rd, 2024, a nationwide indefinite strike action crippled Nigeria. Organized by a powerful coalition
Kenya Maintains Interest Rates to Ensure Economic Stability
The Central Bank of Kenya (CBK) has opted to maintain the interest rate at 13%, aiming to solidify recent economic
Heritage Bank’s Demise
Nigeria’s banking sector was rocked last week by the Central Bank of Nigeria’s (CBN) decision to revoke the operating license