Sugar prices in Kenya were finally starting to cool down, much to the relief of consumers. But hold onto your sweet tooth! The government, in its infinite wisdom, decided to sprinkle a little extra tax on imported sugar. Talk about […]...
Brace yourselves Kenyan workers, your wallets are about to get a little happier! In a plot twist worthy of a financial soap opera, the Kenya Revenue Authority (KRA) has decided to stop playing double-dip with your deductions. That’s right, no [...
Koko Networks, the energy whiz known for its clean cooking game, is now cooking up something new: a telecom empire! They’ve just applied for a tier-three network facilities provider (NFP) license from the Kenyan government. Koko’s been a ...
Ethiopia just threw open the doors of its banking vault, inviting foreign financial institutions to join the party. In a move that’s sure to make economic wonks do a happy dance, the Ethiopian parliament has ratified a law that lets […]...
President Ruto has pulled off a real-life heist, but instead of gold, it’s oil! Kenya’s leader has extended the country’s sweet deal with Saudi Arabia, ensuring a steady flow of affordable fuel. It’s like hitting the jackpot a...
Juicyway, a Nigerian fintech startup, just scored a sweet $3 million pre-seed round to quench the thirst of businesses needing foreign currency. Think of it as a refreshing fruit punch for cross-border payments. The startup’s magic lies in its ...
Zambia’s about to get a serious cash injection, courtesy of the African Development Bank Group. Picture this, a financial makeover that’ll turn Zambia’s economy from drab to fab! This isn’t just about throwing money around; it...
Binance, the crypto colossus, is flexing its muscles and showing the world who’s boss! In 2024, it raked in a staggering $21.6 billion in user deposits, leaving its competitors in the dust. It’s like a dragon hoarding treasure, but instea...
Who would’ve thought Ghana, the country that was once on the brink of economic disaster, is now the talk of the town. With a jaw-dropping 7.2% GDP growth rate, it’s like they’ve discovered a pot of gold at the end […]...
Get ready for a financial frenzy! Banks are gearing up for a loan-borrowing bonanza, all thanks to the Central Bank’s interest rate magic trick. It’s like they’ve waved a wand and turned borrowing into a fun, affordable adventure. T...
Behold, the tech wizardry of Huawei! With a flick of their digital wand, they’ve cast a spell over Nigeria, conjuring a cloud service that promises to solve all the nation’s tech woes. From now on, Nigerian businesses can expect lightning...
The World Bank, the economic overlord, has just slapped Kenya with a downgrade. Our GDP growth forecast A measly 4.7%. Ouch. Floods, protests, and a government that’s all over the place with its finances – it’s a recipe for economic [&h...