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 […]
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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
Empty wallets, empty bellies Food inflation grips Nigerians
Food prices in Nigeria have risen by 40.53%, the highest in nearly 30 years. This has made life harder for
The War Against Multichoice
In a landmark decision, a Nigerian tribunal has ruled in favor of a customer, Ms. Onifade, in a case against
Kenya in Turmoil Tax Hikes Spark Deadly Protests
Kenya has been rocked by a wave of violent protests in recent weeks, ignited by a proposed tax hike included